Product focus: Online accounts with bonuses - Savings - News - Moneyfacts


Product focus: Online accounts with bonuses

Product focus: Online accounts with bonuses

Category: Savings

Updated: 02/02/2010
First Published: 02/02/2010

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Internet savings accounts allow savers to manage their own finances and wherever and whenever they wish.

Here are the current top three online accounts which include introductory bonuses.

None of the following accounts require advance notice to access funds.

Scottish Widows Bank – Internet Saver

The rate for this online account varies for new and existing customers. The annual rate for new customers is 3.01% including a bonus of 1.00% for 12 months. Existing customers receive an annual rate of 2.01%, without a bonus. Savers can invest between £1 and £5 million. There is also the option of quarterly and monthly interest, although for savers choosing monthly interest, a minimum deposit of £10,000 is required. Savers must be aged 16 and over.

AA – AA Internet Extra Issue 2

This account, launched recently, pays a rate of 3.00% on its anniversary and includes a bonus of 2.50% for 12 months. Investments range between £1 and £1 million. Funds can be accessed without advance notice or penalty and must be made via a nominated account. Interest can be paid to the account, or another UK bank or building society account. Savers must be aged 18 and over.

Principality Building Society – eSaver Issue 2

The eSaver Issue 2 account pays a rate of 2.85% including a bonus of 1.20% for 12 months. Savers can invest between £1 and £1 million, although the initial deposit must be made by personal cheque or Direct Credit transfer. Funds can be accessed without notice or penalty, and all withdrawals must be made via a nominated account. Must be new money to the provider. Savers must be aged 16 and over.

Find the best savings accounts for you - Compare Introductory Bonus 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 Any products featured may be withdrawn by their provider or changed at any time.

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