Skip to content

Easy access savings accounts

Compare our best easy access savings accounts

  • Find a savings account with a great rate

  • Compare accounts with flexible access to your funds

  • Choose from our wide range of trusted providers

feefo logo
Overall customers rate us
4.9 out of 5240,740 reviews

Our best easy access rates

Accurate as of Tuesday, 25 June 24

provider logo


Chase Saver Boosted Rate Offer

  • Interest Rate (AER)

    5.1% Variable

  • Notice Period


  • Min/Max Deposit

    £1.00 to £1,000,000.00

provider logo

Paragon Bank

Double Access Savings Account Issue 8

  • Interest Rate (AER)

    4.91% Variable

  • Notice Period


  • Min/Max Deposit

    £1,000.00 to £500,000.00

provider logo


Double Access Account Issue 1

  • Interest Rate (AER)

    4.9% Variable

  • Notice Period


  • Min/Max Deposit

    £1,000.00 to £1,000,000.00

How do easy access savings accounts work?

Easy access savings accounts are designed to make paying in and withdrawing your money as easy as possible

  • Marker-Number-1-50x50

    Open the account online

    You’ll need to put in an initial minimum deposit, which can vary from £1 to £5,000 

  • Marker-Number-2-50x50

    Start earning interest

    Rates tend to be variable on easy access savings accounts, meaning the provider can change the interest rate

  • Marker-Number-3-50x50

    Withdraw money when it suits

    Easy access savings accounts offer instant access to funds, meaning you don’t need to give advance notice. Simply withdraw your cash when you need it

How to choose the best easy access savings account for you

There are a number of things to consider before choosing your next savings account, these include:

  • coin-Gradient-50

    Interest rate

    Rates will vary widely between providers. Remember to check if the rate includes a short-term bonus rate, which will drop after six or 12 months, for example

  • icon-transfer-50


    Check if there are any restrictions on when and how you can get your savings. Some accounts may put a limit on the number of withdrawals per month or year

  • clipboard-Gradient-50

    Penalty restrictions

    Will the account charge a penalty for withdrawals? While this is rare, all accounts will have different terms and conditions, so read the small print

  • icon-laptop-50

    Managing the account

    Look at how you’ll be able to handle the account and if that suits your needs, whether it’s online, via an app, or if you want to use a bank branch

How can I maximise my returns using an easy access savings account?

If you want to take out an easy-access savings account, it’s important to understand how to maximise returns and get the most out of your deposit.

  • Keep a high balance. It sounds obvious, but a higher balance means more cash will be paid out in interest.

  • Add to your savings each month. To get more interest, make sure you pay in as often as possible. Set up a standing order for a set amount on payday if possible. Remember, such accounts are instant access so you can always get the money if you need it

  • Add money when rates go up. If interest rates rise, then add some money so you can take advantage of the higher rate


What are the pros and cons of easy access accounts?

There are advantages and disadvantages to opening an easy access savings account. Here are some things to consider:

  • Tick


    • Easy to set-up and manage and you’ll receive interest on your money

    • Make deposits to add to your savings whenever you want 

    • Withdraw money without having to give notice

    • You don’t need a large amount of money to open up the account

  • Cross


    • Higher interest rates may be available elsewhere, such as fixed rate savings accounts

    • There may be a limit to the amount of cash withdrawals you can make in a given time period

    • Variable interest rates – which can be reduced at short notice

    • The Annual Equivalent Rate (AER) - how much interest you’ll earn in a year - is usually lower than fixed-term accounts and even some current accounts

Why choose an easy access savings account with MoneySuperMarket?

  • icon-stopwatch-110

    It’s quick and easy

    See all available accounts in one place. You’ll be shown the interest rate you’ll receive, the notice period – if any – and the minimum and maximum deposit

  • Icon-Search-110x110

    Compare from a range of providers

    MoneySuperMarket works with a range of leading UK providers to bring you the best easy access saving accounts from across the market

  • Icon-Clipboard-110x110

    Open your new account today

    Click through to open your account online. All you’ll need is proof of ID and residence in the UK.

Is it a good time to get a savings account with a variable interest rate?

After years of historically low interest rates, banks are finally starting to offer decent rates for savers in the wake of the Bank of England raising the base rate steadily from early 2022. That means most savings products are better than they were a year ago. However, you should consider the following:

  • Whether interest rates will fall. If it looks like the Bank of England might start to cut rates, now is the time to opt for a fixed rather than variable account. That means you’ll get the same interest for a set period that won’t be subject to change

  • Variable rates are at their highest in years. Despite potential rate changes, variable rate savings accounts are offering the best rates they have since the 2008 financial crash. So you can still get a good return if you don’t want to lock your money away

  • Easy access savings accounts are handy during the ongoing cost of living crisis. If things get tight, you can get your money instantly, safe in the knowledge it will have grown thanks to higher interest rates

  • Most high-rate current accounts have become limited in scope, so easy access savings accounts offer a great alternative

What are the alternatives to easy access accounts?

