Easy Access Savings
A flexible savings account. Access your money whenever you need it.
Earn
AER*
on balances up to £100,000
Gross
on balances up to £100,000
Whether you're putting money aside for something specific or building a buffer for the future, our Easy Access Savings accounts help you grow your savings with access whenever you need it.
Opening an Easy Access Savings Account.
To apply, get the LHV Bank App for iOS or Android.
Key information
Opening an account
To open an Easy Access account, you’ll need an LHV current account. When you join LHV, you'll open a current account. It’s quick to set up, and you can use it simply to manage your savings, or make use of extra features if you want to. Debit cards are optional, so you only use what works for you. Individual accounts only. Joint accounts aren’t allowed.
Variable rate of interest
The interest rate is variable and can be changed at any time. If we reduce the rate, we’ll give you at least 14 days' notice before we make the change. If we increase the rate, we’ll make the change immediately and let you know within 30 days.
Unlimited top ups and withdrawals
There is no restriction on the number of top ups or withdrawals you can make. Deposit up to a maximum of £100,000 across all of your Easy Access accounts.
Summary Box
It is important that you read all parts of the Summary Box before you apply.
What is the interest rate?
4.17% Gross / 4.25% AER
Interest is calculated daily and added to the balance of your Easy Access account paid monthly.
Can LHV Bank change the interest rate?
Yes, the interest rate is variable and can be changed at any time.
If we reduce the rate, we’ll give you at least 14 days' notice before we make the change. If we increase the rate, we’ll make the change immediately and let you know within 30 days.
What would the estimated balance be after 1 year based on a £1,000.00 deposit?
Interest rate (AER): 4.25%
Estimated balance after 12 months: £1,042.51
The estimated balance is based on £1,000.00 deposited into your account on the first day of your account opening and assumes you don’t add or withdraw any money during the year. This estimation is provided for illustrative purposes only and doesn’t take into account your individual circumstances.
How do I open and manage my account?
To open a Easy Access account:
You'll need to have an LHV Bank Current Account
You must be aged 18 and over
You must be a UK resident
You can deposit a maximum of £100,000.00 across all Easy Access accounts you may hold with LHV Bank.
You can open and manage your Easy Access account in your LHV Bank app.
Can I withdraw money?
Yes, there is no restriction on the number of withdrawals you can make. Withdrawals will be made to your LHV Current Account.
Additional information
You can cancel your Easy Access account within the first 14 days of opening it and we'll return your money to your LHV Bank Current Account.
AER stands for Annual Equivalent Rate. This shows you what the interest rate would be if interest was paid and compounded once each year.
Interest is paid gross without the deduction of income tax.
* AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. Gross is the contractual rate of interest payable before the deduction of income tax at the rate specified by law. Interest is paid on maturity.
Your eligible deposits with LHV Bank are protected up to £85,000 by the Financial Services Compensation Scheme.