Savings Accounts

AA Savings is firmly in the best buy league with launch of a brand new Telephone Access Account, matching its recently-launched Internet Access Account.

For nearly a year now, Skipton Building Society’s Christmas Saver account has been helping Britons prepare for the cost of the festive season.

Rachel Thrussell, Head of Savings at Moneyfacts.co.uk, comments: “Unusually the last two months has seen a boom in the variable rate savings market, with rates rising and new accounts are being launched to top the charts.

Scarborough Building Society is rewarding branch-based savers with a market-leading new account paying up to 6.25% APR.

Bradford & Bingley has launched eSavings5 today, a competitive internet-only savings account, with no restrictions, designed to appeal to both large and small investors.

Scarborough Building Society is re-launching its competitive Direct Exclusive Saver account with an enhanced rate of 6.40%, gross APR (compared to 6.30% previously).

Leeds Building Society is set to launch a new postal savings account that combines a high guaranteed rate of 6.40% AER (6.35% gross) and unlimited penalty free access to funds for customers, at any time.

Leeds Building Society has launched a new online savings account for customers aged 50 or above which guarantees to pay Bank Base Rate plus 0.70%, currently 6.45%, until 30 April 2008 with unlimited access at any time, without notice or penalty.

Andrew Hagger, Head of news and press at Moneyfacts.co.uk comments: “Many people don’t have the time or inclination to switch their savings from one best buy account to another, even though new institutions and accounts continually appear.

From 10 October 2007, Abbey’s customers will be able to benefit from an attractive 8.1 per cent AER through Abbey’s Super 50+ account.

The Royal Bank of Scotland this week launched a new telephone saver account, which offers an enticing 1% bonus for six months.

Rachel Thrusell, Head of savings at Moneyfacts.co.uk, comments: “By the end of the year, new and existing Halifax Websaver customers will see their accounts ‘carbon labelled’.

Rachel Thrusell, Head of savings at Moneyfacts.co.uk, comments: “This week has seen a welcome boost for the over 50s savings market. Coventry has relaunched its market leading Sixty-Plus Esave, available to those aged over 60, with a 50 Plus Esave account, paying the same headline rate of 6.40% but now available to anyone over the age of 50.

This week is the 50th anniversary of the launch of Sputnik 1, which marks the start of the Space race.

Scarborough Building Society has launched a tracker savings account paying competitive rates of up to 6.30%.