Deposit Rates - Easy Access

Continuing with our theme of looking at the best deposit rates currently on offer this month we wanted to revisit the tricky area of easy access deposit accounts.

This could be the account in which you store your rainy day funds or money simply there for an emergency. Whatever it's use it tends to be the place where you keep savings which you are not prepared to tie up for any period such as a notice type account or even a longer term fixed rate bond.

This is traditionally the place where you receive the lowest of interest rates but it does not have to be this way. A little shopping around can find easy access accounts with a slightly higher rate of interest. With inflation starting to fall slightly it is very important to  make sure you do all you can to try and preserve the real value of your money over the longer term.

With this in mind we have taken a look at some of the best easy access accounts out there at present.

Allied Irish are offering an easy access reward account with interest payable annually. This offering has a very generous 3% gross per annum and the account can be managed by post or telephone.

If you would prefer to receive your interest more regularly then ING offer their account which pays montlhy interest at a rate of 2.90% gross per annum. This account can be managed online or by telephone.

Finally, are you looking for a more tax efficient offering? Then Virgin 's Easy Access Cash eISA is currently paying in interest rate of  2.85% per annum.

As always I hope this information is useful to you - if there is a specific area that you would like us to comment on then don't hesitate to let us know. 

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