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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.

Progressive Building Society Instant Access Savings Accounts

Progressive Building Society offers both business and personal banking services. They have a wide range of high interest accounts available including high interest instant access savings accounts.

Progressive Building Society Investment Share Account

The Progressive Building Society Investment Share account provides you with comparatively strong interest, along with the benefit of instant access to your savings. The account gives you the freedom to make a deposit at your convenience and withdraw up to £250 in cash per day (any larger amounts must be withdrawn by cheque).

The account has some of the best interest rates available today and provides the best monthly interest that high street banks have to offer.  The Investment Share account has features that make it ideal for students, young professionals, over 50s, those looking towards retirement and retired individuals. 
Progressive Building Society ensure that they can provide banking services to all ages, which is why their Investment Share account is a suitable savings account for over 60s.

Features include:

  • Competitive interest rates
  • Open an account with just £100
  • Maximum balance of £1 million
  • Unlimited withdrawals
  • Easy saver rates
  • Manage your accounts instantaneously with online access

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

Quick online application setup from Progressive 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. 

Savers are losing money in real terms, as interest rates provided by savings account continue to fail to match inflation. There is a large number of savings accounts available in the UK; however, none of them provide the saver with a significant financial advantage. This is because the base rate set by the Bank of England is often used as the basis for savings accounts’ interest rates. 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.

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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