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

The account allows up to three withdrawals during its 12-month term and if exceeded, the AER will drop to 0.30 percent.

There is no minimum deposit to open this account and interest is paid on the anniversary of its opening.

Listing fourth, fifth, and sixth on the list is Virgin Money’s Club M Saver, its M Plus Saver, and its M Saver with AERs of 2.02 percent.

There is no minimum deposit to open and interest is paid quarterly for each account.

The Club M Saver comes with added travel and insurance benefits and costs £14.50 a month, while the M Plus Saver and the M Saver have no monthly costs and come with other smart tools to help manage money.

In seventh place is RCI Bank UK’s Freedom Savings Account with an AER of two percent.

This account requires a minimum deposit of £100 to open and interest is paid after 12 months.

It also allows people to make unlimited payments and withdrawals without facing a penalty. The maximum investment is £250,000.

Coming eighth is Yorkshire Building Society’s Internet Saver Plus Issue 12, also with an AER of two percent – although is tiered.

An AER of 1.8 percent is applied to savings up to £1,000, while savings up to £10,000 and £50,000 will be awared an AER or two percent and 2.05 percent respectively.

A minimum of £1 is required to open the account and interest is paid yearly.

Principality BS’ Online Double Access (Issue 2) ranks ninth with an AER of two percent.