Easy-Access Savings Accounts for January 2024 – Earn Up to 5.2%

Easy-Access Savings Accounts for January 2024: With inflation at 4%, easy-access savings now earn more than inflation, even though the top easy-access rate is a little less than the base rate of 5.25%.

While NS&I took back its market-leading 6.2% one-year fixed bond, savers will still find that one-year fixed savings accounts have the best rates. SmartSave Bank’s 5.16% one-year fixed bond is the best of the bunch. But savings accounts that are easy to get to are getting more popular because they don’t lock up your money.

The variable rate of 7% comes with a bonus of 2.5% for the first year after starting the account. There is no minimum amount to save, but interest is paid on amounts up to £4,000.

You can also get your money out whenever you want by using online or mobile banking to move money to another account.

This account can be opened in a store or online, and interest is paid every month. Please keep in mind that your Edge Saver will become an Everyday Saver if you close your Santander Edge deposit account. If this is the case, you will be told about the change about 60 days ahead of time.

Easy-Access Savings Accounts for January 2024

Loyalty Saver at Ulster Bank- 5.2% AER

The rate on Ulster Bank’s easy-access account has gone up from 2.25% to a top rate of 5.2% AER. Ulster Bank is part of the NatWest group.

For the rate, you need to put down at least £5,000. If you put down less than that, the rate drops to 2.25 percent.

The Loyalty Saver account from Ulster Bank is an easy-access savings account that can only be started and managed online. It’s open to both new and old users.

Interest is paid once a year and when the account is closed.

Triple Access Saver from Coventry BS – 5.15`% AER

You can save up to £250,000 in this limited-access account, which costs just £1 to start. Your savings are safe up to £85,000 thanks to the FSCS.

Three times a year, you can only take money out of your account. After the fourth exit, you will be charged 50 days’ worth of interest on the amount you are taking out.

The saver can be opened on the web. Interest is paid once a month or once a year.

Easy-Access Savings Accounts for January 2024: 5.12% AER Cahoot Simple Saver

You can open this easy access saving account with just £1 and save up to £2million. Keep in mind, though, that the 5.12% rate is only good for amounts up to £500,000.

For one year, the rate will change, and you can start this account online. Interest is paid once a year. Your rate will drop to 5% if you choose to be paid every month.

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Kent Easy Access Account with 5.11% AER

You can save up to £1 million in this account, which needs a minimum deposit of £1,000. Once you open the saving account, you must always have at least £1 in it to keep it active.

You can open the account in person or online, and you can choose whether to get interest every month or once a year.

Cynergy Bank Easy Access Account is 5.1% AER

You can open this saving account with just £1 and save up to £1,000,000. For the first 12 months, the rate comes with a 1.1% AER bonus.

This account can be opened online, and interest is paid once a year.

Easy-Access Savings Accounts for January 2024: Leeds BS Limited (Issue 53) for 5.1% AER

You can open this account with £1000 and save up to £1,000,000. The rate you earn drops to 0.05% if your balance goes below £1,000. The FSCS will also cover up to £85,000 of your savings.

You can start the saver online, and interest is paid every year when the term ends.

The Charter Savings Bank Easy Access rate is 5.08% AER

Save up to £1 million in this account, which you can open with £5,000. When your amount drops below £5,000, the rate you earn goes down to 0.10%. The FSCS will also cover up to £85,000 of your savings.

You can start the saver online, and interest is paid every year when the term ends.

Chip Instant Access Account* and get up to £50 cashback, which is 4.84% AER

You earn less than 5%, but you can earn 50p more with this saver than with the best-paying Metro Instant Access Account with the Chip £10 cashback. If you are qualified for £50 cashback, you will earn £12 more.

With just £1, you can open an online Chip account and save money. You can put up to £250,000. You can get up to £50 cashback if you use our unique link*.

You must pay the minimum amount within seven days of opening your account in order to get this deal. You also have to keep at least the minimum amount in the account for six months.

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Easy-Access Savings Accounts for January 2024: WHEN CAN I TAKE MONEY OUT OF EASY-ACCESS ACCOUNTS?

In theory, easy-access accounts should let you get to your savings whenever you want.

There is a trend, though, for savings accounts to limit the number of times you can take money out, even though they are still called “easy-access” accounts. But some, like Paragon Double Access and Coventry BS Triple Access Saver, make it clear in the name.

If you go over the limits, you usually lose interest or get a lower interest rate as a punishment.

This means that before you start an easy-access account, you should carefully check to see if there are any withdrawal limits. These limits could affect how often or how much you can take out.