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Product focus: Internet savings accounts

Product focus: Internet savings accounts

Category: Savings

Updated: 08/06/2010
First Published: 08/06/2010

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 It is now over 6 months old so the content may be out of date.

We all lead busy lives and it's often a chore finding the time to visit your bank or building society to sort out your finances. For savers looking for the capability to control their finances from the comfort of their own home or who want round the clock access to their savings, an internet based savings account might be the answer. Here are the current top three deals for online savvy savers.

Alliance & Leicester – Online Saver Issue 7

Alliance & Leicester's relatively new online only internet account pays 2.81pc, including a bonus of 2.31pc for twelve months. Savers can invest between £1,000 and £2m. No notice is required to access funds, although all withdrawals must be made via a nominated account. The account is available to savers aged 18 and over.

Egg – Egg Savings Account (Internet) Issue 2

This internet savings account from Egg pays 2.80pc on its anniversary, including a bonus of 2.30pc for twelve months. Investments range between £1 and £1m. No notice is needed to access funds, although all withdrawals via BACS or CHAPS must be made via a nominated account. Only new money to the institution is allowed, while the account can be operated online only by savers aged 16 and over.

AA – AA Internet Extra Issue 3

This online only savings account pays 2.80pc on its anniversary, including a bonus of 2.30pc for twelve months. Savers can invest between £1 and £1m. No notice is needed to access funds, although all withdrawals must be made via a nominated account. The account is available to savers aged 18 and over.

Find the best savings rates for you - Compare savings accounts

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 Any products featured may be withdrawn by their provider or changed at any time.

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