Egg introduces a limited savings offer

Egg, the online bank, is offering a fixed 12-month introductory rate of 6.05% gross pa/AER on its Egg Savings Account (Internet). The introductory rate is available for new money for both new and existing customers.

For a minimum deposit of £1 savers will benefit from easy access to their funds with no penalty or notice period needed for withdrawals. After the 12-month fixed introductory rate offer, the savings rate will move to the standard variable rate for the account at that time (currently 4.75% gross pa/AER).

Tobias van der Meer, Head of Savings and Investment at Egg said: "Our new fixed introductory rate is one of the highest of any easy access accounts available in the UK today and it gives customers a guaranteed rate for the next 12 months. Unlike some accounts which have eye catching rates but only benefit regular savers, Egg savers have the flexibility to pay in or withdraw however much they like, whenever they like without penalty (£2 million maximum)."

Customers can find out more information and apply for an Egg Savings Account (Internet) by visiting egg.com. Customers can open an account with as little as £1.