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This comparison simply includes all savings accounts.

SmartSave
Instant Access Account SmartSave
Min deposit £10000
Term Instant Access
Interest AER 5.07%

Why we like it: Sign up to a Flagstone account, and access hundreds of savings accounts from 60+ banks, including this one. Easily split cash between multiple accounts, all with a single application. Maximise your interest with exclusive rates. Personalised illustration tool to see how you can maximise your cash. FSCS Protected. Minimum deposit £10,000. Must be UK resident and aged 18 or older

Leeds Building Society
Limited Issue Online Access Account Leeds Building Society
Min deposit £1000
Term Instant Access
Interest AER 4.85%

Why we like it: Interest paid annually. Unlimited deposits and withdrawals. Open and manage online. FSCS Protected. Must be UK resident and be aged 18 or older

Chip
Instant Access Account Chip
Min deposit £1
Term Instant Access
Interest AER 4.84%

Why we like it: A new savings account from Chip built to move with the Bank of England and reward you faster than the banks. Interest paid monthly. Deposit and withdraw almost instantly. No fees or charges for holding account. FSCS eligible on your deposits. Must be UK resident. Must be aged 18 or older.

RCI Bank
Freedom Savings Account RCI Bank
Min deposit £100
Term Instant Access
Interest AER 4.75%

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)

Investec Savings
Online Flexi Saver Investec Savings
Min deposit £5000
Term Instant Access
Interest AER 4.70%

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)

Post Office
Online Saver Account Post Office
Min deposit £1
Term Instant Access
Interest AER 4.60%

Why we like it: Choose monthly or annual interest payments. Unlimited deposits and withdrawals. 24/7 access to your savings. Open and manage online. After 12 months the rate will revert to the underlying rate, currently 1.55% gross/AER variable. Post Office Online Saver is provided by Bank of Ireland UK. Must be UK resident. Must be aged 18 or older. FSCS protected

Yorkshire Building Society
Easy Access Saver Yorkshire Building Society
Min deposit £1
Term Instant Access
Interest AER 4.60%

Why we like it: Save from £1. 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

RCI Bank
E-Volve 14 Day Notice Account RCI Bank
Min deposit £1000
Term 14 Day Notice
Interest AER 4.80%

Why we like it: All funds deposited into the RCI Bank E-Volve Savings 14 Day Notice Account will be used to fund pure electric vehicles and charging facilities. Interest paid monthly or annually. Manage account online. UK-based support, seven days a week. Which? Recommended Savings Provider. Unlimited withdrawals subject to 14 days notice. Must be UK resident. Must be aged 18 or older. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)

OakNorth
Base Rate Tracker 95 Day Notice Account OakNorth
Min deposit £1
Term 95 Day Notice
Interest AER 5.37%

Why we like it: The interest rate tracks the Bank of England (BoE) Base Rate. Interest is calculated on the minimum daily balance and applied to the account on the first day of every subsequent month. Open and manage account online. Your eligible deposits are protected up to £85,000 by the Financial Services Compensation Scheme. The maximum deposit you may pay into any one OakNorth Account is £500,000. The maximum amount (excluding the interest) that you will be allowed to hold on deposit with OakNorth Bank across multiple accounts is also £500,000. Unlimited withdrawals, subject to 95 days notice. Available to individuals, aged 18 or over, who are UK residents

Investec Savings
90 Day Notice Account Investec Savings
Min deposit £5000
Term 90 Day Notice
Interest AER 5.25%

Why we like it: Unlimited deposits and withdrawals. Interest paid monthly: can be added to your Notice Saver or paid to your linked account. Easy application process, you just need a UK mobile phone and UK driving licence or passport. Manage account online. Maximum balance £250,000. Withdrawals subject to 90 days notice. Must be aged 18 or older and have a UK address. Must have a linked UK current account

Aldermore
Fixed Rate Bond Aldermore
Min deposit £1000
Term 9 Months
Interest AER 4.90%

Why we like it: 9 month term, minimum deposit £1,000, no withdrawals permitted. FSCS Protected

Hampshire Trust Bank
Fixed Rate Bond Hampshire Trust Bank
Min deposit £1
Term 1 Year
Interest AER 5.05%

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 2024. Must be UK resident and be aged 18 or older. No withdrawals permitted

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Instant Access Best Buys


Leeds Building Society »

Leeds Building Society offer a very competitive instant access account.

