This comparison simply includes all savings accounts.
Shawbrook Bank 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.
Shawbrook Bank Instant Access Savings Accounts
Shawbrook Bank are a private bank that provide business and personal banking services, including high interest instant access savings accounts.
Shawbrook Bank Easy Access Savings Account
Shawbrook Bank’s Easy Access Savings account may be a good option for you, if you need high interest account for your savings that does not require long term commitment. The account has no cap on the amount of withdrawals you can make and enables you to complete a deposit at any point. With the Easy Access Savings account you can stay flexible with your finances and have complete control over your savings.
The Shawbrook Bank Easy Access Savings account provides competitive interest and some of the best monthly interest that high street banks have to offer. The features of their Easy Access Savings make it suitable for students, young professionals, over 50s, those looking towards retirement and retired individuals. Shawbrook Bank's savings accounts are available to everyone over the age 18 years old and do not have an upper age limit, which makes their Access Savings account a suitable savings account for over 60s.
Features include:
- Competitive interest rates
- Open an account with £1,000
- Maximum balance £85,000
- Unlimited withdrawals
- Easy saver rates
- Manage your accounts instantaneously with online access
Review our table above to compare the Shawbrook Bank savings account with other instant access high street savings accounts.
Quick online application setup from Shawbrook Bank
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 current savings accounts’ interest rates fail to counter the adverse effect that inflation has on peoples’ savings. Therefore, people are losing money in real terms. Although there are a growing number of savings accounts available on the market, most of them do not give savers any financial advantage. This is because the base rate set by the Bank of England is usually the basis for all savings accounts’ interest rate.
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
