Instant Saver | Instant access savings

Instant Saver

Our free instant access savings account

You can open the account with just £1


Instant access to your money when you need it

Awarded the 5 star Fairbanking mark for helping customers manage money better


Open a savings account today...
Instant Saver at a glance Reach your savings goal with our free instant access savings account
Get into a savings habit

Whether you find that setting savings goals or using our budgeting tool is best, an Instant Saver can help you on your path to saving regularly, whatever the reason.

Instant access to your money

An instant saver is very simply a savings account without withdrawal penalties. 

Online, by phone or in branch

You can manage your account in whichever way suits you, the choice is yours. Our telephony and branch staff will be happy to help, or our award winning apps are at your fingertips.

Interest paid monthly

Interest is calculated daily and will be paid into your account every month. While interest rates are not fixed, we'll always tell you if they're going to change.

Important information and documents:
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Interest rate information

Balance AER/Gross p.a. (variable)
£1-£24,999 0.10%
£25,000-£999,999 0.20%
£1,000,000+ 0.25%

Interest is paid on a tiered basis which means you'll earn one rate on your entire account balance. Interest is calculated daily and paid on the first business day of the month and at account closure. 

Will the interest rate change? The interest rate is variable, so it can go up as well as down.

Annual Equivalent Rate (AER). This is a notional rate used for interest bearing accounts which illustrates the interest rate if paid and compounded each year. It helps you to compare the effective rates of credit interest on different accounts.

Gross Rate. This means the interest rate you are paid without the deduction of basic rate income tax.


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You must be 16 to open this account

If you're under 16 or looking to open an account for a child, then a First Saver account may be more suitable.


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Looking for something different?

Our Savings Builder pays 1.5% AER/Gross p.a. (variable) on balances up to £5k if you grow your savings by £100 or more each month, or 0.1% AER/Gross p.a. (variable) in any month you don't 

Instant access to your money

Start saving from just £1

Find out more
Add your signposting title here… Save twice as much with a
Savings Goal

Customers who actively use our Saving Goal Tool in online banking save twice as much as those who don't - so why not start today? 

Whether you are saving for a holiday or a rainy day you can set up a goal, track it and achieve it.

Instant Saver with Savings Goals has been awarded the 5-Star Fairbanking mark for helping customers manage money better. What is the 5-Star Fairbanking mark?


Try the Savings Goal Tool demo
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