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This comparison simply includes all savings accounts.

Yorkshire Building Society
Internet Saver Plus Yorkshire Building Society
Min deposit £10000
Term Instant Access
Interest AER 1.33%

Why we like it: Tiered interest: £1 to £10,000 – 1.10% Gross/AER, £10,001 to £50,000 – 1.33% Gross/AER, £50,001 to £500,000 – 1.38% Gross/AER. Unlimited payments and withdrawals. Interest paid annually. Open in a single or a joint name. Maximum deposit £500,000. Open and manage account online. FSCS Protected. Must be UK resident. Must be aged 16 or older

Hampshire Trust Bank
Fixed Rate Bond Hampshire Trust Bank
Min deposit £1
Term 1 Year
Interest AER 2.60%

Why we like it: Interest paid annually. Open in a single or a joint name. Maximum deposit £250,000. FSCS Protected. Winner of Platinum Feefo Trusted Service Award in 2021. Must be UK resident and be aged 18 or older. No withdrawals permitted

Investec Savings
Fixed Rate Bond Investec Savings
Min deposit £5000
Term 1 Year
Interest AER 2.55%

Why we like it: Interest paid on maturity. Automatic repayment to your linked account. Maximum deposit £250,000. FSCS Protected. Must have a UK residential address and be aged 18 or older. No withdrawals permitted. Can’t have held an Investec Online Flexi Saver or Fixed Rate Saver in the last 12 months

RCI Bank
Freedom Savings Account RCI Bank
Min deposit £100
Term Instant Access
Interest AER 1.32%

Why we like it: Which? Recommended Savings Provider. No notice period. Deposit from £100. Interest paid monthly or annually. Apply in minutes. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services. Compensation Scheme (FSCS)

First Direct
1st Account First Direct
Open With £1
Account Type Current Account
Features Get £150 to switch or £20 to open

Why we like it: SPECIAL OFFER - Get £150  when you switch to a First Direct 1st Account, or if you're not ready to switch £20 welcome when you open a current account. You also get access to a 3.5% AER/gross fixed for 12 months Regular Saver Account if saving between £25 and £300 a month (up to £3,600 per year). £250 interest-free overdraft (subject to status). No minimum monthly funding and no monthly account fee. Mobile banking app. UK based contact centre. For the £150 switching cash offer you need to open a 1st Account, switch your everyday banking to us using the Current Account Switch Service and pay in at least £1,000 within three months of opening the account. To get the £20 welcome cash offer you need to open a 1st Account and log into our app / online banking within three months of opening the account. This offer can’t be added to any other joiner or switcher offer

Santander
123 Current Account Santander
Open With £500
Account Type Current Account
Features 0.75% AER Interest Up To £20,000

Why we like it: Earn 0.75% AER (variable) interest on balances up to a maximum of £20,000. Up to 3% cashback on household bills - 1% on council tax bills, Mobile and home phone bills, broadband and paid-for TV packages, and Santander monthly mortgage payments. 2% on Gas and electricity bills, Santander Home Insurance premiums and Santander Life Insurance premiums, and 3% on water bills. Monthly fee of £4. Cashback capped at £5 for each cashback tier each month. Must pay in £500 pm. Bank is registered with the Financial Services Compensation Scheme (FSCS), so any money you keep will be fully protected, up to £85,000.

Starling Bank
Mobile App Bank Account Starling Bank
Open With £0
Account Type Mobile Bank Account
Features Fee FREE Account Pays 0.05% AER

Why we like it: Free current account. Pays 0.05% AER interest on balances up to £85,000. Get set up in minutes. Send money abroad: Fast and secure money transfers to bank accounts in 38 countries worldwide. No fees when you pay with your card abroad or withdraw money. Get a spotlight on your spending: See what you’ve spent instantly with real-time payment notifications. 3 month interest holiday on the first £500 of an arranged overdraft. Voted best British Bank and Best Current Account 2018 - 2021 at the British Bank Awards. Awarded 5 stars by Defaqto. Bank is registered with the Financial Services Compensation Scheme (FSCS), so any money you keep will be fully protected, up to £85,000

The Access Bank UK
Fixed Rate Bond The Access Bank UK
Min deposit £5000
Term 2 Years
Interest AER 2.90%

Why we like it: Save from £5,000 to £500,000. No additional deposits or withdrawals permitted. FSCS Protected

