The Hodge Easy Access savings account offers you a convenient, flexible way to save. With no fixed term and a variable interest rate, you can access your savings at any time, no strings attached.
It’s a safe place for your money to grow when you don’t need it – and easy to access, when you do.
Our product
Our Easy Access savings account gives you quick and easy access to your money. Find out more:
Key features
- Access your money any time
- Minimum deposit of £1 to open your account, and a maximum balance of £250,000
- Unlimited deposits and unlimited withdrawals
- Ability to open multiple savings accounts for different savings goals
- Competitive variable interest rate – so your money is always growing
- Open and manage your account online
Easy Access explained
Thinking about opening an Easy Access account with Hodge? Find out more about how they work.
About our Easy Access account
Experience flexible access to your money and enjoy great interest rates. Our easy access account is designed to be a hassle free way to keep your money safe, with no strings attached.
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What is an Easy Access savings account?
Easy Access savings accounts give you quick and easy access to your funds. You can add money to the account whenever you want, and withdraw money whenever you want too. No limitations, no restrictions.
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How do Easy Access savings accounts work ?
With Hodge, managing your Easy Access account is simple. You can add funds to your Easy Access account by bank transfer, from your nominated account. Then login to our online banking portal to manage your account, check your interest rate and make any withdrawals. You’ll enjoy complete control over your savings without any restrictions.
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What is a variable interest rate?
A variable rate means the competitive interest rate you earn on your savings can change. Unlike a fixed rate account, the interest rate can rise and fall over time and is set out by the bank. We’ll let you know of any changes to your interest rate, ensuring you have clarity in your savings.
The details
- Your interest rate is variable – your interest rate can rise and fall over time. We’ll notify you 14 days in advance of any rate reductions. If the rate increases, we’ll let you know too.
- It’s a no strings attached savings account – there’s no fixed term and there are no restrictions when it comes to deposits or withdrawals.
- You can make unlimited deposits – unlike our other accounts, you can add money to your easy access account any time as long as it comes from your nominated bank account and doesn’t go over £250,000.
- You can withdraw money instantly – once you’ve opened your account, you can make as many withdrawals as you like, as long as you keep a minimum balance of £1.
- You can open multiple accounts – you can open multiple easy access accounts to help you save for specific goals.
- If you need to, you can close your account any time – you don’t need to give us any notice, you can close your account any time by withdrawing all your money and leaving a zero balance.
Terms and Conditions
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More on Easy Access
Find out everything you need to know about savings with an Easy Access.
The variable rate on our Easy Access savings account doesn’t track the Bank of England Base rate. There won’t be any immediate impact if the Bank of England base rate changes, but we’ll review our rate within a few weeks and let you know of any changes. If the variable rate is going down, we’ll let you know 14 days in advance.
Yes, you can open more than one Easy Access savings account with Hodge. It’s great if you want to make regular savings or a one off deposit.
For example an Easy Access account is a great option for emergency savings because you’ll have quick access to your money. You could consider saving three to six months’ worth of essential expenses to tide you over, or saving little and often to work toward a bigger savings goal.
A variable rate means your interest rate can go up or down, it is not fixed like other savings accounts. You can check your current interest rate using online banking, and we’ll let you know by email if we plan to reduce the interest rate on your account.
You can keep as much money as you like in your Hodge easy access account, as long as it’s between £1 and £250,000.
Anytime, any place. Online banking is a simple and secure way to manage your money. You can login and check your balance or make withdrawals whenever you want.
There’s a few great benefits to opening an easy access savings account, including:
- Flexible access to your savings: you can withdraw and deposit money whenever you want to, no strings attached.
- Variable interest rate: the interest rate rises and falls over time, meaning the rate you have at the time you open the account could increase. Keep in mind that the rate could also decrease.
- FSCS protection: up to £85,000 is protected by the Financial Services Compensation Scheme (FSCS), so you can be rest assured that your money’s safe and secure.
If you’re a UK resident over the age of 18, you can open an easy access account with Hodge. You’ll need a minimum deposit of £1, and a mobile phone number and email address to register for online banking.
You’ll also need to have a current account with another bank, that’s in your own name, to use as your nominated bank account so you can transfer money in and out of your savings account.
An easy access account is a type of savings account where you’re not locked into a fixed term, giving you peace of mind that you can access your savings should you need to.
