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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.

Vernon Building Society Instant Access Savings Accounts

Vernon Building Society specialises in business and personal banking services. They have a variety of accounts including high interest instant access savings accounts.

Vernon Building Society Instant Access Account

If you require a high interest account with competitive interest as well as instant access to your savings then the Vernon Building Society Instant Access account may be your best option. The Instant Access account from Vernon Building Society has no restrictions on withdrawals and you can make a deposit whenever you like, giving you complete control over your savings.

The Vernon Building Society Instant Access account has competitive interest rates and provides some of the best monthly interest that high street banks have to offer. The account boasts many features that may make it an attractive option for students, young professionals, over 50s, those looking towards retirement and retired individuals. Vernon Building Society have no age restrictions when it comes to their accounts. Therefore, their Instant Access account can be used as a savings accounts for over 60s.

Features include:

  • Competitive interest rates
  • Minimum operating and opening balance £10
  • Maximum balance of £250,000
  • Unlimited withdrawals
  • Easy saver rates 
  • Manage your accounts instantaneously with online access

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

Quick online application setup from Vernon 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.

Savings accounts’ interest rates no longer match inflation, let alone beat it, which means people are losing money in real terms. There are plenty of savings accounts available in the UK; however, the majority of them fail to give savers any significant financial advantage. This is because savings accounts’ interest rates are determined by 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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