This comparison simply includes all savings accounts.
Abbey National Instant Access Savings Accounts
Why we like it: 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)
Why we like it: Tax free ISA account. Open with £1 or transfer in existing ISA funds. Invest up to £20,000 per tax year. Interest can be paid into account, alternative Nationwide savings or current account, or an external current account. Must be UK resident and aged 16 or older. Headline interest rate applicable if no more than 1 withdrawal per account year, fFor 2 or more withdrawals the interest rate drops to 0.50% AER. FSCS Protected
Why we like it: Unlimited withdrawals subject to 30 days notice.
Why we like it: Earn 1.00% gross/AER on balances from £1,000 to £1 million. Unlimited withdrawals without restriction or loss of interest.
Why we like it: 5.00% interest for 12 months on balances up to £2,500 for the first year. You must pay in £1,000 or more each month to receive interest (excluding transfers from any Nationwide account held by you or anyone else). 12 month fee-free arranged overdraft available. No monthly fee. Must be aged 18 or older.
Why we like it: Earn 1.50% AER (variable) interest on balances up to a maximum of £20,000. Up to 3% CASHBACK on various household bills. Monthly fee of £5. Must pay in £500 pm.
Abbey National Instant Access Savings Accounts
Abbey National used to offer both personal and business banking services, including high interest instant access savings accounts. From 2004, Abbey National became wholly owned by Santander.
Abbey National Instant Access Account
As all of the accounts that used to be with Abbey National are now with Santander, if you would like a high interest account or savings account similar to the account previously offered by Abbey National then Santander’s Everyday Saver may be suitable for you. This account allows you to have instant access to your savings, the account has no withdraw restrictions and you can make a deposit at any point.
Due to its competitive interest rates, Santander’s Everyday Saver account has some of the best monthly interest that high street banks have to offer. Its many features make the Everyday Saver account suitable for students, young professionals, over 50s, those look toward retirement and retired individuals. The Everyday Saver account is suitable as a savings account for over 60s.
Features include:
- Competitive interest rates
- Open an account with just £1
- Maximum balance of £2 million
- Unlimited withdrawals
- Easy saver rates
- Manage your accounts instantaneously with online access
Review our table above to compare Santander’s savings account with other instant access high street savings accounts.
Quick online application setup from Santander
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.
The savings accounts’ interest rates do not provide enough interest to counter the effect of inflation, which means that peoples’ money is eroding in real terms. There are many savings accounts available in the UK; however, most of the accounts fail to offer any financial advantage. This is because the interest that savings accounts offer is determined by the base rate set by the Bank of England. We can 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
