Tag: instant access

Leeds launches 2.55% instant access saver

Leeds launches 2.55% instant access saver

Leeds Building Society has launched a new instant access account paying interest at 2.55%. The headline rate includes a 0.5% bonus until August 2011. The account, known as the London Instant Access Account, is only available through the building society’s London branch. Savers can open the account with a minimum investment of £100, and are […]

August 5, 2010 More
Consumers see few benefits from low base rate

Consumers see few benefits from low base rate

Consumers have seen very little benefit from the Bank of England holding its base rate at a record low of 0.5% for six months, a consumer advice site pointed out this week. Interest rates on savings accounts have dropped, while rates on mortgages, credit cards, and personal loans have continued to rise, said Moneyfacts.co.uk. Research […]

Make the most of “inflated” savings rates

Make the most of “inflated” savings rates

Interest rates on savings accounts are “highly inflated” at the moment because banks and building societies are desperate for deposits, a price comparison site said this week. Financial providers are offering average bonus rates of 1.93% on savings accounts, compared to 0.71% two years ago, moneysupermarket.com said. Savers should invest now to avoid disappointment, the […]

September 7, 2009 More
Coventry launches 3.25% 50-Plus eSave account

Coventry launches 3.25% 50-Plus eSave account

The Coventry Building Society this week relaunched is 50 Plus eSave account. Available exclusively to savers over 50, the account pays interest at 3.25%, fixed for 12 months. Savers can open the account with a minimum of £1, and can make unlimited, penalty-free withdrawals and deposits. The maximum balance is £250,000, and account holders can […]

Egg unveils two new savings accounts

Egg unveils two new savings accounts

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 […]

Leeds pays 3.05% on easy access account

Leeds pays 3.05% on easy access account

A new online easy access savings account launched this week by Leeds Building Society pays interest at 3.05%. For a minimum investment of £100, savers are offered unlimited penalty-free access to their cash, with no advance notice required. Kim Rebecchi, Leeds’ director of sales and marketing, said: “A return of 3.05%, combined with the flexibility […]

Only 1 in 25 savings accounts pays 3% interest

Only 1 in 25 savings accounts pays 3% interest

Fewer than 4% of instant access savings accounts pay AER at 3% or above, according to new research from Sainsbury’s Finance. A survey of accounts by the supermarket bank found that just 14 of the 367 instant access accounts currently available in the UK pay interest of 3% or more on balances of £5,000. The […]

Abbey’s new instant access saver pays 3%

Abbey’s new instant access saver pays 3%

Abbey has launched a new issue of its instant access saver account, paying interest at 3% gross/AER. This is equivalent to 2.4% after tax. It should be noted that the 3% rate includes a 1.5% bonus for the first 12 months. Savers can invest anything from £1,000 to £2 million, and can make an unlimited […]

NatWest and RBS launch pensioner savings account

NatWest and RBS launch pensioner savings account

With interest rates plummeting on many savings accounts, NatWest and RBS have launched new savings products to help pensioners feeling the pinch. Many pensioners rely on interest from their savings as a source of income. Because of this, the two banks have launched their own specialist savings account for over 60s and for those drawing […]