Compare easy access savings accounts

The Sunny Day Saver, offered by cahoot, is an easy access savings account designed for individuals seeking both flexibility and a competitive return on their funds. Opening an account is straightforward, requiring a minimum initial deposit of just £1, making it highly accessible for new savers. However, it's important to note the account has a maximum balance limit of £3,000, with balances exceeding this amount not eligible to earn interest under the advertised terms. Account management is exclusively online, catering to customers who prefer digital banking solutions. A key feature of the Sunny Day Saver is its attractive interest rate structure. Savers can benefit from a base AER of 5.00%, which applies consistently across all balances from £1 up to the £3,000 maximum. Interest is paid into your account on a monthly basis, providing regular returns and allowing your savings to compound effectively over time. As an easy access account, the Sunny Day Saver offers the convenience of being able to deposit and withdraw funds as needed, without notice periods or penalties, making it an ideal choice for emergency funds or short-term savings goals. For those looking to save with a partner, the account also permits joint account applications. Customers can rest assured knowing their deposits are protected by the Financial Services Compensation Scheme (FSCS), safeguarding up to £85,000 of their savings. For further details and to apply, interested individuals can visit the cahoot website directly.