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.

 

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

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

  1. Market leading

    Market leading easy access account, available to new and existing customers

    Great for
    Unlimited payments and withdrawals with no penalties
    7 day service and choice of monthly or annual interest
    Part of Renault’s global banking group
    But be aware that
    RCI Bank is part of a French banking group and the first €100,000 equivalent is protected by the French deposit guarantee scheme, rather than by the UK FSCS scheme which protects the first £75,000
  2. Great for
    Opening an account online with a low minimum opening balance of just £1
    Managing your savings online 24/7 & making unlimited withdrawals with no charges, penalties or notice periods
    A choice of annual or monthly interest – Annually paid in March or monthly on the first business day of each month
    But be aware that
    After 12 months the rate will revert to the underlying rate, currently 0.65% gross/AER
    Online Saver is provided by Bank of Ireland UK
  3. 2016 SUPERS

    Winner of the Best Savings Account Provider

    Great for
    Opening and managing online exclusively
    If you would like easy access to your savings, as and when you need them
    Start saving with as little as £1
    But be aware that
    Limited to one account per customer
    Sole accounts only
    Maximum investment of £50,000
  4. Great for
    Managing your account online or in branch
    FSCS protected
    But be aware that
    Interest paid monthly

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)

Could your money be working harder in a current account? Earn up to 5.00% AER variable on limited balances, 100% easy access to your cash.

Benefit from perks such as cashback on spending and protection under the Current Account Switch Guarantee.

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, 1.50%, but include a 12-month bonus of 1.00%. After the bonus period ends, the rate drops to 0.50%.

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.

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. 

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