Easy Access Savings Accounts

Choose a type of savings account to compare from the list below

Easy access savings accounts (variable rate)

	Account	Interest (AER) The account’s Annual Equivalent Rate: shows the interest you will earn over a year as a percentage. If interest is paid monthly, this rate will be higher than the gross interest rate (as the interest will be compounded).	Interest Paid This shows how often the interest is calculated and paid.	Account Type / Term Type of savings account and length of account term (if applicable).	Account Access Online - Access via internet banking. Telephone - Access via telephone banking. Branch - Access via your local branch. Post - Postal access.	Min / Max Balance Some accounts have minimum and maximum balances. If the account holder’s balance falls outside these limits they may be subject to interest penalties or account closure.
	RBS Direct Saver	1.00%	Yearly	Easy Access	OnlineTelephoneBranchPost	£1 - No limit	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit £1 Permanent UK Resident Yes Minimum Age 18
	NatWest e-Savings	1.00%	Monthly	Easy Access	OnlineTelephoneBranchPost	£1 - No limit	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit £1 Permanent UK Resident Yes Minimum Age 16

Accounts with an asterisk next to the AER interest have a bonus applied to the interest rate, place your mouse cursor over the asterisk to view the bonus.

More about easy access savings accounts

In our easy access section you'll find some savings accounts that let you draw out your money without giving any notice, others where you can draw out as much money as you like in any one transaction and more still that allow you to do both.

The price you pay for this kind of freedom is a lesser interest rate, meaning you get a lower return on your money. However, the rate you do get it is likely to be bigger than with a current account, as well as separating it from your living funds. Therefore it's definitely worth putting any rainy day cash away into an easy access account.

Just like any other type, an easy access savings account should be held as a portfolio of different banking products, made up to suit your unique financial situation. This could also potentially include current accounts, fixed term investments, and regular savings.

If you think that you might need to call on any or all of your savings, at any time, then you'll need to go for the completely free access option. If, though, you're fairly confident that you'll only need to draw on it, say, once or twice in a year, you can go for an account with a limited number of withdrawals of any amount. Finally, vice versa, you may want to take money out sporadically but know it will never be more than a certain amount - you'll usually find an account on the market to fit.

If you do have limited withdrawals and you need to break the terms you usually can - but your interest will be penalised!

Find out more about different types of savings accounts in our guide.

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