Best Instant Access Savings Accounts

With savings rates on the rise, we take a look at some of the best instant access savings accounts in the UK market.

UBL offer a market leading instant access savings account paying 1.52% AER on deposits of £2,000 up to £85,000. This account is FSCS protected up to £85,000. Available to UK residents aged 18 or older, you can access this rate via Raisin. No limits on the number of withdrawals you can make on this account. The maximum deposit with this account is £85,000. Interest is paid monthly, on the last day of the month

If you have £10,001 or more to deposit then Yorkshire Building Society currently offers 1.33% AER on their instant access account. This account is FSCS protected up to £85,000. There are 3 tiered rates – £1 to £10,000 – 1.10% Gross/AER, £10,001 to £50,000 – 1.33% Gross/AER, £50,001 to £500,000 – 1.38% Gross/AER. Available to UK residents aged 16 or older. You can withdraw your money at any time. The maximum deposit with this account is £500,000. Interest is paid annually.

With a minimum deposit of £1 Ford Money are offer a flexible saver account paying 1.30% AER with interest paid monthly or annually. ing a 12 month fixed rate of 2.30% AER. Your money is protected by the FSCS up to £85,000. You can deposit up to £2,000,000 into this account. You can withdraw your money at any time. Interest is paid monthly.

Instant Access Savings Accounts

FSCS Protected (Up to £85,000)
Providers
Rate (AER)Min/Max DepositMore
Info
UBL Fixed Rate Savings1.52%£1,000 / £85,000Go »
Yorkshire Internet Saver1.33%
£10,001 / £500,000Go »
Ford Fixed Rate Savings1.30%£1 / £2,000,000Go »
Investec Fixed Rate Savings1.25%
£5,000 / £250,000Go »
Paragon Savings1.25%£20,000 / £85,000Go »

If you have a minimum £5,000 deposit Investec through their Online Flexi Saver account pay 1.25% AER. Interest is paid monthly, either to a linked current account, or adding the account to your Online Flexi Saver account. Easy application process, you just need a UK mobile phone and UK driving licence or passport. The maximum deposit is £250,000. To apply you must be aged 18 and have a UK address. You can withdraw your money at any time. This account is FSCS protected up to £85,000.

For deposits from £20,000 Paragon are currently offering 1.25% AER with interest paid monthly. This account is FSCS protected up to £85,000. Available to UK residents aged 18 or older, you can access this rate via Raisin. You can withdraw your money at any time. The maximum deposit with this account is £85,000. Interest is paid on monthly.

If you are looking for other savings options for your money including instant access and fixed rate bonds over 2,3 and 5 years see our latest deals from UK savings providers.

 

Written by Editorial Team ,
12th June 2022