For those looking to set up a savings fund, depositing the £ 1,000 into an account that allows for additional additions may be the best option. Easy-access savings accounts are often a good choice as they allow both additional additions and easy withdrawals from the account. That said, savers should be aware that many higher paying easy access accounts have withdrawal restrictions, such as limiting the number of withdrawals that can be made, so it is important to be aware of this before opening the account. account.
The highest rate in the Easy Access Savings Accounts table on accounts available to new customers is 0.50% AER. Atom Bank offers this rate on its Instant Saver, which allows unlimited additions and withdrawals, but is only available through the mobile app. ICICI Bank UK and Virgin Money pay 0.50% AER to their respective SuperSaver Savings Account and Club M Saver accounts, but these two accounts require the opening of linked products in order to open the accounts. Unlimited additions are allowed on these accounts and while withdrawals can be made, they must be made through the linked products.
The highest paying Easy Access Savings Account available to new customers that does not require opening a specific linked product or app and allows unlimited withdrawals is the Easy Access Online Account. Hampshire Trust Bank line (number 3). This account requires a minimum deposit of £ 1000 to open and allows for further additions. Although withdrawals are unlimited, they must be made through a designated account. Those interested in this account can find out more information or open it online here.