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Product Focus: Savings Accounts with Bonuses

Product Focus: Savings Accounts with Bonuses

Category: Savings

Updated: 22/01/2010
First Published: 18/08/2009

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 It is now over 6 months old so the content may be out of date.

A number of providers are enticing customers by boosting rates with appealing bonuses. Savers can expect to enjoy a higher rate of return, although it is imperative that they remember when the bonus timescale ends to avoid losing out further down the line.

Nottingham Building Society – Postal Access 50

This account, which can be operated by post only, pays a variable rate of 3.15pc with a 0.90pc bonus for 12 months. Savers can invest between £1,000 and £250,000. Early access is prohibited and account holders must give fifty days notice if they wish to access funds. The account is available to savers aged 16 and over.

Leeds Building Society – Online Access Account

Leeds Building Society's online account pays a variable rate of 3.05pc including a bonus of 1.00pc to 31th July 2010. Savers can invest from £100 to £1m. No notice is required to access funds, although withdrawals must be made via a nominated account. Further additions are allowed and account holders must be aged 18 or over.

Newcastle Building Society – Reward Saver

This deal pays a variable rate of 3.00pc with a bonus of 1.00pc for 12 months. Savers can access their funds early, although this is subject to 120 days loss of interest. Investments range from £500 or £5,000 for monthly interest, to £1m. A monthly interest option, including the 1.00pc bonus for 12 months, is available at a lower rate of 2.91pc. The account can be operated by savers aged 18 or over in branch, by both post and telephone and online.

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 Any products featured may be withdrawn by their provider or changed at any time.

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