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Scarborough Investment Direct beats base rate

Scarborough Investment Direct beats base rate

Category: Savings

Updated: 28/05/2009
First Published: 28/05/2009

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 It is now over 6 months old so the content may be out of date.

Consumers looking for a fuss free no notice account will be cheered by Scarborough Investment Direct's newly launched Direct Access product.

It is a no notice telephone operated account with a minimum investment of £1K, paying 2.76% yearly. The rate is guaranteed not to fall below the base rate plus 1.26% until 31.5.10.

Withdrawals can be made by transfer only, while the minimum addition is £500 (made by BACS or credit card).

The rate guarantee offers a welcome level of financial comfort in these testing times and those happy to undertake transactions on the phone will be attracted by the offer.

It has been awarded four out of five Moneyfacts stars.

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 Any products featured may be withdrawn by their provider or changed at any time.