Compare Easy Access Savings
Our easy access savings accounts tables will allow you to quickly identify the highest savings rates for accounts with the ability to access your funds instantly if you require it.
- Minimum balance £1000
- Deposits can be made by internet banking, telephone or post
- No notice period or penalties for withdrawals
- YOUR SAVINGS ARE PROTECTED UP TO £75,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme
Banking & Savings Account Guides
A new service called 'Paym', due to launch in April 2014, will allow 40 million current account holders to make payments using just a mobile ...
Wed 2nd Apr, 2014
Forthcoming changes to ISA regulations will come into effect on 1 July, well into the 2014/15 tax year. So, how will your allowance be affected ...
Fri 28th Mar, 2014
UK residents over the age of 16 can build up their tax-free savings by investing into an ISA. With a new limit of £15,000 per year, you could ...
Thu 27th Mar, 2014
All savings deposited in ISAs remain tax-free as long they remain under the coveted veil of an ISA. But savers can transfer ISA funds from one ...
Thu 27th Mar, 2014
A seven-day switching system introduced in September has made it easier than ever to switch current accounts. Read on to discover more about the ...
Fri 10th Jan, 2014
Interest returns on easy-access accounts are pretty dismal at the moment. So, all things considered, are current accounts now the answer? ...
Wed 30th Oct, 2013
- Easy access can mean lower rates
It is possible to obtain higher rates on your savings by given up some form of access to them. Banks do not value deposits that could be drawn out at anytime as highly as deposit which they know will be with them for a specified period of time. This allow the bank to structure their lending of your deposits better so that they can apply greater leverage to your deposit.
- Your deposits will be protected by the Financial Services Compensation Scheme (FSCS)
Any bank trading in the UK has to be a member of the Financial Services Authority by law. All FSA members are covered by the Financial Services Compensation Scheme.
However under European law, any banks offering a higher level of protection in their state of incorporation are not permitted to be part of the UK FSCS.
This means that should the bank go out of business, compensation will be paid to all its depositors for up to 100% of the first £85,000 of a depositor's total deposits with the bank. Where two depositors hold a joint account, each depositor will receive a maximum of £85,000 compensation in respect of the claim, providing a total of £170,000 protection.