What Are the Best Easy Access Savings Accounts?

It's possible to get a better return on your savings by locking your money away for several years, but this isn't an option for everyone. If you require your money for an emergency bill, to pay for a holiday or plan to buy your first home, you need to be able to gain access to your money without penalty. That's why it's essential that you find the best easy access savings accounts. You'll be able to get hold of your money quickly and easily.

ING Direct Savings Account

ING offer new customers an attractive rate of 3.00% AER on balances of up to £250,000. This includes a bonus of 2.46% gross per annum, fixed for 12 months from the date the account was opened. Interest is calculated on a daily basis and added to the balance at month end. This is an internet account that can be opened with £1.

Coventry Building Society Online Saver Account

With a minimum investment of just £1, the Coventry Building Society currently offer the highest interest rate current account. You can earn up to 3.1% AER and make up to 4 penalty-free withdrawals each year. If you like the idea of helping charities, provided that the funds remain in the account for 12 months, a total of 0.05% of the total balance will be donated to the Royal British Legion’s poppy appeal.

West Bromwich Building Society WebSave Easy Access Account

Although you need to invest a minimum of £1,000, you can access your money 3 times a year without paying a penalty. You'll earn 3.06% AER, which includes a 1.06% bonus, on your savings. Customers are able to save up to £100,000 in a WebSave account.

How to Find the Best Easy Access Savings Accounts

You may expect loyal, existing customers to be offered the highest rate of return on savings, but this isn't the case. The onus is on you to make sure that you're personal savings keep pace with inflation. You could visit each bank in turn, but this isn't terribly efficient. It's advisable to use a price comparison site, such as moneysupermarket.com or comparethemarket.com, to trawl through all the latest deals for you.

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