This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Cookie Policy. Read more

This comparison simply includes all savings accounts.

Hampshire Trust Bank
120 Day Notice Account Hampshire Trust Bank
Min deposit £1
Term 120 Day Notice
Interest AER 0.9%

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. Unlimited withdrawals subject to 120 days notice

Hampshire Trust Bank
95 Day Notice Account Hampshire Trust Bank
Min deposit £1
Term 95 Day Notice
Interest AER 0.85%

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. Unlimited withdrawals subject to 95 days notice

RCI Bank
95 Day Notice Account RCI Bank
Min deposit £1000
Term 95 Day Notice
Interest AER 0.82%

Why we like it: Unlimited withdrawals subject to 95 days notice.

Investec Savings
32 Day Notice Account Investec Savings
Min deposit £1000
Term 32 Day Notice
Interest AER 0.8%

Why we like it: Register for a free Raisin UK Account to apply for product and receive a £50 cash bonus (terms apply). Interest paid monthly. Maximum deposit £85,000. FSCS Protected. Withdrawals subject to 32 days notice. Must be UK resident and aged 18 or older

Investec Savings
Online Flexi Saver Investec Savings
Min deposit £5000
Term Instant Access
Interest AER 0.71%

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)

Aldermore
120 Day Notice Account Aldermore
Min deposit £1000
Term 120 Day Notice
Interest AER 0.7%

Why we like it: Monthly interest. Manage your account online. Unlimited deposits. Covered by the FSCS. Must be UK resident. Must be aged 18 or older. Unlimited withdrawals subject to 120 days notice. Maximum deposit £1,000,000

Leeds Building Society
Online Easy Access Account Leeds Building Society
Min deposit £1000
Term Instant Access
Interest AER 0.6%

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

Brown Shipley
Easy Access Account Brown Shipley
Min deposit £1000
Term Instant Access
Interest AER 0.61%

Why we like it: Register for a free Raisin UK Account to apply for product and receive a £50 cash bonus (terms apply). Unlimited deposits and withdrawals. Interest paid monthly. Maximum deposit £85,000. FSCS Protected. Must be UK resident and be aged 18 or older

RCI Bank
Freedom Savings Account RCI Bank
Min deposit £100
Term Instant Access
Interest AER 0.55%

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)

RCI Bank
E-Volve 14 Day Notice Account RCI Bank
Min deposit £1000
Term 14 Day Notice
Interest AER 0.55%

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)

Aldermore
30 Day Notice Cash ISA Aldermore
Min deposit £1000
Term 30 Day Notice
Interest AER 0.55%

Why we like it: Unlimited deposits and withdrawals. ISA transfers in allowed. FSCS Protected. Must be UK resident and aged 16 or older. Withdrawals subject to 30 days notice

Aldermore
30 Day Notice Account Aldermore
Min deposit £1000
Term 30 Day Notice
Interest AER 0.55%

Why we like it: Monthly interest. Manage your account online. Unlimited deposits. Covered by the FSCS. Must be UK resident. Must be aged 18 or older. Unlimited withdrawals subject to 30 days notice. Maximum deposit £1,000,000

load more

Finding the best easy access savings account

Looking for a great rate on a easy access savings account? Use our FREE savings comparison service for the latest UK savings deals.

If you think that you might need to access your savings in the short to medium term, your best choice is likely to be an easy access savings account.

Given that interest rates are low with little chance that they will increase in the near future, it’s even more important that you find the best easy access savings accounts on the market. This short guide is intended to help you do just that.

What is an easy access savings account?

An easy access savings account is essentially what it says; a savings account that gives you easy access to your money.

With such an account you can access your savings without giving prior notice, and without forfeiting any interest.

There are some caveat’s however: there may be restrictions on the number of penalty free withdrawals you can make in any specific time period and, although you have easy access to your savings, unlike an instant access savings account there might be a few days’ delay before you have the cash in your hand.

Instant access accounts compared with easy access accounts

It is easy to get confused by the differences between easy access and instant access accounts. While both of these provide you with rapid access to your money, with an easy access account you must transfer your savings to another account, for instance your bank account, before you can receive the money as cash.

Generally, you will carry this out over the internet and there is likely to be a delay between your request to withdraw money, the money appearing in your bank account and for the funds to clear so that you can withdraw them.

This will vary between savings accounts and will depend on the bank, but it could typically take several days with the longest delay often being clearing.

With an instant access savings account, you can walk into the bank or building society and withdraw your cash immediately.

While there are no restrictions on the amount of your savings you are able to withdraw, you might be penalised in terms of loss of interest. From the provider’s viewpoint such an account is more expensive to manage than an easy access account. Consequently, interest rates tend to be a little lower than those on an equivalent easy access account.

Easy access ISA savings account

An easy access savings account can also be held in an ISA wrapper. Otherwise known as a cash ISA, the advantage is that you don’t have to pay tax on your interest. The two largest downsides are the restrictions on how much you are able to save each year in a cash ISA and you will not be able to replace any money you withdraw. 

There is, however, an exception to this. With a flexible ISA you can withdraw money and replace it within the same tax year without losing any of your allowance, though not all providers offer flexible ISAs.

Which is the best choice for me?

The best easy access savings account will depend on your circumstances, savings objectives and tax position.

You might decide to keep some savings in an instant access savings account to provide you with emergency funds immediately; some in an easy access savings account that will provide you with cash within a few days of making a withdrawal, or alternatively you might decide on a cash ISA that provides you with all the advantages of an easy access account without the need to pay tax on your interest.

The problem with cash ISAs is that the interest rates are often lower than those of a conventional easy access savings account, so don’t forget to check out the small print.

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 »

Newsletter signup

Sign up to our Newsletter to get exclusive news and offers direct to your inbox.

Let's get social now! Twitter Facebook

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.