Egg unveils two new savings accounts
by David Masters
Internet bank Egg this week unveiled an instant access savings account and a fixed-rate bond.
The Egg Bonus Savings Account pays 2.8% gross pa/AER, including a fixed-rate bonus of 1.55% for the first 12 months.
The account can be opened with a minimum investment of £1, and offers the flexibility of unlimited penalty-free deposits and withdrawals.
From next month, savers will be able to open a three-year Egg Fixed Rate Bond, paying interest at a fixed-rate of 4.3% gross pa/AER.
The bond requires a minimum investment of £1,000, and no additional deposits or withdrawals are allowed during the three year term.
Sharon Maguire, Head of Banking Products at Egg said: “During times of unprecedented low interest rates, customers need to have the peace of mind that their savings account is making their money stretch further.”
Established in 1998, Egg is currently the world’s biggest online-only bank.
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Tags: 12-month bonus, 2.8%, 3 years, 4.3%, bond, Egg, fixed-rate, instant access, new products, savings
