Savings Accounts

Instant access savings – make sure you read the small print!

Rachel Thrussell, Head of Savings at Moneyfacts.co.uk, comments: “With bank base rate increasing by a full percentage point over the last nine months, savings accounts can now offer rates high enough for savers to sit up and take notice.

Principality increases rate on e-SAVER

Principality, Wales’ largest building society has increased the rate paid to its e-SAVER account. e-SAVER customers will earn a market leading 5.85% gross p.a. on their savings which is one of the best online rates available in the market today.

Birmingham Midshires launches new online savings account

Top UK direct savings provider, Birmingham Midshires, this week launches a new online savings account offering long-term savers a market-leading rate. The account is aimed at savers who are looking to lock their money away to attract a higher rate of interest but like the comfort of knowing they can access the money should an urgent need arise.

HSBC increases rates for savers by the full 0.25 per cent

HSBC continues to dominate the online savings market with a further increase to its popular Online Saver offer, up 0.25 per cent to 6 per cent, following the Monetary Policy Committee’s May base rate rise.

Standard Life brings back business bonus savings account

Standard Life Bank has today (29 May) announced its new Business Bonus Savings Account, with a market-leading rate of 5.60% gross, for the first six months.

Abbey International increases rates on Base Rate Tracker accounts

Abbey International has responded quickly to the recent change in UK Base Rates, with interest rates on all its Base Rate Tracker accounts rising on May 14th 2007.

Abbey launches Base Rate Tracker Term Account

Abbey International has launched a new issue of its Base Rate Tracker Term Account (Issue 6) as part of its range of deposit accounts offering consistent and competitive rates of interest.

Bank of Scotland increases interest rate on Instant Access Savings Account

Bank of Scotland International has increased the interest rate on its Instant Access Savings Account, with immediate effect:

Over 50s savings grow

Rachel Thrussell, Head of savings at moneyfacts.co.uk, comments: “This week sees the launch of two accounts designed for savers aged 50 or over.

Fixed rate savings reach new highs

Rachel Thrussell, Head of savings at moneyfacts.co.uk, comments: “Today sees the launch of two new fixed rate accounts from Bank of Cyprus UK and West Bromwich BS which push fixed rates to a new high which we have not seen for five years.

Abbey increases rates on savings accounts

Following the increase in the Bank of England Base Rate from 5.25 per cent to 5.50 per cent, Abbey is increasing its savings rates by up to 0.80 per cent from 1 June 2007.

It never rains but it pours at Chelsea

Chelsea Rainy Day PostSaver is a postal account with an attractive rate of interest, 6.00% gross pa/AER+(including an unconditional 1.00% gross pa bonus for the first year from the date of account opening), aimed to encourage people to save for those unexpected emergencies in life. The account is being launched on Saturday 19 May 2007.