Easy Access | The Savings Guru

Easy Access

Provider	Rate	Min/Max Deposit	Opening Account	Accessing Account	Interest Options	SG Verdict
Charter Savings Bank	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	Wolverhampton based Charter Savings is part of Chartercourt Financial Services. Charter Savings launched in April 2015 and looks after £5.6bn of savings
Leeds Building Society	0.40%	£1,000 / £1m	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Away or Compounded Paid On Maturity	Unlimited withdrawals can be made from this account, which has a fixed maturity date of 2nd May 2022, when interest will be paid. Leeds is the 5th largest building society in the UK and looks after £14.5bn of savings.
Marcus	0.50%	£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 It was in our best buys every day from launch until it was withdrawn from sale in June 2020.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	0.40%	£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	This account pays 0.65% but drops to 0.25% if more than three withdrawals are made within a 12 month period. Birmingham based Paragon launched in 2014 and now look after over £7.5bn of savings. You can find out more about them in our banking directory https://www.thesavings.guru/bank-directory/208-paragon-bank
Apply Now	0.40%	£100 / £1,000,000	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
Z 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	0.50%	£1 / £250,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Monthly Paid Compounded	Very competitive rate from Tandem Bank, who acquired Harrods Bank in January 2018, with a low minimum balance. This 'green' saver can only be opened and managed via Tandem's mobile app
UBL	0.45%	£500 / £200,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Annually Paid Compounded	Only one free withdrawal is permitted each month. After this, withdrawals cost £1 each subject to an online banking maximum withdrawal of £10,000. United Bank UK, which was formed in 2001 from the merger of two Pakistani banks, has branches in Ilford, Bradford, Birmingham, Glasgow Manchester and London.
Union Bank of India	0.50%	£1,000 / £1,000,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Monthly Paid on the last working day of the month	Union Bank of India (UK), which is a subsidiary of Union Bank of India, one of the largest public sector banks in India
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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