As the months pass, easy access accounts offer depositors ever greater interest rates.
Banks and building societies have been steadily raising interest rates on savings accounts in response to the Bank of England’s several Base Rate increases, resulting in certain accounts providing some of the highest rates in decades. However, since the offers change practically weekly, it is critical for investors to keep a watch on the markets to ensure they are opting into accounts that provide the highest returns.
While there are several savings accounts available, ranging from cash ISAs to fixed rate bonds, quick access accounts are among the most user-friendly.
They normally enable savers to make payments and withdrawals with few limitations and with cheap initial deposits – and some offer returns as high as 2.9 percent.
While there are presently no quick access savings accounts that outperform the UK’s astonishing inflation rate of 11.1 percent, certain accounts provide higher rates than others. Money comparison site Moneyfacts has compiled a list of the top ten currently available.
Top ten savings accounts with quick access
1.savings accounts with quick access
Buckinghamshire BS’s Single Access Saver is at the top of the list, with an Annual Equivalent Rate (AER) of 2.9 percent.
This account needs a minimum deposit of £100 to start and can hold up to £500,000 in total. Interest is computed daily and paid on December 31 of each year.
However, only one withdrawal is permitted without notice or penalty between January 1 and December 31 of each year, after which no additional withdrawals are permitted throughout that calendar year.
A second withdrawal within a calendar year will result in the account being automatically closed.

2.Coventry BS’ Limited Access Saver
Coventry BS’ Limited Access Saver (Online) (6) comes in second with an AER of 2.85 percent.
This account may be started with a minimum of £1 and a maximum investment of £250,000. Interest is computed daily and paid yearly on the anniversary of the account’s opening date or monthly on the last day of each month.
Account users with a restricted access account may withdraw money up to six times per year without incurring fees. From the seventh withdrawal (which may include closure), a fee equivalent to 50 days’ interest on the amount removed will be levied.
3.Earl Shilton BS’ Progress account
Earl Shilton BS’ Progress account ranks third with a 2.85 percent AER.
The account is geared for those between the ages of 18 and 50, and it offers restricted quick access with a conditional incentive. This account needs a minimum deposit of £100 to start and a maximum investment of £180,000. On the final day of February, interest is computed daily and compounded yearly.
To qualify for the 2.85 percent incentive rate, you may make up to six withdrawals each year. If any more withdrawals are made, interest will reduce to 1.8 percent.
If any more withdrawals are made, interest will reduce to 1.8 percent.
4.Al Rayan Bank’s Everyday Save
Al Rayan Bank’s Everyday Saver (Issue 3) is ranked fourth, with an AER of 2.81 percent.
A minimum deposit of £5,000 is required to start this account, and customers may make unlimited free withdrawals. On the final
Interest is calculated and credited to the account on the last day of every month.
5.Buckinghamshire BS’s Triple Access Saver
Buckinghamshire BS’s Triple Access Saver is in fifth position with an AER of 2.6 percent.
This account, like the Single Access Saver, needs a minimum deposit of £100 to start. Interest is computed daily and applied yearly on December 31.
However, each year, up to three withdrawals are authorized without notice or penalty between January 1 and December 31, after which no additional withdrawals are permitted until the following year.
A fourth withdrawal within a calendar year will result in the account being automatically closed.
6.Cumberland BS’ eSavings Accoun
Cumberland BS’ eSavings Account (Issue 3) is ranked sixth, with an AER of 2.6 percent.
To start the account, a minimum investment of £1 is needed, and you may invest up to £50,000. Interest is compounded annually and applied to the amount, and withdrawals are authorized.
To create a Savings account, prospective clients must reside within Cumberland’s operational region.
7.First Direct’s Bonus Savings Account
With an AER of 2.6 percent, First Direct’s Bonus Savings Account ranks seventh.
To start the account, a minimum deposit of £1 is needed, and interest is computed daily and credited monthly.
On the assumption that no withdrawals are made, the 2.6 percent rate will be applied to the balance monthly. In the event of a withdrawal, a 0.65% AER will be imposed that month instead.
8.Harpenden BS’ Triple Access Saver
With an AER of 2.6 percent, Harpenden BS’ Triple Access Saver ranks eighth.
To start the account, a minimum deposit of £100 is needed, and interest is computed daily and applied yearly on December 31.
If more than four withdrawals are made in a calendar year, interest is reduced to 1.6 percent.
9. Atom Bank’s Instant Saver
Atom Bank’s Instant Saver ranks ninth with a 2.55 percent AER.
There is no minimum deposit necessary to start this account, and you may put up to £100,000 in it. Monthly interest is added to the balance, and withdrawals are limitless.
10.Tandem Bank’s Instant Access Saver
Finally, Tandem Bank’s Instant Access Saver ranks tenth, with a 2.55 percent AER.
There is no minimum deposit necessary to create this account, interest is paid monthly, and you may invest up to £250,000.