Easy access accounts

Easy access accounts give you the freedom to access your money when you need it. The idea is you can earn interest on the money you pay into the account; but you can also access that money if you need to.  

There can be limits though. Some of our easy access accounts do let you make unlimited withdrawals. However, others have withdrawal limits.

For example, a ‘double access’ account allows for two withdrawals each year. A ‘triple access’ account allows for three withdrawals each year. Make sure you check how many withdrawals you can make before applying for an easy access account.

An easy access account could suit you if:

• You need to be able to access your savings for emergencies or unplanned costs.
• You want to be able to access your savings to spend on treats or luxuries. 
• You don’t have a huge amount of disposable income but still want the option to save.

You can open most of our easy access accounts with an initial deposit of as little as £1. 

Some of our ISAs are easy access. With an easy access ISA you can make payments in and withdrawals; although there may be a limit on how many withdrawals you can make.

If you open one of our easy access ISAs you should remember:

• You can only pay in a maximum of £20,000 into an ISA each tax year.
• Withdrawing money from an ISA can impact your tax advantages. 
• With a flexible ISA you can withdraw money and replace it before the end of the same tax year, without it affecting your annual ISA allowance.