Martin Lewis's Money Saving Expert (MSE) has identified this week's best easy access savings accounts, including one offering 5% on up to £25,000. Analysis from MSE shows that app-only provider Revolut is offering this rate for six months to new customers until December 4. The account provides unlimited withdrawals via its current account, which MSE describes as free and simple to open. Interest is paid daily, and the account can be opened through the Revolut app.
Cahoot is offering the same rate of 5% AER on its Sunny Day Saver account on balances up to £3,000 for 12 months. As an easy access account, savers can add and withdraw money whenever they wish.
For those who prefer to keep their cash with big-name banks and building societies, MSE lists Ulster Bank's Limited Edition Saver. This 12-month account requires a minimum deposit of £5,000 and allows a maximum of £3 million, securing a 1.55% AER rate plus a fixed bonus of 2.75% AER. MSE hails this account as fuss-free.
Yorkshire Building Society's Triple Access eSaver offers a rate of 4.2% AER, permitting withdrawals on three days per year. This online account can be opened with as little as £1, with a maximum of £500,000 allowed. Interest is paid one year after the account is opened.
Cahoot's Simple Saver provides a variable rate of 4.17% for 12 months, openable with £1 and a maximum deposit of £500,000. Interest can be paid monthly or annually, and the account can be opened online. Cahoot is part of Santander.
Two additional easy access options from big-name providers listed by MSE are from Tesco Bank and the Post Office. Tesco Bank's Internet Saver offers 4.16% AER, including a 12-month fixed bonus of 3.11% AER on balances up to £1 million. Savers can withdraw any amount at any time without fees, and an account can be opened with just £1. There are no limits on how much can be saved.
The Post Office's Online Saver account lets savers choose monthly or annual interest. This account can be managed online and offers 4.15% AER, including a 3.25% fixed bonus for 12 months. It is backed by the Bank of Ireland UK.
All rates listed are current at the time of writing but are subject to change. This article is for information purposes only.
