Best Easy Access Savings Rates 2024
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Posted: 15th November 2024
Andrew Palmer
Last Updated 15th November 2024
Best Easy Access Savings Rates 2024
Choosing the right savings account can maximize your returns while providing flexibility. Below, we’ve compiled the best easy access savings accounts for 2024, divided into online and branch-based options. These tables highlight rates for different tax brackets and include essential details to help you make informed decisions.
Bonus Accounts with Rates Including a First-Year Bonus
If you're looking for easy access savings accounts with an added incentive, these bonus accounts pay an elevated interest rate for the first 12 months or more. Below are some of the top-performing bonus accounts available.
| Provider | Account Name | Minimum Investment | Interest Rate (AER) | After 20% Tax (%) | After 40% Tax (%) | Bonus Details |
|---|---|---|---|---|---|---|
| Cahoot | Sunny Saver | £1–£3,000 | 5.00% | 4.00% | 3.00% | Includes a bonus for the first 12 months. |
| Principality Building Society | Online Bonus Triple Access 4 | £1+ | 4.85% | 3.88% | 2.91% | Limited to three withdrawals per year. |
| Chip | Easy Access Account | £1+ | 4.75% | 3.80% | 2.85% | Limited to three withdrawals per year. |
| Leeds Building Society | Limited Issue Online Access 64 | £1,000+ | 4.65% | 3.72% | 2.79% | Limited to five withdrawals per year. |
| Co-operative Bank | Select Saver 3 | £1+ | 4.59% | 3.67% | 2.75% | Interest rate drops to 1.25% after 12 months. |
| Tandem | Instant Access Saver | £1+ | 4.40% | 3.52% | 2.64% | Available through mobile app only. Bonus includes 0.25% for the first year. |
| Cynergy Bank | Online Easy Access 82 | £1+ | 4.60% | 3.68% | 2.76% | Tracks Bank of England base rate minus 0.4% until November 2025. |
Key Considerations
- Bonus Period: Ensure you understand when the bonus expires and what the interest rate will revert to afterward.
- Withdrawal Limits: Some accounts impose restrictions on how often you can withdraw without affecting your bonus or interest rate.
- Accessibility: Some accounts, like Tandem, require mobile app usage, which may not suit everyone.
These bonus accounts are a great way to maximize your returns for the first year, especially if you're saving a lump sum or planning minimal withdrawals. Always check the provider's terms and conditions for the latest updates.
Online Accounts - Easy Access
| Provider | Account Name | Minimum Investment | Interest Rate (AER) | Interest After 20% Tax | Interest After 40% Tax | Additional Information |
|---|---|---|---|---|---|---|
| Furness Building Society | Double Access Saver 1 | £1+ | 4.90% | 3.92% | 2.94% | Limited to two withdrawals per year |
| Atom Bank | Instant Saver Reward | £1+ | 4.85% | 3.88% | 2.91% | No withdrawal restrictions |
| Monument Bank | Easy Access Account | £25,000+ | 4.81% | 3.85% | 2.89% | No withdrawal restrictions |
| Ford Money | Flexible Saver | £1+ | 4.75% | 3.80% | 2.85% | No withdrawal restrictions |
| Paragon Bank | Double Access Saver | £1,000+ | 4.75% | 3.80% | 2.85% | Limited to two withdrawals per year |
| Penrith Building Society | Limited Access E-Saver 1 | £1+ | 4.71% | 3.77% | 2.83% | Limited to five withdrawals per year |
| Close Brothers | Easy Access 5 | £10,000+ | 4.70% | 3.76% | 2.82% | Limited to six withdrawals per year |
| Family Building Society | Market Tracker Saver | £500+ | 4.65% | 3.72% | 2.79% | No withdrawal restrictions |
| Secure Trust Bank | Access Account 19 | £1+ | 4.65% | 3.72% | 2.79% | No withdrawal restrictions |
| Chetwood Bank | Easy Access Account | £1+ | 4.61% | 3.69% | 2.77% | No withdrawal restrictions |
| Scottish Building Society | E-Saver Plus 3 | £100+ | 4.61% | 3.69% | 2.77% | Limited to three withdrawals per year |
| Investec | Flexi Saver | £5,000+ | 4.60% | 3.68% | 2.76% | No withdrawal restrictions |
| RCI Bank | Freedom Savings | £100+ | 4.60% | 3.68% | 2.76% | No withdrawal restrictions |
| The Co-operative Bank | Select Saver 3 | £1+ | 4.59% | 3.67% | 2.75% | Limited to one withdrawal per calendar month |
| Aldermore | Double Access 3 | £1,000+ | 4.55% | 3.64% | 2.73% | Limited to two withdrawals per year |
| OakNorth Bank | Limited Edition Easy Access | £20,000+ | 4.50% | 3.60% | 2.70% | No withdrawal restrictions |
| Kent Reliance | Easy Access 75 | £1,000+ | 4.35% | 3.48% | 2.61% | No withdrawal restrictions |
| Yorkshire Building Society | Easy Access Saver 2 | £1+ | 4.35% | 3.48% | 2.61% | No withdrawal restrictions |
| Charter Savings Bank | Easy Access 55 | £1+ | 4.31% | 3.45% | 2.59% | No withdrawal restrictions |
| Shawbrook Bank | Easy Access | £1,000+ | 4.15% | 3.32% | 2.49% | No withdrawal restrictions |
Key Considerations
- Interest Rates: Compare AERs and check if the rate includes a temporary bonus. Understand the standard rate after the bonus expires.
