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Instant Access Savings

Access your savings, any time

For a flexible savings option choose our Instant Access Savings account. Save what you want, when you want and get instant access to your cash if you need to.

Are you an existing Metro Bank customer?

If you are looking to apply for an additional account, log in to Online Banking now and we can pre-fill some of the application for you.

Savings growth plant icon

Make your money grow with 0.20% AER* interest

Get all the ins and outs to read at a time that suits you by downloading our

Instant Access Savings details (PDF)

Apply online now  Resume your application

*AER stands for annual equivalent rate. It shows how much the interest rate would be if the interest was worked out once a year. You can use it to compare different financial products

Interest rate of 0.20% AER*

Open an account with as little as £1 to start earning interest.

Easy access to your money

Need to dip into your savings? No problem. You’ll have instant access to your money – in store, online and by phone.

Piggy Bank Saving Money icon

Save the way you want

Grow your savings your way. Put away a lump sum or save regularly – it’s up to you.

See all the ways you can save

See how much you could save with an Instant Access Savings account when you try our Savings Calculator tool.

What you need to know

We’re upfront with our customers about everything. We’ve created this handy summary of our Instant Access Savings account features so you can see the important information from the get-go.

Interest rate Save from Interest paid

0.20% AER*  

£1  Monthly

*AER stands for annual equivalent rate. It shows how much the interest rate would be if the interest was worked out once a year. You can use it to compare different financial products.


To open an account you need to be:

  • You’re aged 16 or over. (You need to be aged 18 or over if you want to apply online.)
  • You're resident in the UK. You’ll also need to provide proof of your identity and address. If you’re not a UK, EU, EEA or Swiss national you’ll need a valid visa/residence permit.

Important: for Power of Attorney applications, please speak to a colleague for guidance on what we will require.

What you need to open your account

Our savings promise

We promise to give you our best available rate – always. If we launch a new account with the same features but a better rate, we’ll automatically upgrade you to it.

Your savings and tax

Since 6 April 2016, you can earn up to £1,000 a year on your savings tax-free if you pay the basic rate of tax and up to £500 a year if you pay the higher rate of tax. This is called your Personal Savings Allowance. Interest on your savings is now paid without tax being taken off. The interest from ISAs doesn’t count towards your Personal Savings Allowance.

Charges for banking services

If you ever need us to issue you a banker's cheque, we will charge a small fee. Each cheque costs £15.

Get all the details to read at your leisure

Download our PDF to read when you like - it contains all the ins and outs of our Instant Access Savings account.

Instant Access Savings Account Details (PDF)(747KB)

Our Service Relationship with Personal Customers (PDF)(1.2MB)

Ready to apply?

Apply online now  Find your nearest store

Already started an application and would like to resume? Yes, resume application.

Frequently asked questions

How do I transfer money from another account into my Instant Access Savings account

You can transfer money from existing Metro Bank accounts online, in store or by calling us on 0345 08 08 500. If you’re transferring money from another bank or building society, you’ll need to give them your new Metro Bank details.

Can I open a joint Instant Access Savings account?

Yes, just pop into one of our stores. You can open a joint account to manage your money together. 

Where can I find the rate for my Metro Bank account that’s now closed to new savers?

You can find the rates for any account that is not listed on the current rates page set out in Rates for Closed Products.

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Protecting your money

Your eligible deposits with Metro Bank are protected by the FSCS.