Many savers don't have the time to continually chase best buy rates, but instead look for an account that pays a consistently attractive rate. While past performance isn't a guide to the future, it can show us which accounts and providers have a history of maintaining rates.
ICICI Bank UK – HiSAVE Savings
The HiSAVE Savings account from ICICI Bank UK came top as the most consistent online based savings account over the last 18 months. The account currently pays 1.70 per cent and the rate is guaranteed to pay at least 0.30 per cent above bank base rate until 31 December 2011. Savers can invest an unlimited amount into the account. No notice is required to make a withdrawal, but all transactions must be made into a nominated account.
Beverley Building Society – Postal Account
Beverley Building Society's Postal Account takes the top spot for no notice accounts without bonus over the last 18 and 36 months. The account currently pays a rate of 1.65 per cent up to an investment of £25K; thereafter the rate increases to 1.85 per cent for investments up to £75K and 2.00 per cent beyond. Savers are able to make withdrawals without giving notice at a minimum of £500 at a time and cheques are posted direct to the account holder.
Kent Reliance Building Society – Direct Cash ISA
Kent Reliance Building Society's Direct Cash ISA has been the most consistent cash ISA account over the past 36 months. The account currently pays 1.42 per cent and a minimum investment of only £1 is required. Interest is paid yearly and must be compounded. No notice is required to make a withdrawal.
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 Any products featured may be withdrawn by their provider or changed at any time.
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