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Product focus: Online accounts

Product focus: Online accounts

Category: Savings

Updated: 09/03/2010
First Published: 09/03/2010

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 It is now over 6 months old so the content may be out of date.

The internet is a convenient and effective way to conduct business, allowing savers to check their accounts at the click of a button. Many providers offer online only accounts for customers with busy lifestyles and who prefer to have control over their finances, rather than visiting a branch. Here are the current top three online only accounts , which offer monthly interest.


Northern Rock – E-Saver Issue 2



This account pays a rate of 2.48pc each month including a 1.00pc bonus for twelve months. Savers can invest between £1 and £250,000. No notice is required to access funds, although all withdrawals must be made via a nominated account. Savers must be aged 16 and over.

Santander – e-Saver Issue 2



Santander's e-Saver account pays a monthly rate of 2.47pc including a variable bonus currently at 1.97pc for twelve months. Investments range between £1 and £2m. Funds can be accessed immediately without notice or penalty with a cash card, although there is a daily cash machine withdrawal limit of £300. Savers need to be aged 16 and over to operate this account.

Barnsley Building Society – Online Saver Issue 2



This account pays a monthly rate of 2.47pc. Savers can invest between £1 and £1m. No advance notice is required to access funds, although all withdrawals must be made via nominated account. Savers must be aged 16 and over to operate this account.

Find the best savings accounts for you - Compare online savings accounts or take a look at our best sellers 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 Any products featured may be withdrawn by their provider or changed at any time.

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