When it comes to saving money, the terms 'easy access' and 'instant access' are often used interchangeably, but there are some important differences to be aware of.
An instant access savings account allows you to withdraw your money immediately, often through a banking app or online transfer. Your funds are available right away, making it ideal for emergency savings.
An easy access savings account also lets you access your savings without notice, but withdrawals may take slightly longer to process — typically up to one working day. The key advantage is that easy access accounts sometimes offer higher interest rates.
Zero's Planet Safe Saver is an easy access savings account, meaning withdrawals are processed within one working day and sent to your Zero personal account. With a competitive 3.4% AER interest rate, it offers strong returns while ensuring your money isn't used to support fossil fuels.
Both types of account are suitable for building an emergency fund or saving towards short-term goals. The right choice depends on how quickly you need to access your money versus the interest rate you want to earn.