Egg launches introductory savings offer

Egg, the online bank, is offering a new rate on its internet Egg Savings Account. For just £1, savers can earn up to 6.55% AER (variable). This includes a variable bonus rate of 1.80% gross pa for the first 12 months from account opening.

This new rate is available to new and existing customers for all new accounts opened with new money from a non-Egg bank account. During the first 12 months, the new rate is payable up to a maximum deposit of £100,000.

The Egg Savings Account also provides customers with easy access to their money with no penalty or notice period for withdrawals. After the 12 months variable bonus rate offer ends, the savings rate will move to the standard variable rate for the account at that time (currently 4.75% AER/gross pa).

"Egg is owned by Citi, the world's leading financial services company, which enables us to offer a great rate for people's money," said Dean Proctor, Head of Savings and Investment at Egg.

He added: "Opening an Egg savings account is simple and provides the added flexibility to pay in or withdraw whenever you like, without penalty."

Customers can find out more information and apply for an Egg Internet Savings Account by visiting egg.com