Compare easy access non-bonus accounts

Sorry we don't have any easy access non bonus accounts available at the moment. Why not check out some of our other deals below?

Easy access - ideal for those who need regular access - featured accounts -ordered by rate (AER)

  1. Market leading

    The best instant access interest rate!

    Great for
    Quick and simple online access
    Additional funds can be added to the account
    Choice between monthly or annual interest
    But be aware that
    You can only make up to 3 withdrawals per year (May-April) to get this rate
    0.75% penalty rate for over 3 withdrawals
    • Provider/Product name Internet Saver

      Tesco Bank

      Internet Saver

    • Interest rate (AER) 1.35% Variable Includes Fixed bonus of 0.60% 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
    1.35% Gross/AER variable (includes a fixed bonus of 0.60% for 12 months)
    Applying and managing your account online
    Opening your 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 Online Saver Issue 11

      Post Office

      Online Saver Issue 11

    • Interest rate (AER) 1.30% Variable Includes Fixed bonus of 0.40% for 12 months
    • Min/Max opening amount £1 to £2,000,000
    • Notice / Term Notice Period: none
    • Account type Easy Access Account
    • Access Internet Post Telephone In Branch
    • Go to site

      More details

    Great for
    Having access to your savings 24/7 with free unlimited withdrawals
    Making deposits to your Online Saver whenever you like by logging on to the Post Office online banking service
    Control - pick from annual or monthly interest - annually in March or monthly on the first business day of each month. Rates vary depending on when you choose to receive interest
    But be aware that
    Online Saver is provided by Bank of Ireland UK
    Annual interest option shown includes a 0.40% gross fixed bonus for the first 12 months. After this time, the rate will revert to the underlying rate, currently 0.90% gross/AER variable

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.

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.

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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 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.

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