Top 10 easy access savings accounts with high interest rates

When the 12 months are up, the account will be transferred to an Everyday Saver.

Ranking third on the list is Al Rayan Bank’s Everyday Saver (Issue 3) with an AER of 2.35 percent.

A minimum of £5,000 must be deposited to open this account and people can make unlimited withdrawals free of charge.

Interest is calculated and credited to the account on the last day of every month.

Listing fourth on the list is Zopa’s Smart Saver with an AER of 2.15 percent.

There is no minimum amount to be deposited to open this account and interest is paid monthly.

The account also allows users to have multiple saving pots at different interest rates – but with different access requirements.

Nationwide BS’ 1 Year Triple Access Online Saver 15 ranks fifth with an AER of 2.10 percent.

The account allows up to three withdrawals during its 12-month term and if exceeded, the AER will drop to 0.30 percent.

There is no minimum deposit to open this account and interest is paid on the anniversary of its opening.

Coming in sixth is Tandem Bank’s Instant Access Saver with an AER of 2.05 percent.

There is no minimum deposit to open the account and interest is paid on balances up to £250,000.

Savers can add and dip into savings as often as they like with no penalties.

Ranking seventh, eighth, and ninth is Virgin Money’s Club M Saver, M Plus Saver, and M Saver with AERs of 2.02 percent.