Online easy access account is relaunched | Product News - Moneyfacts

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Online easy access account is relaunched

Online easy access account is relaunched

Category: Savings
Date: 02/06/2016

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 It is now over 6 months old so the content may be out of date.

Virgin Money has relaunched its easy access account, which has once again scooped a place in the Moneyfacts charts thanks to its attractive rate and terms.

The basics…

Defined Access E-Saver Issue 6 pays a competitive variable rate of 1.26% yearly (1.25% monthly), which enables it to sit just behind the current market-leader of its sector.

The finer details…

This internet-operated account requires a minimum deposit of just £1. Access is via a nominated account.

Savers are able to make unlimited additions while up to three penalty-free withdrawals can be made each year. Exceeding this limit will lead to the rate being cut to 0.50%, so savers must plan their access carefully in order to maintain the headline rate.

For those who would prefer to manage their account offline, a branch, post and phone-operated version is also available paying the same rate.

Why we like it…

The return of this account is likely to be welcomed by savers as it pays an attractive rate and also allows instant access to funds. Provided savers are happy to plan their withdrawals, this account could be the perfect home for emergency savings.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
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