Click on the name of the bank or building society for further information about the account.

Disclaimer: All rates are subject to change, please check with the bank or building society before investing.

CompanyName of AccountGross Interest RateAERNotice PeriodMinimum DepositType of Account
Flexible Saver4.00%4.00%Up to 4 withdrawals are allowed each year £20Internet, Branch, Post
Direct Bonus Account 33.13%3.13%4 penalty free withdrawls per year£10,000Post
MySave Online Plus3.08%3.12%1 withdrawal allowed per year£1,000Internet
eSaver Issue 43.10%3.10%None£1Internet
Skipton building societyOnline Bonus Saver3.05%3.05%None£1,000Internet
Online Saver Issue 43.01%3.01%None£1Internet
Postal Bonus Saver3.01%3.01%None£5,000Internet, Post
Family Saver3.00%3.00%None£1Internet, Telephone, Branch, Post
ING DirectSavings Account2.86%2.90%None£1Internet, Telephone
Easy Access E-Saver2.85%2.85%None£1Internet, Branch, Post

An instant access account provides you with greater freedom than other accounts which may require notice to access money.

The interest rate payable tends to be lower than for accounts that require notice or tie your money up for a number of years.

The rate of interest for instant access accounts are generally variable and can change with very little notice, it therefore pays to keep an eye on the return you are getting to ensure it is still competitive.

These are some of the simplest accounts available, and can often be opened in a variety of ways, including via the internet, by post and in person at a branch.