Product focus: Online savings accounts - Savings - News - Moneyfacts

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Product focus: Online savings accounts

Product focus: Online savings accounts

Category: Savings

Updated: 23/03/2011
First Published: 05/01/2011

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 It is now over 6 months old so the content may be out of date.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 way we manage our finances has changed considerably over recent years, in part due to the rise of online finance. Internet savings accounts make up a huge part of the market nowadays, with many products designed specifically for online customers.

Here is a selection of some of the best saving rates available online:

Post Office – Online Saver

Review: The Online Saver account from the Post Office pays:

  • 2.90% yearly including an introductory bonus rate of 1.25% for twelve months.
  • A monthly options is also available at 2.87% including an introductory bonus rate of 1.23% for twelve months.
  • Savers can invest between £1 and £2m.
  • It's available to savers aged 18 years and over and can be operated only online.

Nationwide BS – MySave Online Plus

Review: The MySave account pays a monthly rate of:

  • 2.75% including an introductory bonus rate of 1.25% for twelve months.
  • Investments range between £1000 and £3m.
  • One free withdrawal is permitted per annum.
  • Further withdrawals will be paid 0.10% for the month in which the withdrawal is made.
  • Further additions are allowed via a nominated account.
  • It's available to savers aged 16 years and over and can be operated only online.
Santander - eSaver Issue 2

Review: The eSaver account from Santander pays:

  • 2.75% on its anniversary including an introductory bonus rate of 2.25% variable for twelve months.
  • A monthly option is also available at 2.72% including an introductory bonus rate of 2.23% variable for twelve months.
  • Savers can invest between £1 and £2m.
  • It's available to savers aged 16 years and over and can be operated only online.

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 Any products featured may be withdrawn by their provider or changed at any time.

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