Egg's New Internet Savings Account - Savings - News - Moneyfacts

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Egg's New Internet Savings Account

Egg's New Internet Savings Account

Category: Savings

Updated: 31/10/2008
First Published: 13/05/2008

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 It is now over 6 months old so the content may be out of date.

Egg, the online bank, is offering a fixed 12-month introductory rate of 6.05% gross pa/AER on its Egg Savings Account (Internet). The introductory rate is available for new money for both new and existing customers.

For a minimum deposit of £1 savers will benefit from easy access to their funds with no penalty or notice period needed for withdrawals. After the 12-month fixed introductory rate offer, the savings rate will move to the standard variable rate for the account at that time (currently 4.75% gross pa/AER).

Tobias van der Meer, Head of Savings and Investment at Egg said: "Our new fixed introductory rate is one of the highest of any easy access accounts available in the UK today and it gives customers a guaranteed rate for the next 12 months. Unlike some accounts which have eye catching rates but only benefit regular savers, Egg savers have the flexibility to pay in or withdraw however much they like, whenever they like without penalty (£2 million maximum)."

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 Any products featured may be withdrawn by their provider or changed at any time.

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