Instant Access Savings AccountGet Unlimited Access to your Money

An instant access savings account is ideal if you are saving up for a possible emergency, where you are likely to need funds within a day. Unlike other types of savings account, you are not charged a penalty for withdrawing money from the account. The downside to an instant access savings account is that you are likely to earn a lower rate of interest than you would if you committed to locking your money away for a set period of time. More info

Instant Access Savings Accounts can be managed in a number of ways, over the phone, on the Internet, by telephone or in-branch, making them an extremely flexible way to save. Depending on the provider, you may be given a cash card which will enable you to withdraw your savings via a cash machine. When you open an instant access savings account, you may find that you are offered an introductory rate of interest, which decreases when you have had the account for a set period of time. Since the instant access savings account does not usually offer the most competitive interest rates in the first place, it is worth keeping an eye on other accounts in the market to ensure you are always getting the best return on your money. Less