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Product Focus: Online Savings Accounts

Product Focus: Online Savings Accounts

Category: Savings

Updated: 22/01/2010
First Published: 06/07/2009

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 It is now over 6 months old so the content may be out of date.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 number of provider looking to offer top rates on easy access accounts continues to increase, with the best rate being offered to savers who manage their accounts online. With the average rate for online based accounts standing at 1.04 per cent, more than double the average paid on branch based accounts' it is certainly worth operating your account this way.

Coventry Building Society – 50 Plus eSave

Savers aged 50 years and over can get a top rate of 3.25 per cent from Coventry Building Society on the latest issue of its 50 Plus eSave account. The account offers savers the option of monthly interest at a rate of 3.20 per cent. Rates are fixed for one year, after which they become variable. Up to £250,000 can be invested into the account and no notice is required by savers to make a withdrawal.

Alliance & Leicester – Online Saver Issue 5

The new issue of the Online Saver from Alliance & Leicester pays 3.15 per cent, including up to a 2.65 per cent bonus until 2 August 2010. Savers can invest up to £2 million in the account. no notice is required to access funds, but all withdrawals must be made via a nominated current account.

Leeds Building Society – Online Access Accounts

The Online Access Account from Leeds Building Society is currently paying 3.05 per cent, including a 1.00 per cent bonus until 31 July 2010. Savers can invest between £100 and £100,000 into the account. no notice is required to make a withdrawal, but all funds must be transferred via a nominated account.

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 Any products featured may be withdrawn by their provider or changed at any time.

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