Easy Access

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.

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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. It’s open to UK residents over 18, and can be set up with a £10 deposit.

This type of account is great for getting into 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 needn’t worry about paying in a regular amount. You can put away as much, or as little, as you like. And, you’ll only need £10 to open an account. But, if you’re looking for an ISA with the same flexibility, you might be interested in our easy access ISA instead. 

The highlights

  • usersUK residents aged 18 or over
  • mouse-pointerOpen online with £10 today
  • check-circleEarn annual interest
  • thumbs-upFlexible access to your savings
  • sackUnlimited penalty-free withdrawals
  • mobileManage your account on the go

Why choose an easy access account?


Enjoy complete flexibility

Pay in whatever and whenever you like, without having to commit to fixed payments or limits on what you can save (up to a maximum of £250,000).


Dip in whenever you need it

Access your money anytime you need it. Enjoy unlimited withdrawals, without penalties or charges.


Earn interest on your savings

Put away what you can – and earn interest on top, helping those pounds stretch even further.

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 Bear in mind too that any of our products can be withdrawn at any time.

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.

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.

Use the calculator below to get an idea of how much you could save, and the interest you could earn:


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.

*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.

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?


Download and sign up

Install the Beehive Money app and follow the instructions you see on your screen. You can sign up for news and updates here too!


Take your pick of accounts

Once you have access to Beehive, choose from a Lifetime ISA to help save for your first home or retirement or one of our easy access accounts.


Set goals, achieve milestones

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.

Frequently asked questions

How much can I save in an easy access account?

There’s no limit on how much you can put away (up to a maximum of £250,000), which is just one reason our easy access account could be right for you.

How often can you withdraw money?
Whenever – and however much – you like, with absolutely no penalties to pay.
Is my money safe in an instant access account?
Yes, your money is protected up to £85,000 under the FSCS scheme. To find out more, ask at your local branch or go to
When is interest paid on instant access accounts?
It's paid each year, as a lump sum. But, for easy access accounts, the interest can be taxable, so it’s worth bearing this in mind when saving.
How does this account compare to an easy access ISA?

If you’re deciding between an easy access ISA and an easy access account, then it’s good to weigh up the pros and cons of each. While the ISA is tax-free, it’s also restricted by the yearly ISA allowance, or limit, on the amount of money you can deposit. Overall, you can only deposit £20,000 across all of your ISA accounts each tax year. There are no restrictions on how much you can deposit in the easy access account, but — depending on how much of your personal savings allowance you’ve used — it might be taxable.

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.


Looking for something different?

Don’t sweat it, we have a range of accounts you can choose from. Check them out below.

Lifetime ISA

If you’re 18-39 and looking to save for your first home, or set aside money for retirement, a Lifetime ISA could be ideal. This tax-free savings account is boosted by a 25% Government bonus, which means you could earn up to £1,000 a year in bonuses alone until you turn 50 – plus you’ll earn interest on top. 

See our Lifetime ISA arrow

Easy access ISA

If you're looking for a place to put away your savings – totally tax free – with anytime access, then our easy access ISA could be a great choice. There’s no charge on withdrawals and as for payments, you can make these as often as you like up to the annual ISA allowance.

See easy access ISA arrow

All savings accounts

Not sure about which account you’re after? You might want to lock your money away or maybe you’d rather have a pot you can dip into now and then, just in case. Whatever your goals and however you’d like to save, there’s an account for almost everyone at Beehive.

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