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Easy access savings

An easy access savings account is one of the most relaxed accounts we offer. If you need a savings account that you can dip into anytime and withdraw whenever you like without penalties, then our easy access savings account could be the one.

What's an easy access account?

It’s a flexible account with very few restrictions, which makes it a great choice for those who want to put away money but be able to access it at any time, without charges or penalties.

This type of account is great for practicing good saving habits and gives you peace of mind that your money can still be easily accessed if you need to dip in now and then - whether it’s cash for a holiday or a one-off expense, like a broken boiler.

An easy access account is also commitment-free, so you don’t need to worry about paying in a regular amount. You can put away as much, or as little, as you like. But, if you’re looking for an ISA with the same flexibility, you might be interested in our easy access ISAs instead.

Who's eligible for an easy access account?

Our bonus saver account is open to UK residents over 18 and can be opened with a £1,000 deposit. It’s an online easy access savings account so you’ll need to be comfortable with this way of transacting. Check out some of the account details below to see if this could be the best easy access savings for you and your savings needs.

The highlights

  • Sack Maximum balance £85,000
  • Check Circle Duotone Earn annual interest
  • Handshake Duotone Flexible access to your savings
  • Lock Open Duotone Unlimited penalty-free withdrawals
  • Users UK residents aged 18 and over

Easy vs instant access savings accounts 

You might have heard, or searched for, the term ‘quick access savings account’ which is essentially what the easy access savings account is. The ‘easy’ part refers to your withdrawals and deposits as there aren’t many restrictions on how you do either as we’ve explained in the product details. 

You might have also heard of instant access savings which is also very similar but the key difference between instant and easy access savings accounts is the fact that instant only refers to branch-based savings accounts that you’ll find on the high street. It’s called instant access because when you withdraw in a branch, the cashier will instantly be handing your money over to you whereas when you withdraw with an easy access account you may have to wait a working day or two before your money appears in your Nominated Bank Account. 

To find the best instant access savings account for your savings goal you may want to check out The Nottingham for high street based savings.

Choose an account

You can open a savings account through the Beehive Money app. All of our accounts are just for UK residents; we pay interest annually; and how often (and how much) you can withdraw depends on the account. Bear in mind too that any of our products can be withdrawn at any time.

You should regularly review any savings you have. See our range of savings accounts below, compare interest rates and find the right product for your goals.

Need help deciding? Choose how much you’re likely to deposit to see the estimated total interest you could earn in 12 months. We’ve calculated it using the AER (Annual Equivalent Rate), assuming you’ll put in the amount you’ve chosen on the day that account launches. This gives you an idea of how much interest you might earn, based on your deposit.

Choose Account Rounded

*We will pay your interest without tax taken off. It is your responsibility to declare any interest you earn over your personal savings allowance directly to HMRC. Your tax treatment will depend on your individual circumstances and may be subject to change in the future, for further information please contact HMRC. AER stands for Annual Equivalent Rate. It shows what the interest rate would be if the interest was re-invested in the account each year. Interest rates are variable unless otherwise stated.

Things to know
Your gross rate is the amount of interest you’ll earn each year before tax. AER, or Annual Equivalent Rate, is designed to make savings accounts easier to compare. The AER will show you what your interest rate would be if interest was paid back into your account. For accounts that pay interest annually, the gross rate and the AER should be the same. For accounts that pay interest monthly the AER will be slightly higher than the gross rate. This is because if you leave your monthly interest in the account you’d start to earn interest on the interest.

These are just estimates and they’re for illustrative purposes only. Deposit examples may not reflect actual product deposit limits. We’ve based our calculations on the assumptions that the account is opened the day it’s made available; the interest rate doesn’t change; interest is paid straight into your account; and that you don’t put in any more money or take it out. So, if any of these things change, so will the amount of money you earn on your deposit.

Get a reminder

This account () isn't quite ready yet – we’re sorry about that. If you leave your name and email address, we’ll send you a message as soon as it’s up and running.


We will email you when this type of savings account becomes available.


Ready to get started?

Step 1

Get registered!

To join Beehive Money you can do this one of two ways. You can register on your desktop, or if you'd prefer you can install our app and follow the instructions on your screen.

Step 2

Take your pick of accounts

Once you have access to Beehive, choose the account that's right for you. We have a whole range available, such as fixed rates, easy access accounts, Cash ISAs and the Lifetime ISA.

Step 3

Set goals, achieve milestones

We know that you’re more likely to achieve your dream if you set goals. Our goal tracker and a helpful milestone will help motivate you to save for a brighter future.

Your savings are protected

Your savings will be protected up to a total of £85,000 by the Financial Services Compensation Scheme. There’s more about that here.

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