Five advantages of Easy Access savings accounts

If you are looking for a flexible approach to saving, the advantages of an Easy Access account may benefit you. With the opportunity to earn interest on your savings as well as withdraw money as and when you need it, this type of account could give you the best of both worlds.

The main advantages of an Easy Access account with Charter Savings Bank

1. Access savings when you need

   Your savings are accessible to you all the time. If you are saving for a specific purpose such as home improvements for example, whenever you need funds, you can withdraw them at no notice. And whilst you’re busy with your new project, you can be confident that your savings continue earning interest for you.

2. See your savings grow

   If you are new to savings, this type of account could be a great place to start. Your savings will generate interest giving you the confidence to continue saving, knowing you can access your funds at any time should you need. Just choose between having interest paid monthly or annually; monthly interest may help to supplement regular outgoings such as bills and annual interest could go towards a particular saving goal.

3. Peace of mind

   An Easy Access account means your savings are not locked away and there are no restrictions on when and how much you can withdraw. If you are saving towards retirement or enjoying retirement right now for example, the interest you earn could help to top up your monthly pension giving you that little bit extra or, you could let your savings grow giving you some financial security in case of an emergency.

4. Simple to open and easy to manage

   Our Easy Access accounts are straight forward to open and manage; everything can be done online from the comfort of your armchair, in your own time. If you need any support, you can contact us on 0800 032 9999 or [email protected]

5. Use your Personal Savings Allowance

   Personal Savings Allowance (PSA) allows most people to earn up to £1,000 in interest on savings without paying tax, but everyone’s circumstances are different. You can find more information here.

If an Easy Access account sounds like the right choice for you, read more or apply here or find out about the different types of Savings Accounts Charter Savings Bank offers - Fixed Rate Bond, Notice Account and ISAs.