Hope this is in the right place - if not please move mods.
From MoneySaving Expert
"Urgent! 4.2% 1-yr fixed savings loophole
Ready, set, GO! Last one like this disappeared in 24 hours. Beats top 2-year fix.
Fixed rate savings give high guaranteed rates, but you normally need to lock cash away. Occasionally we spot those allowing free withdrawals, so you get the high rate & access. All below have full £85,000 UK Savings Protection.
• Earn 4.2% AER for a year. The online Newcastle BS 5-Year Premier Bond pays 4.2% AER; not a high rate over five years, but unusually it allows penalty-free withdrawals with 180 days' notice. So you can apply, diarise to give notice in 6 mths, and it effectively becomes a 1-year bond at 4.2% interest, far higher than the top standard 1-year deal (3.55%) or even 2-year (4.01%), so you could keep it longer. "