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Top 5 cracking easy-access savings accounts

Top 5 cracking easy-access savings accounts

Category: Savings

Updated: 28/10/2013
First Published: 28/10/2013

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5 cracking easy access accounts

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.

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.

Here are the current top paying easy-access accounts that do not include an introductory bonus.

Top 5 easy access savings accounts without bonuses:

Coventry BS
Coventry BS
Online Saver (5)

1.60% AER
  • Minimum investment of £1
  • No advance notice needed to withdraw funds
  • 4 free withdrawals a year
  • 50 days' loss of interest penalty if 5 or more withdrawals are made
  • Account must be opened and operated online

Penny saysPenny says…
"Heading up the no-notice market is this deal from Coventry BS offering a top rate of 1.60% on a minimum investment of only £1.

"Savers must remember that, although no notice is needed to access funds, only four penalty-free withdrawals are permitted per year."

West Brom BS
West Brom BS
Branch Easy Access Saver Issue 3

1.60% AER
  • Minimum investment £1,000
  • No advance notice needed to access funds
  • 2 free withdrawals a year
  • 60 days' loss of interest if 3 or more withdrawals made
  • Account can be operated online only

Penny saysPenny says…
"In joint first is this account from West Brom that will also appeal to internet-savvy savers.

"Investors must take note that this product only permits two penalty-free withdrawals per year; any above this will incur a 60 days' loss of interest penalty."


Earl Shilton BS
Heritage

1.60% AER/Gross
  • Minimum investment £1,000
  • No advance notice needed to access funds
  • 4 free withdrawals a year
  • 0.10% interest paid if more than 4 withdrawals made per annum
  • Account can be operated in branch and by post

Penny saysPenny says…
"Paying another top three rate is this account from Earl Shilton BS.

"Investors must take note that this product only permits four penalty-free withdrawals per year; any above this will and the rate will revert to 0.10%."

Investec Specialist Bank
Investec Specialist Bank
E-asy Access Account

1.55% AER

  • Minimum investment £25,000
  • No advance notice needed to access funds
  • Unlimited penalty-free withdrawals
  • Maximum investment £250,000
  • Account can be operated by telephone and online

Penny saysPenny says…
"Investec's E-asy Access Account offers a top rate to savers with at least £25,000 to invest.

"As an added bonus, savers will be able to make unlimited penalty-free withdrawals from this account."


ICICI Bank UK
HiSAVE Remittance Account

1.50% AER/Gross
  • Minimum investment £1
  • No advance notice needed to access funds
  • All withdrawals via nominated account
  • Account can only be operated online

Penny saysPenny says…
"In fifth spot is ICICI Bank's HiSave account offering 1.50% on a minimum investment of £1.

"Savers must remember that all withdrawals will need to be made via a nominated account."

Information & Rates correct as at: 28/10/2013

What Next?

Compare the best savings rates
Search all easy access savings accounts
Compare easy access savings accounts (with bonus)

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.

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