This comparison simply includes all savings accounts.
Bank of China Instant Access Savings Accounts
Why we like it: Interest paid annually. Unlimited deposits and withdrawals. Open and manage online. FSCS Protected. Must be UK resident and be aged 18 or older
Why we like it: Instant access to your savings. Unlimited deposits and withdrawals. Interest paid monthly, either to a linked current account, or adding it to your Online Flexi Saver account. Easy application process, you just need a UK mobile phone and UK driving licence or passport. Manage account online. Maximum balance £250,000. Must be aged 18 or older and have a UK address. Must have a linked UK current account. Your eligible deposits with Investec Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)
Why we like it: Which? Recommended Savings Provider. No notice period. Deposit from £100. Interest paid monthly or annually. Apply in minutes. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services. Compensation Scheme (FSCS)
Why we like it: Unlimited payments and withdrawals. Interest paid annually. Open in a single or a joint name. Maximum deposit £250,000. FSCS Protected. Winner of Platinum Feefo Trusted Service Award in 2024. Must be UK resident and be aged 18 or older
Why we like it: Save from £1. Unlimited payments and withdrawals. Interest paid annually. Open in a single or a joint name. Maximum deposit £500,000. Open and manage account online. FSCS Protected. Must be UK resident. Must be aged 16 or older
Why we like it: Balances from £1,000 to £1 million. Unlimited withdrawals without restriction or loss of interest. Eligible deposits covered by UK FSCS.
Why we like it: Choose monthly or annual interest payments. Unlimited deposits and withdrawals. 24/7 access to your savings. Open and manage online. After 12 months the rate will revert to the underlying rate, currently 1.45% gross/AER variable. Post Office Online Saver is provided by Bank of Ireland UK. Must be UK resident. Must be aged 18 or older. FSCS protected
Why we like it: A new savings account from Chip built to move with the Bank of England and reward you faster than the banks. Interest paid monthly. Deposit and withdraw almost instantly. No fees or charges for holding account. FSCS eligible on your deposits. Must be UK resident. Must be aged 18 or older.
Why we like it: Interest calculated monthly. Unlimited deposits and withdrawals. Open and manage online. FSCS Protected. Must retain a minimum balance of £20,000 in the account. Must be UK resident and be aged 18 or older
Why we like it: The interest rate tracks the Bank of England (BoE) Base Rate. Interest is calculated on the minimum daily balance and applied to the account on the first day of every subsequent month. Open and manage account online. Your eligible deposits are protected up to £85,000 by the Financial Services Compensation Scheme. The maximum deposit you may pay into any one OakNorth Account is £500,000. The maximum amount (excluding the interest) that you will be allowed to hold on deposit with OakNorth Bank across multiple accounts is also £500,000. Unlimited withdrawals, subject to 95 days notice. Available to individuals, aged 18 or over, who are UK residents
Why we like it: Unlimited deposits and withdrawals. Interest paid monthly: can be added to your Notice Saver or paid to your linked account. Easy application process, you just need a UK mobile phone and UK driving licence or passport. Manage account online. Maximum balance £250,000. Withdrawals subject to 90 days notice. Must be aged 18 or older and have a UK address. Must have a linked UK current account
Why we like it: Unlimited withdrawals subject to 95 days notice.
Bank of China Instant Access Savings Accounts
Bank of China offers both business and personal banking services to residents of the UK. They have a variety of accounts including high interest instant access savings accounts.
Bank of China Foreign Currency Savings Account
The Bank of China Foreign Currency Savings account is one of their high interest accounts for customers worldwide and enables instant access to your savings. The Foreign Currency Savings account has no restrictions on how often you withdraw from your savings and allows you to make a deposit at any point. The account allows you to stay flexible and gives you complete control of your savings.
The Bank of China boasts competitive interest rates and has some of the best monthly interest that high street banks have to offer. The features of their Foreign Currency Savings account make it an ideal option for students, young professionals, over 50s, those looking towards retirement and retired individuals. There is no age restriction to open a Bank of China Foreign Currency Savings account, which makes it a perfect savings account for over 60s.
Features include:
- Competitive interest rates
- Open an account with just £100
- No maximum operating balance
- Available in sterling, euro and US dollar
- Unlimited withdrawals
- Easy saver rates
- Manage your accounts instantaneously with online access
Review our table above to compare the Bank of China savings account with other instant access high street savings accounts.
Quick online application setup from Bank of China
With UK savings rates at an all time low you need to take action to ensure your savings are getting the best interest deal possible.
The interest rates offered by the current crop of savings accounts are not high enough to even match inflation, which means people are losing money in real terms. Although there are many savings accounts available, none of them provide savers with any financial advantage. This is because the interest rates that savings accounts provide are heavily influenced by the base rate set by the Bank of England.
For savers looking to access their money regularly, a good instant access savings account will offer flexible withdrawal facilities while combining these with a good rate of interest.
See here for a comparison of leading UK Foreign Currency Savings accounts
