Savings Accounts
Capital One increases rate on Base Beater savings account
Capital One will increase the rate paid on its Base Beater savings account from 6th July 2007.
Post Office boosts Instant Saver rate to 6 per cent
The Post Office is increasing the rate on its Instant Saver account from 5.75 per cent to 6.00 per cent following today’s rise in the Bank of England base rate.
Virgin Money: Savings increase
Virgin Money will increase the interest rate for Deposit Account and Cash ISA customers to 5% (AER) from midnight on Friday 20th July 2007.
Britannia branches out for the future
Britannia Building Society will plant a tree for every child whose parents open a savings account for them between Monday 2 July and 2 September 2007.
Bradford & Bingley launches ‘What If?’ account
Bradford & Bingley has announced the launch of the ‘What If? Saver Account’, designed to appeal to savers who want a ‘no notice’ home for their money that offers a highly attractive variable rate of 5.50% p.a.gross, which includes a bonus equivalent to 0.50% p.a gross.
moneysupermarket.com: Flurry of savings product activity
Commenting on the recent flurry of savings product activity, Kevin Mountford, head of savings at price comparison website moneysupermarket.com, said: “Highly competitive and innovative regular saving products have flooded the market this week – but should Brits be tempted?
MoneyExpert.com: Abbey’s new 10% savings account
Sean Gardner, Chief Executive of MoneyExpert.com, said: “Abbey customers who are keen to save regularly could be forgiven for thinking Christmas has come early with the launch of the firm’s new Super Monthly Saver paying 10 per cent for one year.
Abbey launches Super Monthly Saver Account
From today, Abbey’s customers will be able to benefit from an attractive 10 per cent AER through Abbey’s Super Monthly Saver account. The account is designed for people that want to save regularly to accumulate a lump sum after 12 months.
Savings accounts – how long before we see a 20% rate?
Rachel Thrussell, Head of Savings at Moneyfacts.co.uk, comments on the new regular savings accounts launched today from Alliance & Leicester and Abbey:
Nationwide launches Base Rate Tracker Premium offshore savings account
With effect from Monday 2 July 2007, Nationwide International is launching a new Base Rate Tracker Premium offshore savings account paying up to 6.00% gross p.a./AER.
Silver surfers net higher rate
Coventry Building Society increases rate on Sixty-Plus eSave - 6.40% for the over 60s.
Internet accounts with a catch
Rachel Thrussell, Head of Savings at Moneyfacts.co.uk, comments: “Birmingham Midshires online saver account launched this week pays a respectable 5.89% gross, but there is a catch – if you withdraw any money from this account you lose interest on your entire balance for that month.
The supermarket savings war 1- 0 to Sainsbury’s
Rachel Thrussell, Head of Savings at Moneyfacts.co.uk, comments: “Last week saw the savings market taken by storm with the rate increase on the market leading no strings savings account from Sainsbury’s Bank now paying 6% gross/AER.
SCIL launches notice account paying 6.30% with rate guarantees
Scarborough Channel Islands Limited (SCIL) is launching a new limited issue offshore notice account, paying 6.30% Gross p.a./AER guaranteed, or Bank of England base rate, whichever is the higher, until 31 July 2008.
Last few days of A&L 12% gross AER ‘Premier Regular Saver’ promotion
Alliance & Leicester today urged those who are looking to put a little bit of money away each month to sign up for its market leading Premier Regular Saver account before the promotion ends on 1st July 2007.