Hunting around for a savings account can be a challenge, that’s where our easy to read best buy table can help. You can quickly compare information such as provider, interest rate and account access to find the savings account that’s right for you!
Your results are sorted by interest rate AER from high to low. This will show you the accounts from which you are likely to earn the most interest first; However, please remember you may have to satisfy certain requirements to get the rates of interest listed.
Interest rate (AER)
Min/Max account balance
Instant Access Savings Accounts
What is an instant access savings account?
If you need to access your savings quickly but would still like to earn interest on them, have a look at an instant access savings account.
This type of account, sometimes known as a deposit account, means that you can access your money easily – either instantly or at least, in a matter of days.
If you are saving for the first time or if you are saving an emergency fund, by saving in to an instant access savings account you can withdraw your money easily.
What are Introductory Bonus Rates?
Beware that some instant access accounts now have include introductory Bonus Rates for a limited period. This bonus rate usually improves the position of the account in Best Buy tables and makes the account appear higher up in the table than it would normally.
The bad news about Bonus Rates is that once the limited introductory period is up, you can be left with Savings in a savings account with an interest rate that is much lower.
It might also be that you will lose the bonus interest rate for money you withdraw before the end of the introductory period.
Therefore, it’s a good idea to check if there are better rates of interest out there if you’ve have your savings in the same account for a while.
You may also want to avoid accounts which have bonus rates if you think you may need to withdraw some money at some point in the first year.