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Easy Access

Provider Rate Min/Max Deposit Opening Account Accessing Account Interest Options SG Verdict
 Aldermore - double access
4.90% £1,000 / £1,000,000

Branch
App
Internet
Post
Telephone

Branch
App
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Post
Telephone

  • Paid on Anniversary
  • Paid Away or Compounded
  • Paid Monthly
  • Paid Annually

This account is limited to up two withdrawals within an anniversary year.  If three or more withdrawals are made in the year, the rate reduces to 1.50% from the date of the third withdrawal.  The interest rate resets to the higher rate at the next anniversary.

Peterborough based Aldermore launched in 2009 and look after over £13.1bn of deposits.  You can find out more about them here

 Chip - Instant Access
5.01% (includes 0.17% bonus for 12 months) £1 / £250,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Monthly
  • Added to the account

All money deposited in the Chip Instant Access Account is held by the UK authorised bank ClearBank and is eligible for the Financial Services Compensation Scheme (FSCS)

 HL Active Savings - Allica
4.72% £1,000 / £1m

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid On Maturity

This product is provided by Allica Bank on Active Savings, which is a savings platform provided by investment giant Hargreaves Lansdown, offering savers access to a range of products from its partner banks and building societies.

 Monument - Raisin
4.91% £1,000 / £85,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Monthly
  • Paid on the last working day of the month

Savers who sign up for this account by midday on 30th June, and fund it with at least £10,000 by 15th July, will receive a £50 cash bonus if they sign up via this link

This product is only available via the Raisin UK savings platform. You can find out more about Raisin here

 QIB - Raisin
4.90% £1,000 / £85,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid On Maturity

Savers who sign up for this account by midday on 30th June, and fund it with at least £10,000 by 15th July, will receive a £50 cash bonus if they sign up via this link

This product is only available via the Raisin UK savings platform. You can find out more about Raisin here

 UBL - Raisin - High Saver
4.87% £10,000 / £85,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid On Maturity

Savers who sign up for this account by midday on 30th June, and fund it with at least £10,000 by 15th July, will receive a £50 cash bonus if they sign up via this link

United Bank Limited UK (UBL) was formed in 2001 from the merger of two Pakistani banks and has branches in Ilford, Bradford, Birmingham, Glasgow Manchester and London.

This product is only available via the Raisin UK savings platform. You can find out more about Raisin here

A| Monument Bank
5.03% £25,000 / £2m

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Monthly
  • Added to the account

Monument Bank launched in December 2021 and plans to target mass affluent individuals via its mobile app.  Consequently, it has a higher minimum balance requirement than other savings providers.

Chase
5.10% (includes 1% bonus for 6 months) £1 / £500,000

Branch
App
Internet
Post
Telephone

Branch
App
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Post
Telephone

  • Paid Away or Compounded
  • Paid Monthly

Chase is a new digital bank that has been launched by US banking group JP Morgan.  The savings account comes with a current account which pays 1% cashback on spending and 5% interest on round ups of that spending.

This rate includes a bonus of 1% paid until 16th January 2025

Close Brothers
4.90% £10,000 / £2m

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid on Anniversary
  • Paid Annually
  • Paid Compounded

Close Bank have been trading since 1878, are a FTSE 250 listed company and look after over £6.4bn of savings

You can find out more about them here

Family Building Society - Market Tracker
4.76% £500 / £250,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Annually
  • Paid Compounded
  • Paid 31st July

The interest rate on this Market Saver account is reviewed quarterly to ensure it remains consistently competitive and avoids the need for savers to continuously shop around.

Family is part of National Counties Building Society, the 11th largest Society in the UK, looking after over £2bn of savings.

Investec
4.70% £5,000 / £250,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid on Anniversary
  • Paid Away or Compounded
  • Paid Monthly

A competitive rate of interest on this straightforward easy access account.

The higher minimum balance may put off savers with smaller balances

Kent Reliance
4.85% £1,000 / £1,000,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Away or Compounded
  • Paid Monthly
  • Paid Annually

Kent Reliance are part of One Savings Bank, which is listed on the FTSE 250.

One Savings Bank has recently completed its merger with Charter Court Financial Services and the combined group looks after £16.6bn of savings

Leeds Building Society
4.85% £1,000 / £1m

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Away or Compounded
  • Paid On Maturity

Unlimited withdrawals can be made from this account, which has a fixed maturity date of 4th August 2025 when interest will be paid.

Leeds is the 5th largest building society in the UK and looks after £14.5bn of savings.

Oxbury Bank
4.94% £1,000 / £500,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Monthly
  • Paid Compounded

This account has same day access subject to a 1pm cut off period.

Oxbury is a specialist agricultural bank, focused on lending to UK farms.  It got its banking licence in 2020 and launched savings accounts in February 2021.

Savers will need a smartphone to download the Oxbury Banking App as part of the security measures to access their online account

You can find out more abouy them here

Oxbury Bank
5.02% £20,000 / £500,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Monthly
  • Paid Compounded

This account has same day access subject to a 1pm cut off period.

Oxbury is a specialist agricultural bank, focused on lending to UK farms.  It got its banking licence in 2020 and launched savings accounts in February 2021.

Savers will need a smartphone to download the Oxbury Banking App as part of the security measures to access their online account

You can find out more abouy them here

Paragon Bank - Double Access
4.91% £1,000 / £500,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid on Anniversary
  • Paid Away or Compounded
  • Paid Monthly
  • Paid Annually

The rate on this account drops to 1.50% if three or more withdrawals are made within a 12 month period

Birmingham based Paragon launched in 2014.  You can find out more about them in our banking directory here

RCI Bank
4.75% £100 / £250,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid on Anniversary
  • Paid Away or Compounded
  • Paid Monthly
  • Paid Annually

Part of French car giant Renault, RCI are a UK licensed bank and covered by the Financial Services Compensation Scheme

RCI also pay 4.30% on 14 Day Notice which can be found here

You can find out more about them here

Scottish Building Society
4.81% £1 / £1m

Branch
App
Internet
Post
Telephone

Branch
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Telephone

  • Paid Away or Compounded
  • Annual interest paid 31st March

Only four withdrawals are permitted from this account before the account reverts to an Online Saver at a lower rate on the fifth withdrawal.

Scottish Building Society is Scotland's only independent building society and started life in 1848.  They have branches in Edinburgh, Glasgow, Iverness, Troon and Galashiels and look after £380m of savings. 

Accounts are open to UK residents.

Secure Trust Bank
4.90% £1,000 / £85,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Away or Compounded
  • Paid Monthly

Birmingham based Secure Trust Bank look after over £2bn of deposits.  They launched their first easy access account in March 2022

Find out more about them here

Shawbrook Bank
4.70% £1,000 / £85,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid on Anniversary
  • Paid Away or Compounded
  • Paid Monthly
  • Paid Annually

Essex based Shawbrook launched in 2011 and looks after £7.84bn of savings

Find out more about them here

Yorkshire Building Society
4.80% £1 / £500,000

Branch
App
Internet
Post
Telephone

Branch
App
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Post
Telephone

  • Paid Away or Compounded
  • Paid Annually
  • Paid 31st March

This account comes with unlimited withdrawals

Yorkshire are the 3rd largest building society in the UK and look after £30.7bn of savings.

About The Savings Guru

We help savers get the best deal for their money by providing unique insight in to the savings market.  We help prospective banks apply for a banking licence and we help build customer services, products and marketing for them.  We also work with existing banks and building societies to improve their savings propositions.  This  insider view of savings means we are uniquely placed to help savers.

Find out moreMeet the Team

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