If an easy access account isn’t right for you, consider one of these options…

  • icon-improve-110

    Fixed rate bonds

    A fixed rate savings bond could offer higher returns than an easy access account, but you’ll have to lock your money away for a period, often between one and 5 years

  • icon-savings-110

    Regular saver account

    You’ll usually have to save a minimum amount each month, such as £150, to earn the agreed interest rate. But rates tend to be high and you could soon build up a lump sum 

  • icon-new-account-110

    Individual Savings Account (ISA)

    With an ISA you’ll benefit from tax-free savings. Save up to £20,000 each tax year. You have a choice between cash ISAs and stocks and shares ISAs – or a combination of both

Victoria Russell

Our expert says


With an easy access savings account you have the peace of mind that you can quickly get your money should you need it. While this makes it similar to a current account, an easy access savings account could also pay you a higher interest rate on your balance. Higher rate introductory period offers can be worth snapping up. Once the rate drops, it’s time to easily access your money and move it elsewhere.

- Victoria Russell , Money & Personal Finance Expert

Compare easy access savings accounts with MoneySuperMarket

MoneySuperMarket can help you compare several accounts all in one place

  • Icon-Search-110x110

    Browse our providers

    Just click the button below to see a list of all our savings accounts, ordered by highest interest rate

  • filter-Gradient-110

    Filter and sort

    Use our filters to focus on what’s most important to you, whether it’s interest rate or deposit amount

  • Icon-Clipboard-110x110

    Click through to provider

    When you find the account you want, click straight to the provider to complete your application online today

Easy access accounts almost always offer variable rates of interest, which means the rate on your account can go up or down at any time. It’s worth keeping an eye on the interest you’re earning. If it no longer looks competitive, we recommend moving your savings to an account that offers a higher rate.

Easy access accounts are designed to give you access to your money, but some may impose certain restrictions, such as how many withdrawals you can make in a given period, such as per month or per year. Check the terms of the account before you sign up, so you’re not surprised later.

With the personal savings allowance all basic-rate taxpayers can earn £1,000 of interest on their savings each year before they have to pay any tax on it. Higher-rate taxpayers can earn £500 of gross interest a year tax-free. Anyone earning upwards of £150,000 won’t be able to benefit from the personal savings allowance. If the interest you earn exceeds these limits, any tax you owe will usually be collected via the Pay As You Earn (PAYE) system or via your self-assessment tax return.

Just as with other accounts, easy access savings accounts are generally covered by the Financial Services Compensation Scheme (FSCS) guarantee – you can check before you sign up. This means the first £85,000 of your savings with the financial institution will be covered in the rare event that the bank or building society goes bust. 

Some savings providers offer easy access accounts designed for the over 50s.

They work in the same way as other easy access accounts - and making deposits and withdrawing your cash is usually quick and straightforward. The best accounts are typically those that offer the highest interest rates without restrictions.

But while there are specialist accounts for the over 50s, it’s also worth comparing easy access savings from across the market to ensure you pick the most suitable for you.

A minimum deposit depends on the kind of easy-access savings account you are opening. Some accounts allow to start with as little as £1, although this can rise to as much as £5,000. Be sure to check the small print before opening an easy-access savings account.

An easy access savings account usually comes with a variable interest rate, which may change whenever the Bank of England raises or lowers the base interest rate. It may also change when your bank decides to make amendments. This can sometimes mean rates drop over time.

A fixed-rate savings account pays a set percentage of interest over a given period. For example, 5% over 12 months. Interest is often paid every month and usually, you cannot make withdrawals, although you can sometimes make deposits. After the fixed period, rates will fall, at which point you can withdraw your money and place it elsewhere. The longer the fixed term, the higher the interest rate. Just remember that this money will be locked away and inaccessible.

You can compare savings accounts using a number of factors. These include the interest rates they offer as well as how long the rate will last, the amount you might need to deposit in order to open the account, and how you can access the account. Once you’ve decided which account you want, simply click through and you’ll be taken to the provider’s website.

Not sure what type of account to go for? Our Savings Decision Tree can help you decide.

You work hard to earn your money, and we don’t think you should waste a penny of it paying over the odds on your household bills. That’s why at MoneySuperMarket, we’re on a mission to save Britain money.

  • Whip your credit score into shape with Credit Monitor

  • Super save over and over again with Energy Monitor

  • There are always more ways to save with MoneySuperMarket 

So how do we make our money? In a nutshell, when you use us to buy something, we get a reward from the company you’re buying from.

You might be wondering if we work with all the companies in the market, or if our commercial relationships with our partners might make us feature one company above another. We’ve got nothing to hide, and we want to give you clear answers when it comes to questions like these, so we’ve pulled together everything you need to know on this page.

Looking for other forms of banking and lending?