Compare easy access accounts

Easy access accounts are ideal if you may need to dip into your savings. However, as generally rates are low, you may need to get creative to boost yours as high as possible.

To help, this page includes short term bonus rates (remember to switch once rates drop), accounts where withdrawals are restricted, and even a current account that pays more interest than any easy access savings.

Be smart with your savings and earn 3% AER by using a CURRENT account

For the highest easy access savings rate, you need to use a current account. There are a couple of things people don’t like about doing this, so to warn you upfront.

• There’s a £2/month fee - but interest from sizeable savings should outweigh this.

• You need to pay in £500 per month, and have two direct debits set up from the account - for most people, this means using it as your main bank account.

If these don’t put you off, it can seriously boost the returns you get on your savings.

The Santander 123 Current Account

  1. Great for
    Higher interest than standard savings - 3% AER with easy access, from £3,000 to £20,000 balance. Cashback on your Direct Debits:
    3%: on mobile, home phone, broadband & paid for TV packages. 2%: on gas and electricity bills
    But be aware that
    You must use it like a current account – including paying in £500 per month, and setting up at least two Direct Debits
    There is also a £2 monthly fee

Compare easy access accounts - featured accounts - Ordered by interest rate (AER)

Apply for the accounts below today or see all easy access accounts

    • Provider/Product name Internet Saver

      Tesco Bank

      Internet Saver

    • Interest rate (AER) 1.40% Variable Includes Fixed bonus of 0.65% for 12 months
    • Min/Max opening amount £1 to £1,000,000
    • Notice / Term Notice Period: none
    • Account type Easy Access Account
    • Access Internet Post Telephone In Branch
    • Go to site

      More details

    Great for
    1.40% Gross/AER variable (includes a fixed bonus of 0.65% for 12 months)
    Opening and managing your account online
    Opening an account with just £1
    But be aware that
    Rate includes a bonus, you may want to move your money at the end of this period
    • Provider/Product name AA Internet Extra (Issue 16)

      AA

      AA Internet Extra (Issue 16)

    • Interest rate (AER) 1.40% Variable Includes Fixed bonus of 0.90% for 12 months
    • Min/Max opening amount £1,000 to £1,000,000
    • Notice / Term Notice Period: none
    • Account type Easy Access Account
    • Access Internet Post Telephone In Branch
    • Go to site

    Great for
    1.40% gross/AER variable (includes a fixed bonus of 0.90% for up to 12 months)
    Opening and managing your account online
    Interest paid annually
    But be aware that
    After 12 months, variable rate without bonus will apply, currently 0.50% gross/AER
    Minimum opening deposit must be for at least £1,000. The ongoing balance can drop below £1,000 but if it does the rate will become 0.50% gross/AER variable for the period the balance remains below £1,000
    • Provider/Product name BM Online Extra (Issue 13)

      BM Savings

      BM Online Extra (Issue 13)

    • Interest rate (AER) 1.35% Variable Includes Fixed bonus of 0.85% for 12 months
    • Min/Max opening amount £1,000 to £1,000,000
    • Notice / Term Notice Period: none
    • Account type Easy Access Account
    • Access Internet Post Telephone In Branch
    • Go to site

    Great for
    1.35% gross/AER variable (includes a fixed bonus of 0.85% for first 12 months)
    Opening and managing your account online
    Interest paid annually
    But be aware that
    After 12 months, interest will revert to the variable interest rate without bonus, currently 0.50% gross/AER variable
    Minimum opening deposit must be for at least £1,000. Your balance can drop below £1,000. If it does the rate will become 0.50% gross/AER variable for the period the balance remains below £1,000
    • Provider/Product name Telephone Saver (Issue 16)

      Saga

      Telephone Saver (Issue 16)

    • Interest rate (AER) 1.35% Variable Includes Fixed bonus of 0.85% for 12 months
    • Min/Max opening amount £1,000 to £1,000,000
    • Notice / Term Notice Period: none
    • Account type Easy Access Account
    • Access Internet Post Telephone In Branch
    • Go to site

      More details

    Great for
    1.35% gross/AER which includes a fixed bonus of 0.85% for up to 12 months
    Applying online or by phone
    Interest paid annually as shown or monthly at a lower gross rate
    But be aware that
    If funds are withdrawn and the balance drops below £1,000 the interest rate will become 0.50% gross/AER variable for the period the balance remains below £1,000
    After 12 months, interest will revert to the variable interest rate without bonus, currently 0.50% gross/AER variable
    Available to UK residents aged 50 or over only
  1. Great for
    Managing your account online or in branch
    FSCS protected
    But be aware that
    Interest paid monthly
  2. Great for
    Simple online access
    But be aware that
    You must have a personal UK bank or building society account that allows transfers to be made or received by Direct Debit
    • Provider/Product name Online Saver

