All Savings Accounts

Ulster Bank eSavings

Deposit
£1
Interest Rate
1.25% AER

You'll earn 1.25% AER/Gross p.a. (variable) Instant access once you've set up internet and telephone banking and have a card and card reader. Manage your account online, by telephone banking or via Ulster Bank mobile app. It only takes a few minutes to apply. You'll need to be 18 or over and a UK resident. Daily withdrawal limits apply (see section 5 below).

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Post Office Online Saver Issue 25

Deposit
£1
Interest Rate
1.11% AER

Annual option 1.27% gross/AER variable. Rate includes a 1.02% gross fixed rate bonus for 12 months from account opening. After 12 months the rate will revert to their underlying rate, currently 0.25% gross/AER variable. Interest is calculated daily and will be paid annually in March. Monthly option 1.26% gross/1.27% AER variable. Rate includes a 1.01% gross fixed rate bonus for 12 months from account opening. After 12 months the rate will revert to their underlying rate, currently 0.24% gross/0.25% AER variable. 

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NatWest Instant Saver

Deposit
£1
Interest Rate
0.01% AER

Will the interest rate change? The interest rate is variable, so it can go up as well as down. Annual Equivalent Rate (AER). This is a notional rate used for interest bearing accounts which illustrates the interest rate if paid and compounded each year. It helps you to compare the effective rates of credit interest on different accounts. Gross Rate. This means the interest rate you are paid without the deduction of basic rate income tax.

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Tesco Bank Internet Saver

Deposit
£1
Interest Rate
1.16% AER

Like online banking and want a flexible way to save? Then take a look at what Tesco Bank Internet Saver Account has to offer. Open your account with just £1. Earn 1.20% Gross/AER (variable) - including a fixed 0.80% bonus for 12 months - on balances up to £1 million Rate definitions. Instant access to your funds Daily withdrawal limits apply. Earn interest on your savings tax free, up to a certain amount.

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Why might I need an instant access savings account? 

Instant access savings accounts are ideal for people who want to earn a better return than from a current account, without being changed for withdrawing money. 

If you are wanting to save at your own pace with instant access to your money at all times, then this type of account is right for you. 

Many savings accounts have complicated rules on how often you can make withdrawals, but instant access accounts let you dip into your savings as and when you need to. It is the most flexible type of savings account and perfect for those who don’t want to tie up their money for certain periods of time. 

It’s always a good idea to keep your savings in a separate account to your current account so that you are less likely to spend it on day-to-day life.  The benefit of an instant access account is that it allows you to have a secure fund in times of emergency, without having to give any notice or worry about penalties. 

The flexibility of these types of accounts means that they tend to have lower interest rates than other savings accounts. Therefore, if you don’t need instant access to your savings, you could earn more with other types of savings accounts.

FAQs about instant access savings accounts

What is an instant access savings account?

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How often can I access my money?

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Will I be charged for taking money out?

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What is the downside to an instant access savings account?

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Are there high-rate, instant-access options?

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How much do I need to open an instant access saving account?

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How much should I save in an instant access account?

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Do I need to hold a current account with the same provider before I can open an instant access savings account?

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What will happen to my money if the bank goes bust?

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