Product focus: Branch based savings accounts - Banking - News - Moneyfacts


Product focus: Branch based savings accounts

Product focus: Branch based savings accounts

Category: Banking

Updated: 13/04/2011
First Published: 13/04/2011

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Despite the rise in popularity of internet banking, many savers still prefer the personal service offered by their local branch. Here is a selection of some of the best branch based savings accounts, all of which offer easy access to funds.

West Brom Building Society - Branch Easy Access Saver Issue 2

  • This account pays a rate of 2.40% to savers who invest between £1,000 and £99,999.
  • Those with deposits between £100,000 and £1m will receive a rate of 0.10%.
  • No advance notice is required to access funds, although there is a maximum limit of two withdrawals per year.
  • After this all further withdrawals are subject to 60 days' loss of interest until 1st April each year when a new year begins.
  • This branch operated account is available to savers of all ages.

Northern Rock – Branch Saver Issue 4

  • Northern Rock's Branch Saver account pays an annual rate of 2.05%.
  • A monthly interest option is also available at 2.03%.
  • Savers can invest between £1 and £250,000.
  • No advance notice is needed to access funds.
  • The account can be operated by savers aged 16 and over.

Skipton Building Society - Branch Access 2

  • This branch based account pays an annual rate of 1.70% including a bonus of 0.50% for six months.
  • Savers can invest between £50 and £1m.
  • Funds can be accessed without advance notice or penalty.
  • The account is available to investors aged 18 and over.
Find the best savings accounts for you - Compare instant access savings accounts

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

More people are switching current accounts

Competition in the current account market remains intense, which means if you’re not happy with your account for any reason, now’s a great time to switch! Happily, more and more people seem to be getting in on the switching action...

Financial services complaints continue to fall

Many people feel dissatisfied with their financial providers at times, but happily, it looks as though the most serious complaints are becoming less and less common.

Contactless spending hits yet another record

Contactless spending is going from strength to strength, hitting new records on a seemingly monthly basis - and it’s just broken yet another one, with monthly contactless spending having passed the £2bn mark for the first time.