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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 1.42%

Why we like it: 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)

Nationwide
Cash ISA Nationwide
Min deposit £1
Term Instant Access
Interest AER 1.30%

Why we like it: Tax free ISA account. Open with £1 or transfer in existing ISA funds. Invest up to £20,000 per tax year. Interest can be paid into account, alternative Nationwide savings or current account, or an external current account. Must be UK resident and aged 16 or older. Headline interest rate applicable if no more than 1 withdrawal per account year, fFor 2 or more withdrawals the interest rate drops to 0.50% AER. FSCS Protected

Aldermore
Notice Cash ISA Aldermore
Min deposit £1000
Term 30 Day Notice
Interest AER 1.30%

Why we like it: Unlimited withdrawals subject to 30 days notice.

Aldermore
Easy Access Account Aldermore
Min deposit £1000
Term Easy Access
Interest AER 1.25%

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.

Santander
123 Current Account Santander
Open With £500
Account Type Current Account
Interest AER 1.50%

Why we like it: Earn 1.50% AER (variable) interest on balances up to a maximum of £20,000. Up to 3% CASHBACK on various household bills. Monthly fee of £5. Must pay in £500 pm.

Shepshed Building Society Instant Access Savings Accounts

Shepshed Building Society used to offer both personal and business banking services, including high interest instant access savings accounts. From July 2013, Shepshed Building Society merged with Nottingham Building Society.

Shepshed Building Society Instant Access Account

As all of the high interest accounts that used to be with Shepshed Building Society are now with Nottingham Building Society, if you would like a savings account similar to the account previously offered by Shepshed Building Society then Nottingham Building Society’s Branch Instant account may be suitable for you. The account provides instant access to your savings, whilst giving you competitive interest. In addition, you can make a deposit at any point and there are no withdrawal restrictions.

Nottingham Building Society’s Branch Instant account has some of the best monthly interest that high street banks have to offer, due to its competitive interest rates. It has many attributes that make the Branch Instant account suitable for students, young professionals, over 50s, those look toward retirement and retired individuals. Also, the Branch Instant account has no age restrictions and is well suited to use as a savings account for over 60s. 

Features include:

  • Competitive interest rates
  • Open an account with just £1
  • Maximum balance of £750,000
  • Unlimited withdrawals
  • Easy saver rates 
  • Manage your accounts instantaneously with online access

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

Quick online application setup from Nottingham 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.

The interest rates offered by savings accounts fail to give savers enough interest to counter the adverse effect of inflation. As a result, people are losing money in real terms. In the UK there are hundreds of savings accounts available to the general public; however, none of them provide any real financial advantage. This is because the Bank of England’s base rate is usually used as a template for the 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.

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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