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This comparison simply includes all savings accounts.

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RCI Bank
Freedom Savings Account RCI Bank
Min deposit £100
Term Instant Access
Interest AER 4.45%

Which? Recommended Savings Provider

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 FSCS

Details

Interest Paid Monthly or annually
Maximum Balance £250,000
Minimum Age 18
UK Resident Yes
Investec Savings
Online Flexi Saver Investec Savings
Min deposit £5000
Term Instant Access
Interest AER 4.40%

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)

Details

Interest Paid Monthly
Maximum Balance £250,000
Minimum Age 18
UK Resident Yes
Yorkshire Building Society
Easy Access Saver Yorkshire Building Society
Min deposit £1
Term Instant Access
Interest AER 4.35%

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

Details

Interest Paid Annually
Maximum Balance £500,000
Minimum Age 16
UK Resident Yes
Hampshire Trust Bank
Online Easy Access Account Hampshire Trust Bank
Min deposit £1
Term Instant Access
Interest AER 4.15%

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

Details

Interest Paid Annually
Maximum Balance £250,000
Minimum Age 18
UK Resident Yes
Post Office
Online Saver Account Post Office
Min deposit £1
Term Instant Access
Interest AER 4.10%

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

Details

Interest Paid Monthly or annually
Maximum Balance £2,000,000
Minimum Age 18
UK Resident Yes
Aldermore
Easy Access Account Aldermore
Min deposit £100
Term Instant Access
Interest AER 4.10%

Which? Recommended Savings Provider

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.

Details

Interest Paid Monthly or annually
Maximum Balance £1,000,000
Minimum Age 18
UK Resident Yes
Chip
Instant Access Account Chip
Min deposit £1
Term Instant Access
Interest AER 3.75%

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.

Details

Interest Paid Monthly
Maximum Balance £1,000,000
Minimum Age 18
UK Resident Yes
Chip
Easy Access Saver Account Chip
Min deposit £1
Term Easy Access
Interest AER Up to 4.72%

Why we like it

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

Details

Interest Paid Monthly
Maximum Balance £1,000,000
Minimum Age 18
UK Resident Yes
Aldermore
Double Access Account Aldermore
Min deposit £1000
Term Easy Access
Interest AER Up to 4.55%

Why we like it

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

Details

Interest Paid Monthly or annually
Maximum Balance £1,000,000
Minimum Age 18
UK Resident Yes
OakNorth
Easy Access Limited Edition Account OakNorth
Min deposit £20000
Term Easy Access
Interest AER 4.50%

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

Details

Interest Paid Monthly
Maximum Balance £500,000
Minimum Age 18
UK Resident Yes
RCI Bank
95 Day Notice Account RCI Bank
Min deposit £1000
Term 95 Day Notice
Interest AER 4.90%

Which? Recommended Savings Provider

Why we like it

Unlimited withdrawals subject to 95 days notice.

Details

Interest Paid Monthly or annually
Maximum Balance £250,000
Minimum Age 18
UK Resident Yes
OakNorth
Base Rate Tracker 95 Day Notice Account OakNorth
Min deposit £1
Term 95 Day Notice
Interest AER 4.89%

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

Details

Interest Paid Monthly
Maximum Balance £500,000
Minimum Age 18
UK Resident Yes
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Scottish Building Society Instant Access Savings Accounts

Scottish Building Society specialises in both personal and business banking. They have a variety of savings accounts on offer, including high interest instant access savings accounts.

Scottish Building Society Instant Access Saver Account

If you are searching for a high interest account with instant access and no need for long term commitment, then the Scottish Building Society Instant Access Saver account may be a good option for you. This account gives you instant access to your savings, so you can deposit and withdraw from your savings with no additional penalty charges.

The Instant Access Saver account presents the opportunity to access some of the best monthly interest high street banks have to offer, through Scottish Building Society’s competitive interest rates. The Instant Access Saver account is suitable for children, students, young professionals, over 50s, those look toward retirement and retired individuals. Scottish Building Society prides themselves on their ability to provide banking services to everyone and as such there are no upper age restrictions for their accounts, which means the Instant Access Saver account may be a good option as a savings account for over 60s.

Features include:

  • Competitive interest rates
  • Open an account with just £1
  • Maximum balance of £1 million
  • Unlimited withdrawals
  • Easy saver rates 
  • Manage your accounts instantaneously with online access

Review our table above to compare Scottish Building Society savings account with other instant access high street savings accounts.

Quick online application setup from Scottish Building Society

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.

Peoples’ savings are eroding in real terms, as savings accounts’ interest rates continue to fail to match inflation. The general public have a number of different savings accounts to choose from; however, the majority of them do not provide any financial advantage. This is because the savings accounts’ interest rates are heavily dependent on the base rate set by the Bank of England. 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.

See here for a comparison of leading UK instant access accounts 

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