Economy

Best easy-access savings accounts: Banks offering interest rates of up to 3.35 percent

  • 28. Mar 2023. 21:02
  • By The EU Times
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If you're looking for the best easy-access savings accounts, you'll be pleased to know that some banks are offering interest rates of up to 3.35 percent. With the Bank of England base rate at 0.1 percent, these accounts offer much better returns than the average savings account.

The top easy-access savings account is the First Direct 1st Account. With this account, you can earn up to 3.35 percent on your savings, and you can also make up to five withdrawals a month without any charges. The minimum deposit is £1, so it's ideal for those looking to start small.

Next up is the HSBC Flexible Saver, which offers an interest rate of up to 3 percent. This account is suitable for those who want to maintain a minimum balance of £5,000 and are able to make up to four withdrawals a month without any charges.

Another great option is the Coventry Building Society's Instant Access Savings Account. With this account, you can earn up to 2.75 percent on your savings and you don't need to maintain a minimum balance. You can also make up to four withdrawals a month without any charges.

Finally, the Tesco Bank Regular Saver offers an interest rate of up to 2.6 percent. This account requires you to deposit at least £25 each month, and you can make up to four withdrawals a month without any charges.

These easy-access savings accounts can be great for those looking for a safe way to save and earn a good interest rate. However, it's important to remember that these accounts are not protected by the Financial Services Compensation Scheme (FSCS). So make sure you read the terms and conditions carefully before signing up.