Definitions for "Instant Access"
Keywords:  itvx, notice, withdraw, lose, penalised
An account where you can access your money straight away.
A savings account that you can draw your money out of at any time, without giving the bank or building society any warning (notice), and without being penalised by losing interest.
Following a ruling by The Advertising Standards Authority, any account which describes itself as instant access must allow for immediate withdrawals to be made in cash. This limits instant accounts to either branch based or cash machine.