Instant and Easy Access Savings Account.

What is an "Instant Access Savings Account"

As the name suggests, instant access savings accounts give you immediate access to your savings, without incurring any penalties. Or this was always what they used to be unfortunately some instant access accounts now have penalties attached meaning if you make more than a certain number of withdrawals the interest rate will drop. Generally instant access savings accounts will offer a lower rate of interest compared to savings accounts that require you to give notice before withdrawing money. But currently if you shop around you will find that there are instant access savings accounts available that offer higher interest rates than a lot of the notice savings accounts. To make your life even easier above are the best and top instant access account we have found in the UK savings market. One final thing to consider is that the leading accounts often offer a bonus interest rate for first 12 months so after 12 months you need to check that the rates offered are still competitive and if not consider switching to a different savings account.

The Best Instant Access Savings Accounts (last update 1st November 2011)

SAVINGS ACCOUNT PROVIDER	AER	MINIMUM INVESTMENT	INSTANT ACCESS SAVINGS ACCOUNT DETAILS	FURTHER INFORMATION
NATIONWIDE	3.12%	£1,000+	1.58% bonus for 12 months.
SANTANDER	3.10%	£1+	2.60% bonus for 12 months. (esaver issue 4)
DERBYSHIRE	3.16%	£1,000+	Manage your savings online and 2.16% bonus paid 31.03.2013
ING DIRECT	3.00%	£1+	Variable Interest Rate.
HSBC	0.75%	£1+	HSBC online bonus saver 0.75% AER including bonus interest on savings account. £1-£50,000 when you don't make a withdrawal. If you need your money you will get 0.25% AER annual equivalent for month withdrawal made. Account is online only and withdrawal of funds is via internet banking by transfer to another bank or savings account.