      Halifax

      Online Saver

    • Interest rate (AER) 0.90% Variable
    • Min/Max opening amount £1 to £19,999
    • Notice / Term Notice Period: none
    • Account type Easy Access Account
    • Access Internet Post Telephone In Branch
    • Go to site

    Savers Prize Draw

    Three top prizes of £300,000 to be won in the February Superdraw

    Great for
    Tiered introductory rates for 12 months depending on your balance. 0.90% gross/AER variable for balances under £20,000, 0.95% for balances of £20,000 - £49,999 and 1.00% gross/AER variable for £50,000+
    Unlimited deposits and withdrawals
    Halifax Savers Prize Draw: Register by 31st January and hold £5,000+ in qualifying Halifax and/or Bank of Scotland savings accounts for the whole of January. Customers living in England, Wales & Scotland aged 18+ only (not NI)
    But be aware that
    When the 12 month introductory period ends, the Online Saver variable rate will apply, currently 0.20% gross/AER on all balances

Easy Access Guide

Easy Access Savings Accounts

If you want a simple and flexible savings account where you know exactly what you’re getting, an easy access non-bonus account could be right up your street.

Savings accounts can be complicated. Between rules on how often you can make withdrawals, rate-inflating bonuses and the like, what looks like a great deal can often turn out to be less appealing.

Read more

With easy access non-bonus savings accounts you can rest assured that the rate you see is what you’ll get and that you’ll be able to access your money as and when you need to.

Sound good? Here’s a look at these kinds of accounts in a little more detail.

What is an easy access non-bonus savings account?

Just as its name implies, an easy access savings account grants you easy access to your money whenever you like, without having to pay any penalties or forfeit any interest.

Some savings accounts place restrictions on withdrawals. Notice accounts, for example, require you to put in a period of notice before you can withdraw cash. Other savings accounts will impose penalties for making withdrawals.

Easy access accounts, on the other hand, let you take out money as you please – though some easy access accounts do limit the number of penalty-free withdrawals you can make each year.

The non-bonus part means that the rate of interest is not inflated by a temporary bonus. For example, an account may be advertised with a headline rate of, say, 2.75%, but include a 12-month bonus of 1.21%. After the bonus period ends, the rate drops to 1.54%.

So, with an easy access non-bonus account you’ll be able to withdraw cash pretty much as you please, and the rate you see is the rate you’ll get, unless it’s a variable rate account which is subject to change.

The importance of saving

It’s always been a good idea to put some money away for emergencies, or just for rainy days. Many households are now being squeezed by the rising costs of living, making it even more important to have something to fall back on.

The benefit of an easy access account is that you’ll be able to dip into your savings at the drop of a hat, without having to give any notice or worry about penalties – after all, you’re not going to get any notice of an upcoming emergency.

The flexibility of these types of accounts comes at a price, though, as easy access accounts tend to have lower rates than other types of savings accounts. For example, some fixed rate bonds pay more than 5%, whereas many easy access accounts pay below 3%.

Things to look out for

To say the rate you see is what you’ll get with a non-bonus savings account is slightly misleading, because accounts with variable rates can go up and down. It’s important to keep an eye on your rate as you may want to move your money to a more attractive account.

Again, there may actually be restrictions on how many withdrawals you can make during the term of the account, at least without incurring penalties. Be sure to check the terms and conditions of the account before signing up.

Our savings comparison tool allows you to compare rates across a range of accounts and providers to help you find the best home for your money. 

If you want to be able to dip into your savings but don’t necessarily need immediate access, you may be able to earn a higher rate of interest on a notice account than you can with an easy access account.

Compare notice accounts - featured accounts - Ordered by interest (AER)

Apply for the accounts below today or see all notice accounts

  1. Great for
    The flexibility to add further deposits whenever you want
    A choice between monthly or annual interest
    FSCS protection up to £85,000 per depositor
    But be aware that
    You must give 120 days notice to access your money
  2. Great for
    A choice between monthly or annual interest
    Unlimited withdrawals, subject to 30 days notice
    But be aware that
    No early withdrawals are permitted
    A lower rate of interest will apply if the account balance falls below £1,000
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