Easy-access savings accounts allow you to access your money whenever you need it, without having to give advance notice to your savings provider.
They are the most flexible type of savings account, letting you pay into them at any time, and can be the perfect place to build up that emergency fund.
But you must remember to check an account's terms and conditions in case there are any withdrawal restrictions to ensure it suits your financial and lifestyle needs.
For example, don't opt for a high-paying deal which penalises for numerous withdrawals if you feel you will be regularly accessing your cash – it's all about finding an account that works for you.
If you don't want to change your account every year it's often best looking for one that comes without a short-term bonus too, so with that in mind here are the current top-paying easy-access accounts that do not include an introductory bonus.
Penny says…"Comfortably taking the top spot, and by a pretty large margin, is this deal from Britannia paying 1.65% on a minimum investment of £500.
"It offers savers the chance to make further additions whenever they wish, however they should be aware that, although no notice is needed to access funds, only four penalty-free withdrawals will be allowed per calendar year."
"In second place is the Triple Access account from Yorkshire BS, offering a competitive rate of 1.40%.
"Additional deposits are allowed without restriction, however savers must remember than only three withdrawal days are permitted per year."
"Again paying 1.40% on a minimum investment of £100, Earl Shilton's account easily makes the top three.
"Additions are permitted, however although a higher number of withdrawals are allowed, any more than six will result in a considerable rate cut of 1.30%."
Penny says… "In fourth spot is this deal from Coventry, a postal-operated account offering 1.40% on a minimum initial investment of £500.
"Savers can make additional deposits at any time and are allowed up to 12 withdrawals per year, however any more will result in a 30 day loss of interest penalty."
Penny says… "National Counties BS secures a top five spot with its 2nd Issue Branch Saver, offering 1.36% AER from a minimum deposit of just £1. However, savers should note that the headline rate will only be offered on balances of £500 and above – any less will garner a rate of 0.50%.
"The added flexibility of both withdrawals and additional deposits being permitted adds to the appeal, with this instant access account having no limit on the number of withdrawals that can be made."
Information & Rates correct as at: 06.06.2014
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.
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.