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.
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.
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.
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
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