Bradford & Bingley raises the bar with a 6.4% no strings account

Rachel Thrussell, Head of Savings at Moneyfacts.co.uk, comments: “For some time, Sainsbury’s and Icesave have led the way offering 6.25% and 6.2% respectively no strings internet accounts. But today sees the bar raised by Bradford & Bingley with its no string Internet Saver account offering an impressive 6.4%. The account can be opened with £1, with a straightforward rate without bonus or restrictive terms and conditions.

“At 0.65% above bank base rate and 2.3% higher than the current rate of inflation (RPI), it’s a very attractive offer. With such of wide choice of competitive rates to choose from, savers would be foolish not to take advantage of them.

“Too many of us let our providers get away with paying a poor rate of return. Vote with your feet and reap a healthy reward in the process.”