If you want a guaranteed lump sum paid into your bank account at the end of every month, I’ve found a great new option.

Yorkshire Building Society last week launched an easy-access savings account that pays 3.65pc – either once a year or split into monthly payments paid on the last day of every month.

The account, called the Yorkshire Easy Access Saver, is a breath of fresh air as you can take money out whenever you like. This is increasingly rare among easy-access account launches. Most come with a stream of complicated terms and conditions and restrictions on how and when you can withdraw your money.

Admittedly, it’s not the very best payer. You can get 4pc if you’re happy with an account that makes you jump through hoops to open and manage it.

But the rate sits comfortably above the NS&I Income Bonds, which pay out monthly income at 3.4pc, again without withdrawal restrictions or bonus payments.

Another big plus is you can take the interest monthly at the same rate of 3.65pc.

Providers usually pay less if you take it monthly, and they often don’t offer the option at all and will only pay interest once a year.

Say you had £10,000 in the account, you could either opt for £365 in interest at the end of the year or monthly payments of £30.41.

These features make it stand out from other so-called easy-access accounts flooding the market, with limits and bonus rates that fall away after just 12 months.

If you want an account that pays a monthly income that won’t leave you with a lower rate after a year, I think this offering from Yorkshire Building Society is a good option.

You can get a better rate if you are happy with a restricted account, for at least some of your savings.

The Coventry BS 3 Access Saver account, an easy-access account which limits you to three withdrawals a year, pays 4.22pc if you take your interest monthly rather than just once a year. But the account only lasts for a year after which you are transferred to a lower-paying easy-access account.

On the high street, the best rate is Kent Reliance at 3.69pc, followed by Newbury BS at just 3pc on its Senior Saver (for those aged 55 and over).

If you are happy to tie your money up, the top monthly interest rates are higher. These include one-year bonds online from GB Bank at 4.63pc and NS&I at 4.6pc.