Savings Accounts
Citi launches new Flexible Saver Account
Citi has announced the launch of its new Citibank Flexible Saver Account (Issue 5) paying 3.10% AER / 3.06% gross p.a. variable, including a fixed bonus rate of 2.06% gross p.a. for the first 12 months.
New savings accounts from AA Savings
AA Savings has increased the interest rate of its five-year fixed account by 0.15% to 4.65% gross/AER for new investors; while two new 2-year fixed accounts have been launched.
Good news for online savers
Andrew Hagger of Moneynet.co.uk comments on the latest savings launches: The internet savings market has been a hive of activity during the last ten days but Alliance & Leicester have now pipped their rivals to the number one best buy spot in the mainstream savings market with a new online account paying 3.15% gross/AER.
Coventry Building Society re-launches 50 Plus eSave
Coventry Building Society has re-launched its highly successful 50 Plus eSave account. The new 50 Plus eSave account pays a best buy rate of 3.25% (AER/gross pa) which is fixed for 12 months from the date of individual account opening and allows unlimited, penalty free access.
Alliance & Leicester launches Online Saver 5 paying 3.15%
Alliance & Leicester launches Online Saver Issue 5 paying a market leading 3.15 per cent gross AER. With a minimum balance of just £1 and penalty free access available online, this account is ideal for savers looking for a great rate without any restrictions.
Easy access savings market hots up
Easy access savings accounts have been the poor relation for some time now, with providers having been focusing on fixed rates and Cash ISAs this year, according to moneysupermarket.com.
Sainsbury's new Internet Saver offer rate of 2.8%
Sainsbury's Finance has announced a new Internet Saver special offer that will pay a rate of 2.8% Gross AER (variable) to customers opening an account with deposit balances from £1,000 up to £500,000.
Great new internet saver rates, but note bonus period
Andrew Hagger of Moneynet.co.uk looks at the internet savings accounts launched this week and warns consumers to monitor the bonus element of the rate.
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.
Leeds launches online easy access account paying 3.05%
Leeds Building Society has launched a new easy access online account paying a market leading variable rate of 3.05%. Furthermore, the online account also allows unlimited withdrawals at any time, without notice or penalty.
A&L Premier Regular Saver with 7.00% offer closes this weekend
Research from Alliance & Leicester Current Accounts shows that one third (32 per cent) of UK workers are failing to save any of their wages each month.
Barnsley Building Society new Online Saver account
Savers looking for a great return on their cash without locking it away in a fixed-term account can earn 2.50% gross/AER with the new Online Saver account launched this week by Barnsley Building Society.
Online savers given a boost
Three providers have today announced their intention to increase rates on their online based saving accounts.
Principality launches second issue of e-SAVER account
Principality Building Society continues its reputation as the UK savings provider with the most consistent interest rates with the launch of its new online e-Saver Issue 2 account, which offers a market-leading rate of 2.85% AER (variable).
High fixed rate or low instant access rate?
As the Bank of England reports that the average interest rates on instant access savings accounts (including current accounts), notice savings accounts and cash ISAs remained static in May, Fairinvestment.co.uk's chartered financial planner Sharon Bratley comments on where next for savers.