A growing number of savers are choosing monthly interest accounts, mainly as a way to help supplement income.
There are a variety of monthly interest products available in the market. Here is a selection of the current best which can be operated online only and offer an introductory bonus.
Post Office – Online Saver
Post Office's latest online only account pays 2.72% including a bonus of 1.23% for twelve months. Savers can invest between £1 and £2 million. No notice is required to access funds, although all withdrawals must be made via a nominated account. The account can be operated by savers aged 18 and over.
Santander – eSaver Issue 2
This account pays a rate of 2.72% including a bonus of 2.23% variable for twelve months. Savers can invest between £1 and £2 million. Funds can be accessed instantly, although there is a daily cash machine withdrawal limit of £300. The account is available to savers aged 16 and over and can be operated online only.
SAGA – SAGA Internet Saver
SAGA's Internet Saver account, available to savers aged 50 and over, pays a monthly rate of 2.72% including a 1.00% bonus for twelve months. Investments range between £1 and £1 million. Savers do not need to give advance notice to access funds, although all withdrawals must be made via a nominated account.
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 Any products featured may be withdrawn by their provider or changed at any time.
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.