All offers require a minimum of £25 or under to open the account. This means they could be the perfect option for savers who are looking to eke out their tax-free ISA allowance of £20,000.
Paragon Bank, however, gives its customers the option to have their interest paid monthly or on anniversary. Savers can also choose whether to have their interest paid away or compounded but will have to open and manage this account online.
It is important for these customers to keep to a maximum of three withdrawals in every 12 month period. This is because on the fourth withdrawal Paragon Bank will reduce your rate to 0.25%.
As for the other offers, Ecology Building Society pays its interest yearly, it does allow its savers to choose whether their interest is compounded or paid away.
Customers can open and manage their account online or via post, with withdrawals from a minimum of £25 also permitted.
Finally, Melton BS compounds its interest yearly and allows its users to withdraw their funds without restrictions. Users can open this account at a branch or via post.
To compare these offers in more detail, consider visiting our charts.
