Egg launches new attractive savings propositions

Egg, the internet bank, has announced the launch of two new savings accounts to help customers make their money stretch further.

New Egg Bonus Savings Account paying 2.80% gross pa/AER incorporating a fixed rate bonus of 1.55% for the first 12 months.

From 26 June 2009, this new bonus account is available to both new and existing customers with new funds from just £1 and up to £1,000,000 and offers a competitive rate and an attractive fixed bonus rate for the first year. Customers also have the flexibility to pay in or withdraw however much they like, whenever they like, without penalty.

From 1 July, Egg is also offering a three year Egg Fixed Rate Bond paying 4.30% gross PA/AER. The bond will be available to both new and existing customers who have an Egg Savings Account and for deposits between £1,000 and £2,000,000.

The interest rate of 4.30% gross pa/AER is fixed for a term of three years from the date the bond is opened. No additional deposits or withdrawals are permitted during the three year term. The bond is available to applications and cleared funds received on or before the 29 September 2009.

Sharon Maguire, Head of Banking Products at Egg said: "During times of unprecedented low interest rates, customers need to have the peace of mind that their savings account is making their money stretch further."

Customers can find out more information and apply for an Egg Bonus Savings Account or an Egg Fixed Rate Bond by visiting egg.com.