Easy Access | The Savings Guru

Easy Access

Provider	Rate	Min/Max Deposit	Opening Account	Accessing Account	Interest Options	SG Verdict
Atom Bank	0.50%	£1 / £100,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Monthly Paid Compounded	Durham based Atom Bank has attracted over 20,000 customers and £2.4bn of savings since its launch in April 2016. Savers can only access Atom’s products via their mobile app
Charter Savings Bank	0.45%	£5,000 / £1,000,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid on Anniversary Paid Away or Compounded Paid Monthly Paid Annually	Wolverhampton based Charter Savings launched in 2015. It is now part of One Savings Bank which looks after a combined £16.6bn across its Charter Savings and Kent Reliance savings brands
Investec	0.40%	£5,000 / £1,000,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid on Anniversary Paid Away or Compounded Paid Monthly Paid Annually	A competitive rate of interest on this straightforward easy access account. The higher minimum balance may put off savers with smaller balances
Marcus	0.40%	£1 / £250,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Monthly Paid Compounded	Marcus launched in September 2018 and is part of US bank Goldman Sachs and now has over 500,000 customers in the UK with £17bn of balances. It was in our best buys every day from launch until it was withdrawn from sale in June 2020. Relaunched in February 2021.
Paragon Bank	0.41%	£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	Birmingham based Paragon launched in 2014 and now look after £7.9bn of savings. This account pays 0.41% but the rate drops to 0.25% if savers withdraw more than three times in the 12 months after the account is opened. The period then resets at each anniversary. You can find out more about them in our banking directory here
Apply Now	0.40%	£100 / £250,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid on Anniversary Paid Away or Compounded Paid Monthly Paid Annually	RCI consistently pay some of the best rates in the easy access market. They are now a UK licensed bank and covered by the Financial Services Compensation Scheme
Saga	0.40%	£1 / £250,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Monthly Paid Compounded	Saga savings relaunched in October and is now part of Marcus by Goldman Sachs which has over 500,000 customers in the UK with £21bn of balances.
Shawbrook	0.40%	£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 have consistently appeared in our best buys since August 2017
Tandem Bank	0.40%	£1 / £250,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Monthly Paid Compounded	Tandem acquired Harrods Bank in January 2018. This 'green' saver can only be opened and managed via Tandem's mobile app but has a very low minimum balance
Yorkshire Building Society	0.40% (£10,000+) 0.25% (£1,000+)	£1 / No max	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Away or Compounded Paid Annually Paid 31st March	This account allows six withdrawals per year plus closure. The year starts from the date you open the account. Yorkshire are the 3rd largest building society in the UK and look after £30.7bn of savings.

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