This comparison simply includes all savings accounts.
Scottish Widows Bank Instant Access Savings Accounts
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)
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.
Scottish Widows Instant Access Savings Accounts
Scottish Widows Bank provides both business and personal banking services. They have a wide range of savings accounts available with flexible access to your money, including high interest instant access savings accounts.
Scottish Widows Bank Instant Saver Account
The Scottish Widows Instant Saver account is one of their high interest accounts and it might be a viable option for you, if you require an account that has competitive interest but also benefits from instant access.
The Instant Saver account allows you to make unlimited withdrawals from your savings without incurring any penalty charges; in addition, you can make a deposit at any time. The Instant Saver from Scottish Widows allows you to access competitive interest whilst staying flexible with your savings.
The Scottish Widows Bank Instant Saver account provides some of the highest monthly interest on offer in high street banks. The account is suitable for students, young professionals, over 50s, those looking towards retirement and retired individuals. Scottish Widows have a wide range of have accounts, which makes them well equipped to provide savings accounts for over 60s.
- Competitive interest rates
- Open an account with just £100
- Maximum balance £1 million
- Unlimited withdrawals
- Easy saver rates
- Manage your accounts instantaneously with online access
Review our table above to compare the Scottish Widows Bank savings account with other instant access high street savings accounts.
Quick online application setup from Scottish Widows Bank
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 are not high enough to match inflation, let alone beat it, which means that peoples’ money is eroding in real terms. There are many savings accounts available on the high street; however, none offer any financial advantage. This is because interest rates that are provided by savings accounts are heavily dependent on 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