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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 1.37%

Why we like it: No notice period. Deposit from £100. Interest paid monthly or annually. Apply in minutes.

Oak North
Easy Access Account Oak North
Min deposit £1000
Term Instant Access
Interest AER 1.30%

Why we like it: Unlimited deposits and withdrawals. Save from £1,000 to £250,000. Interest paid monthly. Eligible deposits covered by UK FSCS.

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.

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.

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.

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.

Tesco Instant Access Savings Accounts

Tesco are widely known for their success in retail, but they also provide business and personal banking services. They have a range of accounts available with flexible access to your money, including high interest instant access savings accounts.

Tesco Instant Access Savings Account

If you need a flexible savings account that can provide competitive interest rates and instant access to your savings, you may want to consider the Tesco Instant Access Savings account.

This high interest account allows you to make a deposit whenever you want and gives you the ability to withdraw a substantial amount of your savings per day. It also gives you access to some of the best monthly interest that high street banks have to offer.

It is important to note that Tesco Instant Access Savings account does have the following withdrawal limits:

  • Telephone: You can withdraw all of your money over the phone
  • Online: £10,000 to non-Tesco Bank accounts in the UK and £100,000 by making internal transfers to other Tesco Bank accounts in your own name
  • In-store: £500
  • ATM: £300

The account has many attributes, which makes it well suited to students, young professionals, over 50s, those looking towards retirement and retired individuals. There is no age restriction to open a Tesco Instant Access account, which makes it a perfect savings account for over 60s.

Features include:

  • Competitive interest rates
  • Open an account with just £1
  • No maximum balance
  • Unlimited withdrawals
  • Easy saver rates 
  • Manage your accounts instantaneously with online access

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

Quick online application setup from Tesco

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 savings accounts currently available in the UK do not provide interest high enough to counter the effect of inflation or even match it. This means that peoples’ savings are eroding in real terms. This is because the savings accounts’ interest rates are based on the Bank of England’s base rate. 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

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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.