Product focus: Internet savings accounts - Savings - News - Moneyfacts

News

Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Product focus: Internet savings accounts

Product focus: Internet savings accounts

Category: Savings

Updated: 18/02/2011
First Published: 21/02/2011

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 It is now over 6 months old so the content may be out of date.

Online banking offers customers the freedom to access their finances whenever and wherever they like. Over the past few years a growing number of providers offer competitive online only deals. Here is a selection of some of the best online savings accounts which do not require advance notice to access funds.

Post Office – Online Saver

  • The Post Office's Online Saver account pays an annual rate of 2.90% including a bonus of 1.25% for 12 months.
  • A monthly interest option is also available at 2.87% including a bonus of 1.23% for 12 months.
  • Savers can invest between £1 and £2m.
  • No advance 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.
Santander– eSaver Issue 3
  • Santander's eSaver deal pays 2.90% on its anniversary, including a bonus of 2.40% for 12 months.
  • A monthly interest option is also available at 2.86% including a bonus of 2.36% for 12 months.
  • Investments range from £1 to £2m.
  • No notice is needed to access funds, although the account has a maximum daily cash machine withdrawal limit of £300.
  • This online only account is available to investors aged 16 and over.
AA – Internet Extra Issue 4
  • This account offers a rate of 2.80% on its anniversary, including a bonus of 2.30% for 12 months.
  • Savers can invest between £1 and £1m.
  • No notice is required to access money, although all withdrawals must be made via a nominated account.
  • The deal 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 Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Just 44 savings accounts beat inflation

Inflation recorded another large jump during December, and predictably, this has had a devastating impact on the number of savings accounts that beat it, so much so that you’ll need to lock your money away if you want an inflation-beating return.

Just 47% have money in a savings account

We’re often told of the importance of saving, yet unfortunately, the message doesn’t always get through. Indeed, research shows that just 47% of those surveyed have money in a savings account, and 17% have no savings or investment whatsoever.

How much will you save this year?

Many of us have set savings goals for the year ahead, and planning to budget better and save more will be at the top of many financial resolution lists. But how much are you hoping to squirrel away? Encouragingly, many people have impressive targets.
 
Close