Easy Access Saver
Available for Fixed Saver 1 Year customers maturing on or after 21 August 2025.
Here’s what you should know
Managing your account online
Summary box for Easy Access Saver
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1.00% AER/ 0.99% gross on balances of £1 and more (maximum balance £9m). The interest rate is variable. The rate applies to the full balance. Interest is paid monthly, on the same date your account was opened.
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Yes. As this account pays a variable rate of interest it can change over time. We’ll always let you know of any planned changes to the rate. Our Easy Access Saver terms and conditions explain when and how we do this. For example, we might review the interest rate if the Bank of England base rate changes.
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For example, if you deposit £1,000.00 when you open the account, the balance after 12 months will be £1009.96.
This assumes:
- the interest rate stays the same for 12 months
- you make your deposit on the day you open the account, and you don't add more money after that
- you don't withdraw any money or interest.
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If you have a MBNA Fixed Saver 1 Year account, it will change into this account at the end of its term if you don’t give us other instructions.
This account is not available to any other customers.
This account can be managed:
- online
- by phone.
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You can withdraw money from this account and there are no charges for doing so.
If you’re registered for online services, you can transfer your money to any UK current or savings account that you’ve set up as a payee online. You can also send a payment to an existing payee by calling us. If you’ve not registered for online services, you can take your money out by electronic transfer to any UK current account in your name. You can do this by calling us.You can close your account at any time.
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Savings terms explained
Gross rate means we won’t deduct tax from the interest we pay on money in your account. It’s your responsibility to pay any tax you may owe to HM Revenue & Customs (HMRC).
AER stands for Annual Equivalent Rate. Whenever you see an advert for a savings account that shows an interest rate, you’ll see the AER. This means you can use the AER to compare accounts. It shows what the interest rate would be if your interest was paid and compounded once each year.
For more definitions, view our savings glossary.
Let’s take a closer look
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You can pay money into your account by bank transfer, using the sort code and account details we provide.
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Log in to online services, select ‘Make a payment’ and follow the steps.
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Our faster payments limits are:
- Online £100,000
- Phone £25,000
Other payment limits may apply, depending on the transaction you want to make. For example, we set some limits to protect customers’ accounts.
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Before you close your account, you'll need to withdraw all of the money in it. While logged into online services, select More actions, Account services, Close account. A window will then open where our Virtual Assistant will complete the closure for you.
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You can check your account balance, transactions and interest rate anytime by logging into online services. If your account has a balance that earns monthly interest, we’ll send you a statement by post each month. You’ll also get a yearly statement showing a summary of your account for the year.
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If you need help looking after your money, you can give someone you trust access to your accounts. Find out about the different options available and how to become or appoint a representative.
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