Online accounts are popular with those leading busy lives, as they can be accessed immediately, without the inconvenience of visiting a branch. Many banks and building societies offer savings accounts which can be operated online only and include introductory bonuses for a limited period. Here is a selection of the current best online accounts.
AA – AA Internet Extra Issue 3
This account pays 2.80% on its anniversary including a bonus of 2.30% for twelve months. Savers can invest between £1 and £1m. 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 18 and over and can be operated online only.
SAGA – SAGA Internet Saver
SAGA's Internet Saver account pays 2.75% on its anniversary, including a 1.00% bonus for twelve months. After twelve months the gross rate has an underlying guarantee to be no lower than 2.00% below bank base rate. A monthly interest option is also available at 2.72% with the same bonus. Savers can invest between £1 and £1m. No notice is required to access funds, although all withdrawals must be made via a nominated account. The account can only be operated online by customers aged 50 and over.
Santander– eSaver Issue 2
This account from Santander pays a rate of 2.75% including a bonus of 2.25% variable for twelve months. A monthly interest option is available at 2.72% including a 2.23% bonus variable for twelve months. Investments range between £1 and £2m. Funds can be accessed immediately, although a maximum daily cash machine withdrawal limit of £300 applies. The account is available to savers aged 16 and over and can be operated online only.
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 Any products featured may be withdrawn by their provider or changed at any time.
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