Goodbye notice periods, hello flexibility. When life happens, your savings should have your back. They’re there for the uh-oh moments when the boiler is on strike or the car’s giving you grief, to the why-not moments, like booking a spontaneous getaway or planning for a big life goal. That’s why we created our Easy Access savings account – savings that grow your money while staying within reach for when you need it most. Flexible, accessible, no strings attached.
What is an Easy Access savings account?
Hodge’s Easy Access savings account offers the perfect balance between flexibility and convenience. It allows you to deposit and withdraw money whenever you choose, with no fixed term or penalties. Easy Access means you have full control over your savings to manage your money, your way.
How your Hodge Easy Access savings account works
We want your savings journey with us to be as effortless as possible. That’s why our Easy Access savings account has no strings attached.
- Deposits: add money whenever you like, starting with as little as £1.
- Withdrawals: access your money instantly, at any time. There’s no notice or penalties - just freedom.
- Online access: our secure online banking portal makes it simple to check your balance, transfer funds and track your interest.
- Competitive interest rates: we regularly review our rates to ensure your money continues to grow. The rate is variable, which means it can go up or down.
- Balance of up to £250,000: ideal for those with larger savings looking for flexibility.
- Multiple accounts: keep your savings organised by opening more than one account – great for separating your savings goals.
Why choose Hodge’s Easy Access savings account?
We know you’ve got options, so what makes our account stand out?
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Flexibility without compromise
Many Easy Access accounts come with limitations such as withdrawal restrictions, bonus rates tied to conditions or caps on deposits. Not ours. With Hodge you have full control of your money - no strings attached.
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A competitive interest rate
Grow your savings while keeping them accessible. Our variable interest rate is designed to help your money work harder for you. We’ll keep you informed if your rate goes down, so you stay in control.
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FSCS Protection
Your money’s safety is our priority. That’s why your deposits with us are protected up to £85,000 by the Financial Services Compensation Scheme (FSCS).
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Multiple accounts for multiple goals
Want to save for a holiday and a rainy day at the same time? No problem. You can open multiple Easy Access savings accounts with Hodge and dedicate each to a specific savings goal.
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Support when you need it
We pride ourselves on our exceptional customer service. Whether you have a query or need assistance managing your account, we’re here to help.
Do I pay tax on interest I earn from my Easy Access savings account?
Most people don’t pay tax on the interest they earn from savings thanks to the Personal Savings Allowance (PSA). It’s mainly people with lots of savings or who are an additional rate tax-payer that need to worry about interest.
If you’re a basic-rate taxpayers you can earn up to £1,000 in savings interest tax-free and if you’re a higher-rate taxpayers, you can earn up to £500 in interest tax-free.
Find out more about paying tax on your savings here.
Ready to cut the strings and start saving?
Our Easy Access savings account gives you the freedom, flexibility and security you need to make the most of your money. It’s simple to open, easy to manage and there’s no waiting around when you need your savings.
Complete our online application to open your Easy Access savings account.
This article is correct at time of publishing and for general information purposes only. We recommend you speak to a professional financial adviser for advice. You can find a financial adviser and further personal finance information at unbiased.co.uk.