Alliance & Leicester tempts with web based winner - Savings - News - Moneyfacts


Alliance & Leicester tempts with web based winner

Alliance & Leicester tempts with web based winner

Category: Savings

Updated: 11/06/2009
First Published: 08/06/2009

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 It is now over 6 months old so the content may be out of date.

Alliance & Leicester has unveiled a new no notice internet operated account which supersedes the Online Saver Issue 4.

The product pays a preferential rate of 2.50% on a minimum investment of £1. This rate is paid until 2.8.10 when it reverts to a variable system.

Thereafter, the rate is as follows: £1 – 0.50%; £25K – 1.00%; £250K – 1.50%.

The original rate is undoubtedly good news for investors and is the top internet operated no notice account and just 0.26% below the overall no notice market leader.

While the large reduction is something to be aware of, those who are happy to move funds around regularly will still recognise the account's appeal.

This new product has been awarded four out of five Moneyfacts stars.

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 Any products featured may be withdrawn by their provider or changed at any time.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

Savings being used as a festive financial buffer

Good news from RCI Bank UK – its latest research shows that many of us are saving more than we were a year ago, but the question is, will you be dipping into that buffer to cover the cost of Christmas?

6 of the best easy access savings accounts

Easy-access savings accounts are as simple as they sound – they allow you to access your money whenever you need it, without having to give advance notice, and they also allow you to pay into them at any time. Here are six of the best.

Start saving for Christmas… 2017!

Christmas is just around the corner and our annual festive splurging is starting to step up, but are you prepared? It may be too late to start saving for this year’s festive spend, but it’s never too early to start for next year’s!