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Product Focus: Branch based and postal accounts

Product Focus: Branch based and postal accounts

Category: Savings

Updated: 04/08/2009
First Published: 04/08/2009

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Despite an increase in the number of internet savings account over the past few years, there remains plenty of choice for savers who do not wish to conduct their account online.

Savers who prefer postal or branch-based accounts can expect to see a higher rate of return with these deals compared to their online counterparts.

United National Bank – 3 Month Gold Deposit

This deal offered by United National Bank, pays a variable rate of 3.50 per cent half yearly. Investments range from £1 to £1 million, while the minimum age for account holders is 18. Three months notice is required to access funds. Early withdrawals are permitted at the provider's discretion, but will result in a 2 per cent penalty.

Stroud & Swindon Building Society – 50 Plus Notice

This account, specifically for savers aged 50 and over, pays a variable rate of 3.20 per cent, including a bonus of 1.20 per cent until 30th June 2010. Savers can invest from £1,000 up to £500,000, although a minimum operating balance of £1,000 must be maintained. A monthly interest option is available at a lower rate of 3.15 per cent and includes a bonus of 1.17 per cent until 30th June 2010. The minimum transfer amount is £100. 90 days notice is required. Early access is allowed at the provider's discretion, although is subject to 90 days loss of interest.

Manchester Building Society – Premier Bonus Issue 6

Manchester Building Society's deal pays an annual rate of 3.16 per cent including a bonus of 1.00 per cent for 12 months. Investments range from £1,000 to £50,000. 35 days notice is required to access funds, while early access is prohibited. Access is limited to four withdrawals a year and savers who exceed this limit will revert to the Premier Instant rate of 0.05 per cent for the remainder of the calendar year. Only one account is allowed per person.

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 Any products featured may be withdrawn by their provider or changed at any time.