  • 4.84% AER/Gross pa (variable) interest rate for balances over £1,000
  • Interest is paid annually
  • Unlimited payments and withdrawals
  • Online account
  • FSCS Protected

Quick online application setup from Leeds Building Society

Chip »

Chip Savings also offer a very competitive instant access account.

  • 4.84% AER/Gross pa (variable) interest rate
  • Interest rate moves with Bank of England base rate
  • Interest is paid monthly
  • Unlimited payments and withdrawals
  • Apply and manage account online
  • Minimum deposit - £1
  • FSCS Protected

Quick online application setup from Chip


RCI Bank »

RCI Bank offer a competitive instant access account.

  • 4.75% AER/Gross pa (variable) interest rate
  • Minimum deposit £1,000
  • Interest is paid monthly or annually
  • Unlimited payments and withdrawals
  • Online account
  • FSCS Protected

Quick online application setup from RCI Bank


Investec Bank »

Investec Bank also offer a competitive instant access account.

  • 4.70% 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

Post Office Savings »

Post Office Savingsoffer an instant access account.

  • 4.60% AER/Gross pa (variable) interest rate
  • Low minimum deposit £1
  • Interest is paid monthly or annually
  • Unlimited payments and withdrawals
  • After 12 months the rate will revert to the underlying rate, currently 1.55% gross/AER variable
  • Online account
  • FSCS Protected

Quick online application setup from Post Office Savings

Yorkshire Building Society »

Yorkshire Building Society also offer an instant access account.

  • 4.60% AER/Gross pa (variable) interest rate for balances over £1
  • Interest is paid annually
  • Unlimited payments and withdrawals
  • Online account
  • FSCS Protected

Quick online application setup from Yorkshire Building Society

Aldermore Bank »

Aldermore Bank also offer an instant access account.

  • 4.50% AER/Gross pa (variable) interest rate
  • Minimum deposit £1,000
  • Interest is paid monthly or annually
  • Unlimited payments and withdrawals
  • Online account
  • FSCS Protected

Quick online application setup from Aldermore Bank

Fixed Rate Best Buys

Hampshire Trust Bank 1 Year Fixed Rate Bond »

  • Fixed 1 Year 5.20% at time of writing
  • Interest paid at maturity
  • Minimum deposit - £1
  • FSCS Protected up to £85,000

Quick online application from Hampshire Trust Bank

Investec Bank 1 Year Fixed Rate Bond »

  • Fixed 1 Year 5.04% at time of writing
  • Interest paid at maturity
  • Minimum deposit - £5,000
  • FSCS Protected up to £85,000

Quick online application from Investec Bank

Hampshire Trust Bank 2 Year Fixed Rate Bond »

  • Fixed 2 Year 5.05% at time of writing
  • Interest paid annually
  • Minimum deposit - £1
  • FSCS Protected up to £85,000

Quick online application from Hampshire Trust Bank

RCI Bank 2 Year Fixed Rate Bond »

  • Fixed 2 Year 5.00% at time of writing
  • Interest paid monthly or annually
  • Open in single or joint name
  • Minimum deposit - £1,000
  • FSCS Protected up to £85,000

Quick online application from RCI Bank

RCI Bank 3 Year Fixed Rate Bond »

  • Fixed 3 Year 4.76% at time of writing
  • Interest paid monthly or annually
  • Open in single or joint name
  • Minimum deposit - £1,000
  • FSCS Protected up to £85,000

Quick online application from RCI Bank

Hampshire Trust Bank 3 Year Fixed Rate Bond »

  • Fixed 3 Year 4.70% at time of writing
  • Interest paid annually
  • Minimum deposit - £1
  • FSCS Protected up to £85,000

Quick online application from Hampshire Trust Bank

Hampshire Trust Bank 5 Year Fixed Rate Bond »

  • Fixed 5 Year 4.55% at time of writing
  • Interest paid annually
  • Minimum deposit - £1
  • FSCS Protected up to £85,000

Quick online application from Hampshire Trust Bank

RCI Bank 5 Year Fixed Rate Bond »

  • Fixed 5 Year 4.00% at time of writing
  • Interest paid monthly or annually
  • Open in single or joint name
  • Minimum deposit - £1,000
  • FSCS Protected up to £85,000

Quick online application from RCI Bank


Current Account's

NatWest Select Current Account »

A 5* Defaqto rated everyday bank account which has no minimum monthly deposit and no fee. 

