Easy Access

Provider Rate Min/Max Deposit Opening Account Accessing Account Interest Options SG Verdict
Al Rayan Bank
3.22% £5,000 / £1m

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  • Paid Monthly

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

 Aldermore - double access
3.00% £1,000 / £1,000,000

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

This account is limited to up two withdrawals within an anniversary year.  If three or more withdrawals are made in the year, the rate reduces to 0.10% from the date of the third withdrawal.  The interest rate resets to the higher rate at the next anniversary.

Peterborough based Aldermore launched in 2009 and look after over £13.1bn of deposits.  You can find out more about them here

 Chip - Instant Access
3.40% £1 / £250,000

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  • Paid Monthly
  • Added to the account

All money deposited in the Chip Instant Access Account is held by the UK authorised bank ClearBank and is eligible for the Financial Services Compensation Scheme (FSCS)

3.03% £1 / £85,000

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  • Paid Monthly
  • Added to the account

Kroo was authorised as a bank in July 2021.  Formerly known as B-Social, Kroo offers a fee free current account which pays 3.03% interest on balances up to £85,000, which are FSCS protected.

The rate on this account increases to 3.33% on 1st April

Buckinghamshire Building Society - Triple Access
3.05% £100 / £500,000

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  • 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

Charter Savings Bank
3.05% £5,000 / £1m

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  • 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

Chase
3.00% £1 / £500,000

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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.

Coventry Building Society - SixAccess
3.10% £1 / £250,000

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  • 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
3.25% (0.15% bonus for 12 months) £1 / £1m

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Branch
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  • 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 3.10%. 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
3.10% £1 / £2m

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

Essex based Ford Money have regularly been in our best buy tables since their launch in April 2017. 

Gatehouse Bank
3.20% £1,000 / £250,000

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  • Paid on Anniversary
  • Paid Annually
  • Paid Away

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

Harpenden Building Society
3.00% £1 / no maximum

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  • Paid Annually
  • Paid 31st December
  • Added to the account

The rate on this account drops to 1.60% if four or more withdrawals are made per calendar year.

Harpenden Building Society looks after £260m of savings and is the 38th largest building society in the UK

Paragon Bank - Triple Access
3.25% £1 / £500,000

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  • 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

Principality Building Society - Double Access
3.10% £1 / £1m

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  • Paid Annually
  • Added to the account
  • Paid 1st January

Savers can only make two withdrawals per calendar year from this account.  It can be closed at any time but closure counts as a withdrawal.

Principality is the 6th largest building society in the UK, looking after £7.6bn of savings

Sainsburys Bank
3.07% £1,000 / £500,000

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  • 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 1%.

Secure Trust Bank
3.10% £1,000 / £85,000

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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
3.06% £1,000 / £85,000

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Branch
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  • 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

Zopa Bank
3.21% £1 / £85,000

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  • Paid Monthly
  • Added to the account

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 3.25% (7 Day Notice), 3.31% (31 Day Notice) and 3.47% (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.

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