- Of the top 30 easy access accounts, 20 (67%) either impose a cut-off time or fail to offer Faster Payments within two hours
- Almost a quarter (6) of the top 30 easy access accounts can take up to a working day to transfer your funds
New research commissioned by Spring, the easy access savings app, has revealed that almost two-thirds of ‘easy access’ accounts delay access to funds.
The research, conducted by MoneyComms, found that 67% of the top 30 easy access accounts either impose a cut-off time or don’t offer Faster Payments within two hours, meaning savers could face delays when trying to access their money.
Only three of the top 10 easy access providers offer faster payments, the remaining seven set cut-off times or only offer access to funds the next working day.
Of the top 30 providers, almost half (14) set a cut-off time for same-day access to funds. Notably, almost a quarter (6) require requests before 3 pm, otherwise transfers occur on the next business day, posing a challenge for those needing immediate access. Some providers even impose a cut off time as early as 11am.
Five of the top 30 ‘easy access’ accounts commit to sending customers money back by the end of the next working day.
Spring offers a quick and clean solution: an easy access savings account with no limits, fees or bonus tricks. Using Open Banking technology, Spring connects to your existing current account in seconds, enabling seamless transfers and instant access to your savings.
Spring Head of Money Derek Sprawling said:
“Too many people choose to leave their savings with their current account provider to ensure its readily available. However, there’s no need to be tripped up by early cut-off times and slow payment processes; choose an easy access account with instant withdrawals to ensure you can access your money without compromising on rate.”
Andrew Hagger, Personal Finance Expert at MoneyComms said:
“It's a big plus being able to get a decent rate in an online savings account, but it's also essential that you have immediate access to that cash whenever you need it.
“Having to wait an extra business day to transfer funds to your current account isn't really acceptable in today’s hi-tech Open Banking world, which is supposedly there to make your life easier.
“The access problem is even greater over a weekend and/or when there's a bank holiday involved. The best easy access accounts will offer the combination of a great rate and real instant access via faster payments.”
Download Spring today – your helpful savings companion
Spring is available for download on both iOS and Android via the Apple App Store and in Google Play, and customers can apply for an account via the app in minutes.
Effortless saving
Open a Spring Easy Saver today. The Spring app uses open banking to connect to your current account, making saving seamless and simple.
To get started, download the app.
Notes to editors
Analysis by MoneyComms conducted 05 February 2026
Contact us
For press and media enquiries, please email media@spring-savings.co.uk
