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This comparison simply includes all savings accounts.

Nationwide
FlexDirect Current Account Nationwide
Open With £1000
Account Type Current Account
Interest AER 5.00%

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.

RCI Bank
Freedom Savings Account RCI Bank
Min deposit £100
Term Instant Access
Interest AER 1.30%

Why we like it: MARKET LEADING RATE. No notice period. Deposit from £100. Interest paid monthly or annually. Apply in minutes.

Aldermore
Easy Access Account Aldermore
Min deposit £1000
Term Easy Access
Interest AER 1.00%

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.

Nationwide
Instant ISA Saver Nationwide
Min deposit £1
Term Instant Access
Interest AER 0.5%

Why we like it: Instant ISA Saver is designed for those that want the convenience of a tax-free cash ISA with instant access.

CAF Bank Instant Access Savings Accounts

The Charities Aid Foundation (CAF) not only provides a channel for the public to give to charity more effectively, but they also offer personal and business banking services. They provide a range of savings accounts, including high interest instant access savings accounts.

CAF Gold Account

One of the high interest accounts available through CAF is their Gold account. This account allows you to have instant access to your savings and has no restrictions on how often you deposit or withdraw from your account.

CAF’s Gold account comes with competitive interest rates, which provide some of the best monthly interest that high street banks have to offer. Its selection of features make the Gold account suitable for students, young professionals, over 50s, those look toward retirement and retired individuals. The Gold account can be opened by anyone over the age of 18 and it does not have any upper age limit restrictions, which means it is suitable as a savings account for over 60s.

Features include:

  • Competitive interest rates
  • Open an account with just £1,000
  • No minimum operating balance
  • Maximum balance of £1.5 million
  • Unlimited withdrawals
  • Easy saver rates
  • Manage your accounts instantaneously with online access

Review our table above to compare CAF’s savings account with other instant access high street savings accounts.

Quick online application setup from CAF

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 interest rates that are currently available through savings accounts are not high enough to match inflation, let alone beat it. As a result, peoples’ savings are eroding in real terms. Despite the large number of savings accounts available to the general public, there are no accounts that provide any real financial advantage. This is because the savings accounts’ interest rates on offer are based on the Bank of England’s base rate.  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.