Easy access

Easy access is a term that relates to savings accounts and the ability to withdraw your funds without giving any notice. An easy access savings account will not usually pay as high a rate of interest as a savings account that requires a notice period for making withdrawals or sets a limit on the number of withdrawals allowed each year.

However, with an increase in the number of easy access online savings accounts this is less of an issue because online easy access savings accounts often provide very good rates of interest whilst retaining the easy access facility.

When looking for an easy access savings account it is important to shop around and check the terms and conditions carefully because some accounts impose hidden fees for making withdrawals and others will pay introductory bonus rates to entice customers but these rates will often revert to a very low rate of interest after the bonus period has expired. If this happens it is sensible to switch to a different easy access savings account that pays a higher rate of interest.

	AA increases rate to 3.20% on easy-access savings account The AA has raised the interest rate to 3.20% gross pa/AER on its Extra easy-access internet savings account from Thursday December 8th 2011.
	Easy access savings rates reach 30-month high Savers are enjoying the best rates of return on easy access accounts since March 2009, according to Moneysupermarket.com.
	Derbyshire Building Society unveils easy access online savings account Derbyshire Building Society, part of the Nationwide group, has launched its NetSaver account, offering easy access over the web and 3.11 per cent gross/AER.
	Easy access Cash ISA? A reader from London is looking for an ISA where she can get access to her funds quickly.
	Leeds Building Society offers new easy-access bond A rate of 2.75 per cent gross per annum is being offered by a new short-term fixed-rate postal bond from Leeds Building Society.