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 FSCS
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)
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
Winner of Platinum Feefo Trusted Service Award in 2024
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
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
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.
3 penalty-free withdrawals in a 12 month period. 4.72% AER/4.62% gross (3.82% AER/3.75% gross + 0.90% AER/0.87% gross 12-month boost). Interest paid monthly. Deposit and withdraw almost instantly. No fees or charges for holding account. FSCS eligible on your deposits. 3.62% AER/3.55% gross if 4 or more withdrawals are made within 12 months (on boosted rate). 2.72% AER/ 2.68% gross if 4 or more withdrawals are made within 12 months (without 12 month boost). Must be UK resident. Must be aged 18 or older
4.55% AER if customer makes two or fewer withdrawals within an anniversary year. Monthly or annual interest. Manage your account online. Covered by the FSCS. If a customer makes three or more withdrawals in an anniversary year the rate reduces to 1.50% from the date of the third withdrawal. Must be UK resident and be aged 18 or older
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
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
The Bank of Cyprus 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 Cyprus Instant Access Account
The Bank of Cyprus Instant Access account is one of their high interest accounts that offers comparatively strong interest rates along with instant access to your savings. The Instant Access account gives you the opportunity to make a deposit whenever you like and has no restrictions on how often you withdraw from your savings. The account allows you to stay flexible and gives you complete control of your finances. The Bank of Cyprus offers some of the best monthly interest that high street banks have to offer. The features of their Instant Access account may make it a viable savings account option for students, young professionals, over 50s, those looking towards retirement and retired individuals. The Bank of Cyprus Instant Access account is even suitable to use as a savings account for over 60s.
Features include:
Competitive interest rates
No minimum initial deposit
Maximum balance of £10 million
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 Cyprus savings account with other instant access high street savings accounts.
Quick online application setup from Bank of Cyprus
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 available to the general public do not counter the effect of inflation; therefore, in reality people are losing money in real terms. Despite the large number of savings accounts in the financial services market, the majority of them fail to give savers any significant financial advantage. This is because savings accounts’ interest rates are usually determined by the Bank of England’s base rate. We can help you compare a selection of some of the best interest paying accounts.
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.
