What is an easy access savings account?
An Easy Access Savings Account allows you to deposit and withdraw your money at any time without being charged fees. In addition, you earn interest on the balance. The interest rate is usually lower than Fixed-Term Savings Accounts (link) but provides more flexibility in accessing your money.
This makes the Easy Access Savings Account a great option for money you may need to access in an emergency, like your car breaking down, or for short-term savings.
My Community Finance introduces customers to credit unions who offer Easy Access Savings Accounts with competitive interest rates and no fees.
