Best savings rates

Internet savings Accounts

If you are happy to bank online, you could get a great deal with an internet savings account. Our best buy tables help you find the juiciest offers…

TOP SAVINGS RATE
ING Direct Savings ING Direct Savings Account
Get a top savings of 2.75% AER rate with ING Direct.
Instant Access to your money, with no charges.
Start saving from a little as £1.

Instant access only accounts

CompanyPackage NameInterest Rate (AER)Notice PeriodMinimum BalanceInterest PaidAccount Access 
ING Direct Savings2.75%Instant£1MonthlyOnline
Post Office Online Saver2.75%Instant£1Monthly/AnnuallyOnline
Barclays E-savings account0.10%Instant£1QuarterlyOnline
e-SAVER Issue 32.40%Instant£1AnnuallyOnline
Santander eSavers Direct2.75%Instant£1AnnuallyOnline
RBS Direct SaverUp to 1.5%Instant£1AnnuallyOnline
e-Savings1.00%Instant£1MonthlyOnline
Essentials1.30%Instant£1MonthlyOnline, Phone

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Our finance expert

Our expert says...

Our finance expert gives his top savings tips...

  • Compare deals – It may sound obvious, but it is crucial that you shop around and compare deals to make sure you get the best rate possible.

What are internet only savings Accounts?

These are savings accounts managed exclusively online, and you usually have limited access to bank branches and ATM machines.

What are the benefits of Internet Only Savings Accounts?

You receive a higher level of interest compared to standard savings accounts in return for subjecting the banks to fewer costs.

Moving money between accounts via the internet is often easier than it would be in branch.

What else should I know about Internet Only Accounts?


  • Only apply for this type of account if you have constant and easy access to the internet, and preferably if you already bank online.
  • Security is paramount. Ensure that you have an alpha-numerical password and never write this password down. It’s good practice to change your password regularly.
  • Always read and understand the small print for each account. Some accounts will not allow you to earn interest during a month that you make a withdrawal.

For more information on savings accounts read our tips on how to supersize your savings, or read our guide to the difference between ISAs and standard savings accounts.