Recent reports have suggested a decline in the popularity of online banking, with many account-holders returning to more traditional methods of handling their finances.
Despite these claims, a large number of savings accounts cater for the online savvy and offer a variety of accounts to suit different customer needs.
Here is a selection of the current best monthly interest online only accounts.
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.
SAGA – SAGA Internet Saver
SAGA's Internet Saver account also pays a monthly rate of 2.72%, with a 1.00% bonus for twelve months. Investments range between £1 and £1 million. No advance notice is required to access funds, although all withdrawals must be made via a nominated account. The account is available to savers aged 50 and over.
Sainsbury's Finance – Easy Saver
This account pays 2.67%, including a bonus of 2.17% for twelve months, to savers who make up to five withdrawals a year and invest between £1 and £100,000. Those who make six or more withdrawals a year and invest between £1 and £2 million, will receive a lower rate of 0.50% and no bonus. Funds can be accessed without advance notice, although all withdrawals must be made via a nominated account. Savers must be aged 18 and over to operate this 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 Any products featured may be withdrawn by their provider or changed at any time.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.