Easy Access

Provider Rate Min/Max Deposit Opening Account Accessing Account Interest Options SG Verdict
Al Rayan Bank
2.81% £5,000 / No Maximum

Branch
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Internet
Post
Telephone

Branch
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Telephone

  • Paid Monthly

This account pays expected profit, rather than interest, to meet Sharia law requirements.  

 Chip - Instant Access
3% (0% AER plus a bonus of 3%) £1 / £85,000

Branch
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Post
Telephone

Branch
App
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  • Paid Monthly
  • Added to the account
  • Customers who are eligible to open the account will receive a 3.00% bonus which is calculated daily and updated monthly on the account balance.
  • Your money is held by Clearbank Ltd and is eligible for FSCS protection up to £85,000. However, the bonus is not FSCS protected.
  • Visit Chip's website for the full Terms & Conditions 
Atom Bank
2.95% £1 / £100,000

Branch
App
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Post
Telephone

Branch
App
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Post
Telephone

  • Paid Monthly
  • Paid Compounded

Durham based Atom Bank has attracted over 20,000 customers and £3.2bn of savings since its launch in April 2016.

Savers can only access Atom’s products via their mobile app

Buckinghamshire Building Society - Triple Access
2.85% £100 / £500,000

Branch
App
Internet
Post
Telephone

Branch
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Telephone

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

Three withdrawals are allowed between 1 January and 31 December each year without notice or penalty, after which no further withdrawals can be made during that calendar year.  A fourth withdrawal within a calendar year will result in the automatic closure of the account.

Buckinghamshire is one of the smallest building societies with £234m of deposits

Chase
3.00% £1 / £500,000

Branch
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Post
Telephone

Branch
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Post
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  • 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 pays 2.70% interest and comes with a current account which pays 1% cashback on spending and 5% interest on round ups of that spending.

The rate on this account will increase to 3% on 13th February 2023

Coventry Building Society - SixAccess
2.85% £1 / £250,000

Branch
App
Internet
Post
Telephone

Branch
App
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Post
Telephone

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

This is a limited access account which means savers can only make six withdrawals a year.  From the seventh withdrawal onwards, a charge of 50 days interest will be made  

Competitive rate from Coventry Building Society which is the 2nd largest building society in the UK looking after £38.2bn of deposits

Cynergy
2.90% (0.15% bonus for 12 months) £1 / £1m

Branch
App
Internet
Post
Telephone

Branch
App
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Telephone

  • Paid on Anniversary
  • Paid Annually
  • Paid Away

This account includes a bonus of 0.15% for 12 months.  After 12 months the rate will drop to 1.97%. We don't usually include accounts with bonus rates but, as this will still be in our best buys without the bonus, we have on this occasion.

Cynergy was formerly known as Bank of Cyprus, which has operated in the UK since 1955, and looks after £1.76bn of savings

Ford Money
2.80% £1 / £2m

Branch
App
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Post
Telephone

Branch
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Telephone

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

The best unrestricted account in the market currently from Essex based Ford Money, who have regularly been in our best buy tables since their launch in April 2017. 

Newcastle Building Society
3.05% £1 / £250,000

Branch
App
Internet
Post
Telephone

Branch
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Post
Telephone

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

Withdrawals are permitted but the interest rate drops to 1.75% if more than three withdrawals are made in a year

Newcastle is the eighth largest building society in the UK, looking after £3.4bn of savings

OakNorth Bank
3.05% £20,000 / £500,000

Branch
App
Internet
Post
Telephone

Branch
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Telephone

  • Paid Monthly
  • Paid Compounded

OakNorth launched in 2015 and offers debt and property finance to UK small and medium size enterprises.

This is a limited edition account so could be withdrawn at any time

You can find out more about them here

Paragon Bank - Triple Access
2.91% £1 / £500,000

Branch
App
Internet
Post
Telephone

Branch
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Post
Telephone

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

The rate on this account drops to 0.75% if four or more withdrawals are made within a 12 month period

Birmingham based Paragon launched in 2014 and now look after £9.3bn of savings.  You can find out more about them in our banking directory here

Sainsburys Bank
3.05% £1,000 / £500,000

Branch
App
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Post
Telephone

Branch
App
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Post
Telephone

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

Sainsbury’s Bank opened in 1999 and was the first supermarket bank to open in the UK.

This account is limited to three withdrawals each year, otherwise the rate reduces to 0.65%.

Secure Trust Bank
2.95% £1,000 / £85,000

Branch
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Telephone

Branch
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  • 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
3.01% £1,000 / £85,000

Branch
App
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Post
Telephone

Branch
App
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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

Tandem Bank
3.05% (includes 0.20% bonus for 12 months) £1 / £250,000

Branch
App
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Post
Telephone

Branch
App
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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
2.85% (£5,000+) 3.35% (up to £5,000) £1 / No max

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

This account permits two withdrawals per annum, plus closure.  It pays 3.35% on the first £5,000 and 2.85% on balances above that e.g. £10,000 will earn 3.35% on the first £5,000 and 2.85% on the second £5,000.

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

Yorkshire Building Society
2.85% (£10,000+) 2.75% (£1,000+) £1 / No max

Branch
App
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Telephone

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

This account comes with unlimited withdrawals and tiered rates of interest, with 2.90% payable on balances of £50,000+

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

Zopa Bank
2.86% £1 / £85,000

Branch
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Branch
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  • Paid Away or Compounded
  • Paid Monthly

Zopa started life as a peer to peer lending business in 2005 but became a licensed bank in 2019 and launched their first savings accounts in August 2020.

This account comes with savings pots which pay 2.91% (7 Day Notice), 3.06% (31 Day Notice) and 3.26% (95 Day Notice)

You can find out more about them here

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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