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Product Focus: Easy Access Savings Accounts

Product Focus: Easy Access Savings Accounts

Category: Savings

Updated: 09/07/2009
First Published: 09/07/2009

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 It is now over 6 months old so the content may be out of date.

Latest Moneyfacts.co.uk figures show that one in three people looking for a new savings account are looking for easy access. It is no wonder then that many providers have increased rates on such accounts in recent months in order to attract savers' money.

Birmingham Midshires – Telephone Extra

The highest rate currently on the market is from Birmingham Midshires, where the Telephone Extra account is paying 3.15pc, including a 2.65pc bonus for 12 months. Up to £2m can be invested in the account and savers can opt for monthly interest at a rate of 3.11pc. No Notice is required to make a withdrawal, but all money must be transferred via a nominated account.

ING Direct (UK) – Savings Account

New customers to ING Direct (UK) are being offered a rate of 2.96pc on its Savings Account, which includes a 2.46pc bonus for 12 months. The account guarantees to pay no less than 2.96pc for 12 months. Savers can invest up to £1m into the account, with no notice needed to make a withdrawal. However, all money must be transferred via a nominated current account.

Intelligent Finance – isaver

Customers looking for an online based account are being offered a rate of 2.85pc from Intelligent Finance on its isaver account. The account 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 account, which also offers the option of monthly 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 Any products featured may be withdrawn by their provider or changed at any time.

 
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