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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 It is now over 6 months old so the content may be out of date.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 Any products featured may be withdrawn by their provider or changed at any time.

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