Best easy-access savings accounts – earn up to 5.1%

Easy-access savings accounts are a good option for savers who want minimal restrictions on their cash, allowing them to dip in and out of their savings as they like.

Currently, the top easy-access rate is 5.1% AER from Chip. If you want to lock in rates before they drop, you can opt for a one-year fixed savings account.

Savers will want to get the best savings rates available after the Bank of England cut interest rates in August. But you will need to take advantage quickly before the top deals are gone.

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To help you find the best rates, we've rounded up the best easy-access savings accounts available on the market.

All the banks featured here are protected by the Financial Services Compensation Scheme (FSCS), meaning up to £85,000 of your savings are protected should a bank or financial firm go bust.

Best easy-access savings accounts

Best easy-access

Chip Instant Access Account – 5.1% AER

New customers can earn a boosted rate of 5.1% with Chip’s Instant Access account for three months. After that, the rate will drop to 3% AER (variable).

Customers need to deposit a minimum of £1 into the account. You can save up to £1 million, but only £85,000 is eligible for FSCS protection.

You can also get a £10 cash bonus if you open a Chip Instant Access Account before midnight on 7 August. All you need to do is deposit at least £1 and enter the promo code TENCHIP.

Interest is paid monthly, and you can open the account through the mobile app.

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Chase Saver With Boosted Rate – 5% AER

You can earn a 5% boosted rate within your first 31 days of opening a Chase saver. It includes an extra 2.25% AER boost for 12 months on top of the standard variable rate.

There is no minimum deposit requirement, and you can go up to £3 million. This offer is only available to new customers who joined after 9 June 2025. Interest is paid monthly, and the account can be opened online.

Oxbury Bank Easy Access Bonus Base Rate Tracker 1 – 4.61% AER

With Oxbury’s limited edition easy access account, you can save anywhere between £1,000 and £500,000. It includes a bonus rate of 0.7% until 18 October 2025.

Only £85,000 of your funds are eligible for FSCS protection. You can make same-day withdrawals provided that you do it before 1pm on a working day. You can open this saver online, and interest is paid at maturity.

Atom Bank Instant Saver Reward – 4.6% AER

With Atom Bank, there is no minimum opening deposit, and you can go up to £100,000. But keep in mind that only £85,000 of your deposit will be protected by the FSCS.

If you make a withdrawal, the rate you earn drops to 2.5%. Interest is paid at maturity, and you can open the saver on the Atom app.

Snoop Easy Access Savings Account – 4.6% AER

With this variable savings account, you can start saving from just £1 and go up to £85,000. You can get your money on the same working day if you make a request before 11am. There are no restrictions on withdrawal.

It's worth noting that Snoop is not a bank, and your money will instead be held with Vanquis Bank Limited. However, your savings will be FSCS protected.

Interest is calculated and paid daily, and you can open the account online.

Cahoot Simple Saver – 4.55% AER

Open this easy access saver with just £1 and save a maximum deposit of £2 million. But note, you can only earn the variable ate on balances up to £500,000.

You can open this account online. Interest is paid at maturity.

West Brom Building Society Four Access Saver – 4.55% AER

With this saver, you can earn 4.55% on balances from £1 to £1 million. When depositing higher amounts, bear in mind that the FSCS only protects £85,000.

You can make up to three penalty-free withdrawals in a year. If you go above your withdrawal limit, you will be subject to a lower savings rate. The account can be opened online, and interest is paid annually.

Revolut Instant Access Savings - Ultra - 4.5% AER

With Revolut’s variable savings account, you can earn 4.5% on your cash. There is no minimum deposit requirement and you can save up to £200,000.

However, it’s worth noting that you can only get this rate with Revolut’s Ultra plan, which costs £45 per month. Plus, ClearBank powers Revolut’s savings account, so customers are still eligible for FSCS protection for up to £85,000 of their savings via ClearBank Limited.

Interest is paid daily. The account can be opened through the Revolut app.

Skipton BS Branch Bonus Saver – 4.5% AER

This easy-access account pays a variable interest rate of 4.5%, and comes with an introductory bonus of 1.70%, fixed for 12 months. You can open this account with a £1,000 deposit, and you can save up to £50,000.

The account can be opened and managed online, in branch, by post or over the phone. Interest is paid at maturity.

Principality Building Society Online Bonus Triple Access – 4.45% AER

Starting with an investment of just £1, this easy-access saver allows you to save up to a maximum of £1 million at 4.45% interest. This rate includes a 1.7% (variable) bonus for the first 12 months.

You can withdraw money from this account three times a year without affecting the interest rate. The account can be opened online.

Kent Reliance Easy Access Account – 4.41% AER

This account requires a minimum deposit of £1,000, and you can save up to £1 million. After opening the account, you must keep a minimum balance of £1 at all times.

You can open the account online or in the branch, and you can opt for interest to be paid monthly or annually.

How do easy-access accounts work?

Easy-access savings accounts let you flexibly save your cash, by making as many withdrawals as you like without incurring a penalty.

You will earn a variable interest rate, which means that the provider can increase or decrease the rate on your savings account as they choose, which is usually the case when the Bank of England cuts the base rate.

If a market-leading account that you opened a few months ago is not offering a good rate anymore, it's worth shopping around regularly to ensure your savings are working as hard as possible.

When can I withdraw money with easy-access accounts?

Traditionally, easy-access accounts should give you unlimited and flexible access to your savings.

However, there is now a trend for savings accounts to restrict the number of withdrawals – while still calling the account "easy-access". If you breach the limits, the penalty is normally a loss of interest, or falling onto a lower interest rate.

It means you'll need to look carefully at any restrictions on withdrawals (which could limit the frequency or the amount you take out) before opening an easy-access account.