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I've been looking at some of the suggestions that some of you have put forward... excuse my ignorance but if the interest rate says 'variable' does that mean it can fluctuate throughout the year?
Yes, a variable rate can be changed by the bank at any time. They do of course have to inform you of the fact that it's changing and give you a bit of notice (eg a week or two, enough to give you chance to withdraw your money and put it in a different bank should you choose to).
There's no requirement to give notice of rate changes, at least for easy access products?
There's no requirement to give notice if the rate is increasing but I thought they have an obligation to give notice if the rate drops by more than 0.25%. In reality, we seem to be getting notifications for all changes. The T&Cs of an account will specify what notifications we can expect.
Yes, there's a requirement to notify customers of rate changes but not to give advance notice a week or two beforehand.
