Product focus: Instant access accounts - Savings - News - Moneyfacts


Product focus: Instant access accounts

Product focus: Instant access accounts

Category: Savings

Updated: 17/12/2012
First Published: 16/02/2012

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Savers looking for short-term access to money will be best suited to an instant access savings account.

These accounts often include introductory bonuses which make up a large portion of the overall rate and run for a limited period, usually twelve months. Once the bonus period expires, the rate will reduce so savers must make a note as when this will be to avoid losing any return on the funds.

Here is a selection of some of the best instant access accounts with introductory bonuses.

Nationwide Building Society - MySave Online Plus Issue 4

  • This online account pays a monthly rate of 3.08% including a bonus of 1.58% for twelve months.
  • Savers can invest between £1,000 and £3 million.
  • Funds can be accessed without advance notice or penalty, although if more than one withdrawal is made within a twelve month rolling period, the rate will revert 0.10% during which the withdrawal was made.
  • The account can be operated online only by savers aged 16 and over.

Santander - eSaver Issue 4

  • The eSaver account pays a rate of 3.10% on its anniversary including a bonus of 2.60% variable bonus of 2.60% for twelve months.
  • A monthly interest option is available at 3.06% including a bonus of 2.56% for twelve months.
  • Investments range between £1 and £2 million.
  • Funds can be accessed without advance notice or penalty.
  • The account is available to savers aged 16 and over and can be operated online and by telephone.

Skipton Building Society - Online Bonus Saver

  • This account pays 3.05% on its anniversary including a bonus of 1.55% for twelve months.
  • Savers can invest between £1,000 and £1 million.
  • No advance notice is required to access funds, although all withdrawals must be made via the internet to a nominated external account or internal transfer to a Skipton Building Society account.
Find the best savings accounts for you - compare savings accounts with bonuses

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Savings being used as a festive financial buffer

Good news from RCI Bank UK – its latest research shows that many of us are saving more than we were a year ago, but the question is, will you be dipping into that buffer to cover the cost of Christmas?

6 of the best easy access savings accounts

Easy-access savings accounts are as simple as they sound – they allow you to access your money whenever you need it, without having to give advance notice, and they also allow you to pay into them at any time. Here are six of the best.

Start saving for Christmas… 2017!

Christmas is just around the corner and our annual festive splurging is starting to step up, but are you prepared? It may be too late to start saving for this year’s festive spend, but it’s never too early to start for next year’s!