Instant Access Savings Accounts

Instant Access Savings AccountsInstant Access Savings Accounts

Instant access savings accounts provide a safe haven for your cash with the flexibility of a current account. Instant access savings accounts should:

  • Have a competitive rate of interest
  • Offer immediate access to your cash, usually via a cash card/cheque book
  • In most cases, be accessible through 24 hour banking allowing online payments and transfers at any time
  • Have no restrictions or penalties on transfer or withdrawals
  • Have no ‘notice period’ on transfers or withdrawals

If you are prepared to leave your money untouched in a fixed rate account, letting the interest build over a period of months/years, you will get a better rate of return, but there are still some very competitive instant access savings accounts on the market.

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