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This comparison simply includes all savings accounts.

RCI Bank
Freedom Savings Account RCI Bank
Min deposit £100
Term Instant Access
Interest AER 0.72%

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)

Shawbrook Bank
45 Day Notice Account Shawbrook Bank
Min deposit £1000
Term 45 Days Notice
Interest AER 0.55%

Why we like it: Interest can be paid monthly or annually. £500,000 maximum balance. FSCS Protected. Must be UK resident and aged 18 or older. Unlimited withdrawals subject to 45 days notice

Shawbrook Bank
120 Day Notice Account Shawbrook Bank
Min deposit £1000
Term 120 Days Notice
Interest AER 0.6%

Why we like it: Interest can be paid monthly or annually. £500,000 maximum balance. FSCS Protected. Must be UK resident and aged 18 or older. Unlimited withdrawals subject to 45 days notice

Santander
123 Current Account Santander
Open With £500
Account Type Current Account
Interest AER 1.00%

Why we like it: Earn 1.00% AER (variable) interest on balances up to a maximum of £20,000. Up to 3% CASHBACK on various household bills. Monthly fee of £5. Cashback capped at £5 for each cashback tier each month. Must pay in £500 pm.

Bank of Scotland Instant Access Savings Accounts

Bank of Scotland provides business and personal banking services for their customers all over the UK. They have a variety of high interest accounts available, including high interest instant access savings accounts.

Bank of Scotland Access Saver Account

The Bank of Scotland’s Access Saver account can provide strong interest and instant access to your savings. The Access Saver account allows you to make a deposit and withdrawal at any time, with no extra costs. This gives you flexibility and complete control over your savings.

The Bank of Scotland has some of the best monthly interest that high street banks have to offer and their Access Saver account provides some of the most competitive interest rates on the market. The account has many features that make it a viable option for students, young professionals, over 50s, those looking towards retirement and retired individuals. Bank of Scotland do not implement an age restriction on their accounts, which makes their Access Saver account suitable as a savings account for over 60s.

Features include:

  • Competitive interest rates
  • Open an account with just £1
  • No maximum balance
  • Unlimited withdrawals
  • Easy saver rates 
  • Manage your accounts instantaneously with online access

Review our table above to compare the Bank of Scotland savings account with other instant access high street savings accounts.

Quick online application setup from Bank of Scotland

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 currently available in the UK fail to provide interest rates to beat or match inflation. As a result, people are losing money in real terms. This is because the savings accounts’ interest rates are 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 

Latest news

Pensioner Bond Maturity - 5 Ideas For Your Cash

From January 2018 over 900,000 people who invested in pensioner bonds will start to see their bonds mature. Savers who have been enjoying 4% pa are going to get a shock when they look for comparable returns from cash in the current market. We have put together 5 ideas for your cash in 2018

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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.