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New monthly savings account goes top

New monthly savings account goes top

Category: Savings
Date: 11/01/2017

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 It is now over 6 months old so the content may be out of date.

Hanley Economic BS has launched a new monthly savings account, which has entered two Best Buy charts, reaching number two in the monthly interest chart and number one for easy access. It therefore easily earns a high Moneyfacts rating.

The basics…

The Monthly Income Saver has a variable rate of 1.06% AER paid monthly (1.05% gross), which must be paid away. This constitutes the market-leading rate in the easy access market.

The finer details…

The saver requires a £25,000 minimum initial deposit, at least 50% of which (as well as any additional funds) must be new money to the institution. Further additions are allowed while the issue remains open, up to a maximum investment limit of £75,000, and withdrawals are allowed at any time. The account can be managed by branch and post.

Why we like it…

The competitive rate, combined with its market-leading flexibility, makes this account an appealing choice for those with a large initial deposit and who do not already have an account with Hanley Economic BS. Its high positions in two different Best Buy charts and high rating can attest to its attractiveness.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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