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.

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.

Ford Money
Flexible Saver Ford Money
Min deposit £1
Term Instant Access
Interest AER 1.29%

Why we like it: Open with £1. Unlimited deposits and withdrawals. Open an account singly or jointly. Interest can be paid monthly or annually. Eligible deposits covered by UK FSCS.

Ford Money
Flexible Cash ISA Ford Money
Min deposit £1
Term Instant Access
Interest AER 1.17%

Why we like it: Minimum deposit £1. Unlimited deposits. Transfer in ISAs held elsewhere - no limit. Eligible deposits covered by UK FSCS.

AA Savings
Easy Saver AA Savings
Min deposit £100
Term Instant Access
Interest AER 1.15%

Why we like it: Free withdrawals and no notice period. Deposit from £100. Includes a fixed bonus of 0.95% gross fixed for the first 12 months. Quick and easy online application

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
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.

Penrith Building Society Instant Access Savings Accounts

Penrith Building Society offers business and personal banking services to all its members. They have a selection of accounts including high interest instant access savings accounts.

Penrith Building Society Instant Access Shares Account

If you want a high interest account that can help you save, without restricting access to your funds, but still get you a return on your investment then Penrith Building Society’s Instant Access Shares account may suit you. The account does not impose any restrictions on the number of withdrawals you can make and you can complete a deposit at any point.

The account has some of the best monthly interest high street banks have to offer. The account has many attributes that may make it an attractive option to students, young professionals, over 50s, those looking towards retirement and retired individuals. Penrith Building Society opens their account to everyone above 18, which makes their Instant Access Shares account available as a savings account for over 60s.

Features include:

  • Competitive interest rates
  • Open an account with just £10
  • Maximum balance of £150,000
  • Easy saver rates
  • Manage your accounts instantaneously with online access

Review our table above to compare the Penrith Building Society savings account with other instant access high street savings accounts.

Quick online application setup from Penrith Building Society 

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.

Savings accounts' interest rates fail to match or beat inflation, which means savers are losing money in real terms. Despite the vast number of savings accounts available in the UK, there are none that provide any substantial financial advantage. This is because savings accounts’ interest rates are heavily determined 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

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.