Easy Access Savings Accounts

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: eligible deposits up to £85,000 are 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 provide us details of a personal UK bank or building society current account in your name, which we call 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.