  • No minimum monthly funding
  • No monthly fee
  • Great money management tools with our mobile banking app. ‘Criteria Apply’
  • Multiple ways to pay: Apple Pay, Google Pay™ and Contactless Visa Debit Card. Limits apply
  • Arranged overdraft available (subject to eligibility)
  • FSCS Protected

For more information and to apply for NatWest Select Current Account

 

NatWest Reward Current Account »

A reward current account, earn up to £5 a month.  

  • Earn up to £5 per month back in rewards: £4 for 2 or more Direct Debits (2 of the Direct Debits need to be +£2 each) and £1 with 1 mobile app log in
  • Earn Rewards that you can redeem as cash back, gift cards or e-codes with our retail partners
  • Great money management tools with our mobile banking app. ‘Criteria Apply’
  • Multiple ways to pay: Apple Pay, Google Pay™ and Contactless Visa Debit Card. Limits apply
  • Arranged overdraft available (subject to eligibility)
  • £2 monthly fee
  • Must pay in £1,250 per month
  • FSCS Protected

For more information and to apply for NatWest Reward Current Account

first direct 1st Account »

Access to 7% AER/gross on linked regular savings account.

  • 7% 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 minimum monthly funding
  • 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

Santander Everyday Account »

Fee free account for everyday needs.

  • No minimum monthly funding
  • No monthly fee
  • Get cashback, vouchers, prize draws and other offers personalised to you when you use Santander Boosts
  • Mobile banking app
  • Arrange overdraft facility available (subject to status)
  • FSCS Protected

For more information and to apply for Santander Everyday Account

Santander Edge Up Account »

3.50% AER interest on balances up to £25,000 and cashback available.

  • 3.50% AER/3.45% gross (variable) on balances up to £25,000
  • 1% cashback (up to £15 a month) on selected household bills when you pay by Direct Debit
  • 1% cashback (up to £15 a month) at supermarkets and on travel costs when you use your debit card (exclusions apply)
  • Make international payments with no extra fees
  • £5 monthly fee
  • Must pay a minimum of £1,500 into the account each month
  • Arranged overdraft facility (subject to status)
  • FSCS Protected

For more information and to apply for Santander Edge Up 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.

Many savings accounts have below-inflation interest rates, which means people's savings are being eroded in real terms. While many savings accounts are 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. 

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

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, some pay up to 7% interest (First Direct). 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 your account should be painless. For the 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. The Financial Conduct Authority regulates peer-to-peer. For the latest peer-to-peer deals, use the dropdown menu and select peer-to-peer.  

Fixed Rate Bond Alternatives

Growth Deposit Plan

Potential 11.5% after 2 years

  • Target return - 11.5% if the FTSE 100 has not fallen by more than 10% at the end of the 2 year term
  • Capital protected
  • Available for cash ISAs, ISA Transfers & direct investments
  • Term - 2 years
  • Arrangement fee applies
  • Minimum investment - £5,000
  • FSCS protected

More info »

Important Information:  This is a structured deposit plan and is capital protected. There is a risk that the company backing the plan or any company associated with the plan may be unable to repay your initial investment and any returns stated. In this event, you may be entitled to compensation from the  Financial Services Compensation Scheme (FSCS), depending on your individual circumstances. In addition, you may not get back the full amount of your initial investment if the plan is not held for the full term.

Latest news

Popular Fixed Income Plan - Pays 5.7% pa with Monthly Income

Are you getting 5.7% fixed from your capital?  Read More »

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About us

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.