Investec Savings
Online Flexi Saver Investec Savings
Min deposit £5000
Term Instant Access
Interest AER 1.25%

Why we like it: Instant access to your savings. Unlimited deposits and withdrawals. Interest paid monthly, either to a linked current account, or adding it to your Online Flexi Saver account. Easy application process, you just need a UK mobile phone and UK driving licence or passport. Manage account online. Maximum balance £250,000. Must be aged 18 or older and have a UK address. Must have a linked UK current account. Your eligible deposits with Investec Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)

Hampshire Trust Bank
Online Easy Access Account Hampshire Trust Bank
Min deposit £1
Term Instant Access
Interest AER 1.15%

Why we like it: Unlimited payments and withdrawals. Interest paid annually. Open in a single or a joint name. Maximum deposit £250,000. FSCS Protected. Winner of Platinum Feefo Trusted Service Award in 2021. Must be UK resident and be aged 18 or older

Brown Shipley
Easy Access Account Brown Shipley
Min deposit £1000
Term Instant Access
Interest AER 1.10%

Why we like it: Register for a free Raisin UK Account to apply for product and receive a £25 cash bonus for deposits of £10,000 or more. Interest paid monthly. Maximum deposit £85,000. FSCS Protected. Must be UK resident and aged 18 or older.

Yorkshire Building Society
Internet Saver Plus Yorkshire Building Society
Min deposit £50000
Term Instant Access
Interest AER 1.38%

Why we like it: Unlimited payments and withdrawals. Interest paid annually. Open in a single or a joint name. Maximum deposit £500,000. Open and manage account online. FSCS Protected. Must be UK resident. Must be aged 16 or older

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Instant Access Best Buys


RCI Bank »

RCI Bank offer a very competitive instant access account.

  • 1.32% AER/Gross pa (variable) interest rate
  • Interest is paid monthly or annually
  • Unlimited payments and withdrawals
  • Online account
  • Minimum deposit - £100
  • Which? Recommended Savings Provider
  • FSCS Protected

Quick online application setup from RCI Bank


Investec Bank »

Investec Bank also offer a competitive instant access account.

  • 1.25% AER/Gross pa (variable) interest rate
  • Interest is paid monthly, either to linked bank account or adding back in
  • Unlimited payments and withdrawals
  • Minimum deposit - £5,000
  • FSCS Protected

Quick online application setup from Investec Bank


Hampshire Trust Bank »

Hampshire Trust Bank offer a competitive instant access account.

  • 0.50% AER/Gross pa (variable) interest rate
  • Interest is paid annually
  • Unlimited payments and withdrawals
  • Online account
  • Minimum deposit - £1
  • Open in single or joint name
  • FSCS Protected

Quick online application setup from Hampshire Trust Bank

Brown Shipley »

Brown Shipley also offer a competitive instant access account.

  • 1.10% AER/Gross pa (variable) interest rate
  • Interest is paid monthly
  • Unlimited payments and withdrawals
  • Register for a free Raisin UK Account to apply for product
  • Minimum deposit - £1,000
  • Maximum deposit £85,000
  • FSCS Protected

Quick online application setup from Brown Shipley

Leeds Building Society »

Leeds Building Society offer an instant access account.

  • 0.71% AER/Gross pa (variable) interest rate
  • Interest is paid annually
  • Unlimited payments and withdrawals
  • Apply and manage account online
  • Minimum deposit - £1,000
  • FSCS Protected

Quick online application setup from Leeds Building Society


Fixed Rate Best Buys

Hampshire Trust Bank 1 Year Fixed Rate Bond »

  • Fixed 1 Year 2.60% at time of writing
  • Interest paid at maturity
  • Open in single or joint name
  • Low minimum deposit - £1
  • Winner of Platinum Feefo Trusted Service Award in 2021
  • FSCS Protected up to £85,000

Quick online application from Hampshire Trust Bank

Investec Bank 1 Year Fixed Rate Bond »

  • Fixed 1 Year 2.55% at time of writing
  • Interest paid at maturity
  • Open online
  • Minimum deposit - £5,000
  • FSCS Protected up to £85,000

Quick online application from Investec Bank

Ford Money 1 Year Fixed Rate Bond »

  • Fixed 3 Year 2.45% at time of writing
  • Interest paid monthly or annually
  • Open online
  • Minimum deposit - £500
  • FSCS Protected up to £85,000

