Top easy-access savings accounts with a maximum return of 475 percent

The easiest-to-access Chase Saver with Boosted Rate 4.75 percent AER is the best one.

During the first 31 days after opening a Chase saver account, you can receive a 4point 75 percent boosted rate. In addition to the standard variable rate, it includes an additional 1.5 percent AER that is fixed for six months. However, since this offer could be withdrawn at any time, you might need to move quickly.

You can deposit up to 3 million, and there is no minimum amount required. Only new clients are eligible for this offer. Online account opening is available, and interest is paid on a monthly basis.

Check out the Monument Bank Limited Access Saver 4.75 percent AER deal.

With this limited saver account, you are able to withdraw up to three times annually. Your interest rate will drop by 0.5 percent for the remainder of the year starting with your fourth withdrawal. You can use the Monument Bank app to open and manage the account.

This account requires a minimum deposit of £25,000 and a maximum deposit of £2 million. Remember that the FSCS only provides protection for up to 85,000.

AER for Sidekick Money Sidekick High Yield Cash Reserve: 4.75 percent.

You can open this saver online with a minimum opening balance of £1,000 and make as many withdrawals as you like without it affecting your interest rate. The account has a maximum investment limit of £500,000. Only 85,000 will be covered by the FSCS.

In addition to a 0 percent 45 percent bonus for the first 12 months, the interest rate is 4 percent 75 percent for balances between £1,000 and £34,999. For balances of 35,000 and above, the rate is lowered to 4.3 percent and is not bonus-inclusive.

Triple Access Online Bonus for Principality Building Society 4:7% AER.

This easy-access saver lets you save up to 1 million dollars at 4 percent interest, starting with just a single investment. A 0.5 percent bonus for the first 12 months is included in this rate.

Three annual withdrawals from this account won't have an impact on the interest rate. Accessible online.

Access Saver 5 Coventry Building Society 4point 85 percent AER.

The Coventry Building Society's 4.66 percent rate is applied to all balances ranging from 1 to 250,000. Before a 50-day interest penalty is applied, you are allowed to take money out of the account five times.

It should be noted that the variable rate will drop to 4 percent AER for annual interest or 4 percent AER for monthly interest as of March 3, 2025.

This account is openable online.

The AER of the West Brom Building Society Four Access Saver is 4point 65 percent.

This saver allows you to earn 4 percent on balances between £1 and £1 million. Note that the FSCS only covers 85,000 when making larger deposits.

A year's worth of withdrawals are permitted without penalty. You will pay less in savings if you take out more than you can afford. You can open the account online, and interest is paid once a year.

The AER for Vida Savings Defined Access is 463%.

You will be able to earn 4 percent interest on deposits between 10 and 85,000 dollars in this savings account. Every year, interest is paid, and it can be compounded or paid out.

A lower interest rate will apply if you take money out of this account up to four times annually. Open on the web.

4.6% AER is the Atom Bank Instant Saver Reward.

Although there is no minimum initial deposit and you can deposit up to 100,000, only 85,000 of your deposit will be covered by the FSCS.

When you withdraw, the rate you receive decreases to 3 to 25 percent. You can access the saver through the Atom app, and interest is paid when it matures.

The AER for Charter Savings Bank Easy Access is 4:57.

Save up to £1 million by opening this account with £5,000, but be aware that the FSCS will only protect 85,000 of your deposit.

You can access the saver online, and interest is paid every year when it matures.

The AER for the Kent Reliance Easy Access Account is 4:56.

You can save up to £1 million with this account, which has a £1,000 minimum deposit requirement. To keep the account active after opening the saver, you must always maintain a minimum balance of 1.

You have the option of opening the account in person or online, and you can choose whether to have interest paid on a monthly or yearly basis.

Easy-access accounts: how do they operate?

Keeping an eye on rates and switching to another account when the rate drops is a smart idea because some banks and building societies offer introductory rates to get you to open an account.

Many people question whether UK interest rates will continue to decline despite the Bank of England's two interest rate cuts in 2024. Savers may experience a surge in activity in the savings market as a result of the base rate decline, which might not be advantageous to them. As a result, you will need to act quickly if you find a good rate because some of the best ones might not last for long.

And it's worth comparing rates frequently to make sure your savings are making the most of their potential if a market-leading account you opened a few months ago is no longer offering a good rate.

When is it possible to take money out of an easy-access account?

To encourage you to open an account, some banks and building societies offer introductory rates. It is wise to monitor rates and move to a different account when the rate decreases.

You should normally have unrestricted and flexible access to your savings with easy-access accounts.

Savings accounts that limit withdrawals while maintaining the label of "easy-access" are currently popular. Loss of interest or switching to a lower interest rate is typically the penalty for exceeding the limits.

Before opening an easy-access account, you should carefully review any withdrawal restrictions that may limit how often or how much you can withdraw.

Learn More about the Compensation Plan for National Savings and Investments Financial Services.