Despite the popularity of the internet, some savers still prefer to conduct their business face to face or by post. The rates offered on accounts with more traditional means of operation are marginally higher than their online counterparts, with the present highest rate at 3.20pc.
Here are the current top three deals.
Stroud & Swindon Building Society – 50 Plus Notice
Available to savers aged 50 or over, this account pays a rate of 3.20pc including a bonus of 1.20pc until 30th June 2010. A monthly interest option is available at a lower rate of 3.15pc including a bonus of 1.17pc until 30th June 2010. Investments range from £1,000 to £500,000. 90 days notice is required to access funds. Earlier access is allowed, although this is subject to 90 days loss of interest. The minimum withdrawal by post or telephone is £100. The account can be operated in branch or by post or telephone.
Turkish Bank (UK) – 60 Day Notice
This deal pays a rate of 3.02pc. The gross rate is guaranteed to be at least 0.50pc above bank base rate until 31st December 2010. Minimum investment amount is £1,000 while there is no maximum limit. 60 days notice is required to access funds. Early access is allowed although this is subject to 60 days loss of interest. Minimum withdrawal amount is £500. This account can be operated by savers aged 18 or over, by BACS either in branch or by post.
Chelsea Building Society – Bonus 90
Chelsea's Bonus 90 account pays a rate of 3.00pc with a bonus of 1.00pc for 12 months. A monthly interest option is available at 2.96pc and also includes a bonus of 1.00pc for 12 months. Savers can invest between £1 and £500,000 and must give 90 days notice to access funds. Early access will result in 90 days loss of interest, although after one year the account reverts to instant access basis and all withdrawals become penalty free. The account can be operated by savers aged 16 or over, in branch with a passbook or by post.
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 Any products featured may be withdrawn by their provider or changed at any time.
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