As you never know what is around the corner, many people prefer to have at least part of their savings in an easy access account. While a bonus can help boost the rate in the short term, once it ends the rate is likely to become less competitive. There are however a number of competitive easy access accounts without a bonus.
Intelligent Finance – isaver
The Intelligent Finance isaver is currently paying 2.85pc and guarantees to pay at least 1.00pc above Bank of England Base Rate until 31 December 2009. Savers can invest up to £99m into the online based account, with monthly interest available for those looking for a more regular income. The account offers savers the option to offset credit balances in the account with any debit balances held with the provider.
Scarborough Investments Direct – Direct Access
The Direct Access account from Scarborough Investments Direct is currently paying 2.76pc and guarantees to pay at least 1.26pc above Bank Base Rate until 31 May 2010. The account is operated via the telephone and savers can invest between £1,000 and £500,000 into the account. No notice is required to access funds, but all withdrawals must be made by transfer.
Chelsea Building Society – Chelsea Guarantee Plus
Chelsea Building Society is currently paying a rate of 2.65pc on its Chelsea Guarantee Plus account. The account guarantees that the rate will be no lower than 2.65pc until 8 September 2010. Savers can invest between £100 and £500,000 into the branch based account. Savers can get instant access to their money, but all withdrawals made during the guarantee period will be subject to 60 days' loss of interest.
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 Any products featured may be withdrawn by their provider or changed at any time.
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