- Withdrawal Limits: Some accounts allow unlimited withdrawals, while others impose limits or penalties for exceeding a certain number.
- Accessibility: Ensure you’re comfortable managing the account entirely online or via a mobile app, as these accounts typically lack branch services.
Online accounts offer convenience and competitive rates, making them ideal for digitally savvy savers. Always verify terms and conditions before opening an account.
Branch-Based Accounts – Instant Access
| Provider | Account Name | Minimum Investment | 0% Tax (%) | 20% Tax (%) | 40% Tax (%) | Notes | Link |
|---|---|---|---|---|---|---|---|
| Furness Building Society | Double Access Saver 1 | £1+ | 4.90 | 3.92 | 2.94 | Limited to two withdrawals per year. | Visit Furness BS |
| Family Building Society | Market Tracker Saver | £500+ | 4.65 | 3.72 | 2.79 | Tracks market rates; no withdrawal restrictions. | Visit Family BS |
| Scottish Building Society | Saver Plus | £100+ | 4.61 | 3.69 | 2.77 | Limited to four withdrawals per year. | Visit Scottish BS |
| Monmouthshire Building Society | Limited Access Saver 2 | £1+ | 4.45 | 3.56 | 2.67 | Limited to six withdrawals per year. | Visit Monmouthshire BS |
| Cambridge Building Society | Your Saver | £100+ | 4.40 | 3.52 | 2.64 | Limited to one withdrawal per calendar month. | Visit Cambridge BS |
| Yorkshire Building Society | Rainy Day Saver Issue 2 | £1+ | 4.35 | 3.48 | 2.61 | Limited to two withdrawals per year. | Visit Yorkshire BS |
| Coventry Building Society | Triple Access Saver 4 | £1+ | 4.33 | 3.46 | 2.60 | Limited to three withdrawals per year. | Visit Coventry BS |
| Chorley Building Society | Easy Access Saver | £500+ | 4.25 | 3.48 | 2.61 | Limited to two withdrawals per year. | Visit Chorley BS |
| Kent Reliance | Easy Access Account Issue 75 | £1,000+ | 4.35 | 3.48 | 2.61 | No withdrawal restrictions. | Visit Kent Reliance |
| Tipton & Coseley Building Society | Double Access Saver | £1,000+ | 4.35 | 3.48 | 2.61 | Limited to two withdrawals per year. | Visit Tipton BS |
| Newcastle Building Society | Double Access Saver 3 | £1+ | 4.25 | 3.40 | 2.55 | Limited to two withdrawals per year. | Visit Newcastle BS |
| The Melton Building Society | Limited Access Saver | £1,000+ | 4.25 | 3.40 | 2.55 | Limited to three withdrawals per year. | Visit Melton BS |
| Dudley Building Society | Easy Access Saver 7 | £250+ | 4.00 | 3.24 | 2.43 | No withdrawal restrictions. | Visit Dudley BS |
| Leeds Building Society | Five Access Saver Issue 2 | £5,000+ | 4.00 | 3.20 | 2.40 | Limited to five withdrawals per year. | Visit Leeds BS |
| Newbury Building Society | Welcome to Newbury | £50+ | 4.00 | 3.20 | 2.40 | Available to new customers within the local area. | Visit Newbury BS |
| Swansea Building Society | Instant Access Saver | £1+ | 4.00 | 3.20 | 2.40 | No withdrawal restrictions. | Visit Swansea BS |
| Harpenden Building Society | Triple Access Saver | £100+ | 3.90 | 3.12 | 2.34 | Limited to three withdrawals per year. | Visit Harpenden BS |
| Nottingham Building Society | Triple Access Saver | £1,000+ | 3.90 | 3.04 | 2.28 | Limited to three withdrawals per year. | Visit Nottingham BS |
| Buckinghamshire Building Society | Triple Access Saver | £100+ | 3.75 | 3.00 | 2.25 | Limited to three withdrawals per year. | Visit Buckinghamshire BS |
| Cumberland Building Society | Instant Savings Account Issue 8 | £100+ | 3.65 | 2.92 | 2.19 | No withdrawal restrictions. | Visit Cumberland BS |
| Bath Building Society | Instant Access Saver | £1+ | 3.64 | 2.91 | 2.18 | No withdrawal restrictions. | Visit Bath BS |
| Scottish Building Society | Instant Access Saver | £1+ | 3.60 | 2.88 | 2.16 | No withdrawal restrictions. | Visit Scottish BS |
| Marsden Building Society | Branch Saver Issue 14 | £25+ | 3.55 | 2.84 | 2.13 | No withdrawal restrictions. | Visit Marsden BS |
For those who prefer in-person banking, branch-based accounts offer competitive rates and easy access to your savings. Below are the best options currently available, sorted by interest rates and features.
These accounts do not include a temporary bonus rate that expires after a year, offering consistent returns.
For savers who prefer in-person banking, several branch-based accounts offer competitive interest rates and easy access to funds. Below is a selection of such accounts, detailing their features and interest rates.
Key Considerations:
- Withdrawal Restrictions: Some accounts limit the number of withdrawals you can make without penalty. Ensure the account's terms align with your anticipated needs.
- Eligibility Criteria: Certain accounts may have eligibility requirements, such as age restrictions or regional availability.
- Interest Rates: Rates are subject to change. It's advisable to verify the current Annual Equivalent Rate (AER) directly with the provider before opening an account.
Selecting the right branch-based savings account depends on your individual financial goals and preferences. Review the terms and conditions of each account to ensure it meets your needs.
