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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 0.57%

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)

Plum
Easy Access Account Plum
Min deposit £0
Term 1 Day Notice
Interest AER 0.6%

Why we like it: You need to download the Plum Savings App and sign up for the Plum Plus or Plum Pro subscription to access 0.60% AER. Plum can help you save automatically. Interest is calculated daily but is applied to your account monthly. Your money is covered by the FSCS up to £85,000, if the scheme applies to you. If you would deposit £1,000 into your savings account, without adding or withdrawing any money throughout the year, you would have a predicted £1,006 in your account at the end of the year (at 0.60% interest). Interest accounts are provided by Investec Bank, who have the right to change the rate at any time. Must be UK resident. Must be aged 18 or older

Aldermore
Easy Access Account Aldermore
Min deposit £1000
Term Easy Access
Interest AER 0.5%

Why we like it: Balances from £1,000 to £1 million. Unlimited withdrawals without restriction or loss of interest. Eligible deposits covered by UK FSCS.

RCI Bank
95 Day Notice Account RCI Bank
Min deposit £1000
Term 95 Day Notice
Interest AER 0.65%

Why we like it: Unlimited withdrawals subject to 95 days notice.

HSBC
Advance Current Account HSBC
Open With £1750
Account Type Current Account
Interest AER 2.75% Regular Savings

Why we like it: SPECIAL OFFER - £125 for SWITCHING to an HSBC Advance Account.Earn 2.75% AER/gross when you save between £25 and £250 per month. Arranged overdraft limit of at least £1,000 on account opening. Money banking app. No monthly account fee. Easy switching with the Current Account Switch Service. Must be 18 or older and be UK resident. Must pay in £1,750 per month or £10,500 over 6 months. Must be approved for an arranged overdraft of £1,000+. Get the £125 when switching to an HSBC Advance Account as a new customer with at least 2 Direct Debits or standing orders. Eligibility criteria and T&C’s apply. Offer may be withdrawn anytime

Santander
123 Current Account Santander
Open With £500
Account Type Current Account
Interest AER 0.6%

Why we like it: Earn 0.60% 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.

Features include:

  • 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 

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.