Best savings accounts 2022: Top 10 easy access savings accounts with high interest rates | Personal Finance | Finance

Up to six withdrawals are permitted per year to qualify for the 2.85 percent bonus rate. If any more withdrawals are made, interest will reduce to 1.8 percent.

Ranking fourth is Al Rayan Bank’s Everyday Saver (Issue 3) with an AER of 2.81 percent.

A minimum of £5,000 must be deposited to open this account and people can make unlimited withdrawals free of charge. Interest is calculated and credited to the account on the last day of every month.

In fifth place is Buckinghamshire BS’ Triple Access Saver with an AER of 2.6 percent.

Similar to the Single Access Saver, this account requires a minimum deposit of £100 to open and interest is calculated daily and applied annually on December 31.

However, up to three withdrawals are allowed between January 1 and December 31 each year without notice or penalty, after which no further withdrawals are permitted until the following year.

A fourth withdrawal within a calendar year will result in the automatic closure of the account.

Placing sixth is Cumberland BS’ eSavings Account (Issue 3), also with an AER of 2.6 percent.

A minimum deposit of £1 is required to open the account and up to £50,000 can be invested. Interest is compounded and applied to the balance yearly, and withdrawals are also permitted.

However, new customers must live within Cumberland’s operating area to open a Savings account.

In seventh place is first direct’s Bonus Savings Account with an AER of 2.6 percent.

A minimum deposit of £1 is required to open the account and interest is calculated daily and credited monthly.

The 2.6 percent rate will be applied to the balance monthly on the basis that there are no withdrawals made. On the occasion a withdrawal is made, a 0.65 percent AER will be applied that month instead.

Harpenden BS’ Triple Access Saver places eight with an AER of 2.6 percent.

A minimum deposit of £100 is required to open the account and interest is calculated daily and applied annually on December 31.

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