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 4.75% AER from Chase. If you want to lock in rates before they drop, you can opt for a one-year fixed savings account.
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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
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.
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.
Cahoot Simple Saver – 4.4% 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.
Vida Savings Defined Access – 4.38% AER
This savings account will let you earn 4.38% interest on deposits from £10 to £85,000. Interest is paid annually and can be either paid out or compounded.
You can withdraw money from this account up to four times a year without incurring a lower interest rate. The account can be opened and managed online.
Oxbury Bank Easy Access Bonus Base Rate Tracker 1 – 4.36% AER
With Oxbury’s easy access account, you can save anywhere between £1,000 and £500,000. It includes a bonus rate of 0.8% 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.
Nottingham BS Bonus Access Saver – 4.35% AER
You can secure a 4.35% variable rate with Nottingham Building Society. The rate is inclusive of a 2.3% variable bonus until 31 October 2026, and you will need to open the account with at least £1,000 and up to £250,000. Only £85,000 of your sum is eligible for FSCS protection.
You can’t open a joint account, and the initial deposit can be made online or at a branch. However, the account can only be managed online. Interest is paid yearly.
Kent Reliance Easy Access Account – 4.33% 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.
Chip Instant Access Account – 4.32% AER
New customers can earn a boosted rate of 4.32% with Chip’s Instant Access account. It includes a bonus rate of 1.53% for three months.
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.
Interest is paid monthly, and you can open the account through the mobile app.
Charter Savings Bank Easy Access - 4.31% AER
Open this account with £1 and save up to £1 million, but keep in mind that only £85,000 of your deposit will be protected by the FSCS.
Interest is paid annually on maturity and you can open the saver online.
Close Brothers Savings Easy Access Account – 4.3% AER
You can earn a variable rate of 4.3% with this account, provided that you deposit a minimum of £10,000 and don't exceed the maximum balance of £2 million.
The account can be opened online, and interest is compounded and paid into your account 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.
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