Easy access savings accounts

This is a savings account that gives you access to the money you have saved without any penalties, in 2 or 3 working days. You’ll earn interest on your money, but generally less than you’d get with a notice or fixed term account.

There’s no limit to the number of easy access savings accounts you can have. You should be aware of the Financial Services Compensation Scheme (FSCS) limit of £85,000 as anything above that won’t be returned if there’s a problem with the bank you’re using. This limit applies to banking groups and not savings accounts, so you should make sure you aren’t saving more than £85,000 with a single group.

We won’t charge you for using the marketplace. Instead, we receive payments from the partner banks based on the amount of money deposited through Aviva Save. The savings accounts and interest rates offered directly by our partner banks may be different from the ones you see on Aviva Save.

As easy access savings accounts don’t have restrictions, you’ll want to find one with the best interest rate. You can see our current easy access rates on this page. 

There are a few easy steps to opening a savings account with Aviva Save. 

Firstly, you'll need to pick a savings account. From there, register for a MyAviva account if you don't already have one. It's the way you'll access your savings securely. To do this you have to be over 18 and a UK resident.

We'll also need a few details like your bank account and National Insurance number. Keep an eye on your email in case we need more information, and for confirmation that your registration is complete. You'll then be able to open any savings accounts you want with Aviva Save. 

We'll give you details of the transaction account that you'll use to fund savings accounts you open with Aviva Save. You'll move money from your bank to your transaction account, then it will be added to any Aviva Save accounts automatically - this takes around 2 business days. 

We'll send a security code by text or email to complete any transfers.

It depends on the type of account you have. Some accounts pay out interest monthly and others pay out yearly. You can find when interest is paid by going to your account details through the marketplace.

Not sure which savings accounts are right for you? Learn more about the different types of savings accounts available on our Aviva Save marketplace.

If you're a UK basic rate taxpayer, you can usually earn up to £1,000 a year tax-free on your savings, known as a Personal Savings Allowance. If you're a higher rate taxpayer, the tax-free amount is up to £500. If you are an additional rate taxpayer, you don’t get a Personal Savings Allowance. If your interest goes above your Personal Savings Allowance, it will be added to your income and taxed at the rate that applies to you. Taxation depends on your personal circumstances and rules may change in the future. To get the latest information on tax on savings interest, you can visit HMRC.

You can open an account if:

• You're aged 18 or over
• You're a resident in the UK, or you or your spouse or civil partner are a Crown servant
• You don't have citizenship rights or pay taxes in the US.

We've teamed up with Raisin UK to offer you Aviva Save. You're unable to open an Aviva Save account if you already hold savings account with Raisin UK or one of their partners (Smart Savings from Willis Owen or AJ Bell's Cash savings hub).

You can simply apply for Aviva Save online, but if you'd prefer some advice based on your personal circumstances, speak to your financial adviser. You can also visit MoneyHelper.