Quick online application from Ford Money

Access Bank 2 Year Fixed Rate Bond »

  • Fixed 2 Year 2.90% at time of writing
  • Interest paid annually
  • Open online
  • Minimum deposit - £5,000
  • FSCS Protected up to £85,000

Quick online application from Access Bank

Access Bank 3 Year Fixed Rate Bond »

  • Fixed 3 Year 2.95% at time of writing
  • Interest paid annually
  • Open online
  • Minimum deposit - £5,000
  • FSCS Protected up to £85,000

Quick online application from Access Bank

Current Account's

First Direct 1st Account »

Get £150 for switching, or £20 just for opening, and then earn 1.00% AER/gross on linked regular savings account. 

  • £150 when switching to First Direct as a new customer
  • No minimum monthly funding
  • 3.5% AER/gross for 12 months, available to First Direct 1st Account customers who open a new Regular Saver account, saving between £25 and £300 per month
  • No monthly fee
  • £250 interest free overdraft (subject to status)
  • Money Banking app
  • UK based contact centre
  • FSCS Protected

For more information and to apply for First Direct 1st Account

HSBC Advance Account »

Get £170 for switching, and then earn 1.00% AER/gross on a regular savings account .

  • £170 when switching to HSBC as a new customer
  • 1.00% AER/gross available to HSBC Advance customers who open a new Regular Saver account, saving between £25 and £250 per month
  • No monthly fee
  • Arranged overdraft limit of at least £1,000 on account opening
  • Money Banking app
  • FSCS Protected

For more information and to apply for HSBC Advance Account

Santander Everyday Current Account »

An everyday bank account which has no monthly fee, no minimum funding per months and offers up to 15% cashback at chosen retailers. 

  • No minimum monthly funding
  • No monthly fee
  • Earn up to 15% cashback with Retailer Offers
  • Online and Mobile Banking with text and email alerts
  • FSCS Protected

For more information and to apply for Santander Everyday Current Account

 

Santander 123 Account »

Whilst general interest rates are low some banks and building societies are offering high interest current accounts as an alternative. Santander's 123 Current Account offers a rate of 0.75% AER for savings.

  • Fixed interest on balances up to £20,000 - 0.75% AER
  • £4 monthly fee
  • Up to 3% cashback on household bills
  • Must pay in £500 per month
  • FSCS Protected

For more information and to apply for Santander 123 Account

 

With so many different easy access savings accounts to choose from, it pays to shop around. We offer a selection of leading UK instant access accounts.

With UK savings rates at an all time low you need to take action to ensure your savings are getting the best interest deal possible.

Many savings accounts below-inflation interest rates, which means people's savings are being eroded in real terms. While there are many savings accounts on the market, many do not offer much of a financial advantage as they offer interest that only matches the base rate set by the Bank of England. We help you compare a selection of some of the best interest paying accounts. 

For savers looking to access their money regularly, a good instant access savings account will offer flexible withdrawal facilities while combining these with a good rate of interest.

See here for a comparison of leading UK instant access accounts 

If you are happy to lock your money away for a fixed term, fixed rate bonds or notice accounts offer better long-term rates of interest; such accounts generally do not allow savers to take money out until the bond has matured or provide restrictions on withdrawals and may apply penalties. The ability to access funds at short notice can be very helpful.

Surprisingly some of the best paying interest accounts available are current accounts. While many current accounts pay no interest at all, some pay up to 5% interest. Switching to a new current account is much quicker than it used to be. In September 2013 "7 Day Switching" was introduced - as long as your existing bank is signed up moving account should be painless. For latest current account deals use the dropdown menu and select high interest current accounts.

In the last few years we have seen the emergence of Peer to Peer accounts providing a way for savers to earn high levels of interest as high as 7%. Often referred to as crowd funding peer to peer websites bring together borrowers looking to get low rates on loans with savers looking to get a higher return on their savings. Peer to peer is regulated by the Financial Conduct Authority. For latest peer to peer deals use the dropdown menu and select peer to peer.  

Latest news

Top 3 picks for current accounts in 2021

Over 5.1 million UK bank and building society customers have switched their bank accounts using the free (and guaranteed) current account switching service which simplifies the process for customers. Read More »

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Simplysavingsaccounts.co.uk is a trading style of Fair Investment Company Ltd.

We've been comparing savings and current accounts for many years so you can trust you're in good hands.