Easy Access Accounts Best Buys

If you do not want to have your money tied up without the ability to access it, then an easy access account is the one for you. You can take your money out at any time without incurring a penalty – which is usually a loss of interest paid – but the chances are you will be paid less in interest than you would if you chose a notice account.

Most easy access accounts can be opened with as little as £1, so they are great for people who are just getting into the savings habit and may need to access the money at short notice. Sometimes you will be offered an incentive in the form of a bonus interest rate for a period of time – often six or 12 months – and you need to check that the rate on the account is still competitive once this has been taken away.To make life easier for you, MyMoneyDiva has teamed up with Savings Champion to give you access to its Ratetracker – a free service that watches the entire savings market and will tell you when you can get a better rate elsewhere.

Easy Access Accounts Best Buys