Banking & Saving - UK 'divided into savers and those who cannot pay debts'
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Latest News UK 'divided into savers and those who cannot pay debts'
UK 'divided into savers and those who cannot pay debts'
When it comes to personal finances, one industry expert claims that Britons are set to be split into two separate groups.
People are split into two distinct groups with regards to money management, an industry expert claims.According to Motley Fool director David Kuo, "Britain will be a divided nation" - separated into those who are able to put money into saving accounts and people that are not in a position to be able to repay their debts.
He goes on to claim that those relying on the likes of credit cards to supplement their day-to-day finances may find their access to such products are curtailed.
Pointing towards rising unemployment rates, Mr Kuo states that an increasing number of borrowers are set to default on their debts.
In turn, he suggests that "banks are fearful about lending money and then not seeing the money come back".
Comments by the Motley Fool director come on the back of figures by Credit Action revealing that the nation's personal debt accounted for some £1,459 billion as of the end of April.
Meanwhile, consumer credit lending to individuals stood at £232 billion, a fall of 2.9 per cent from the same point 12 months ago.
Written by Joe Letts
Wednesday, 01 July 2009 00:00
Comments (1)
The comments listed below are opinions held by the individuals posting and are not endorsed by, or representative of opinions held by which4u.co.uk. We cannot be held responsible or liable for the accuracy or content of any comments submitted. We reserve the right to publish, remove or edit comments as we see fit.
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stevegriffiths60@msn.com 2010-02-06 18:14:03the banks are there to make people suffer with more and higher interest rates if you restructure your loan because you defaulted a payment possibly not your fault .these money lenders dont care the big words of these banks we want our money at all costs . why does the tax payer allways have to help bankers with there debts when the tax paying public start to struggle paying there bills because of over inflationery bonuses for the rich . i ,like many others in this country havnt had a pay rise in 10 years now i get payed £3.50 an hour less because of the debt this parliment of rich greedy people that think of nothing but themselves . i get no bonus im not the only one , ispeak for the majority of low paid workers with debts the rich dont care as long as they screw the wages down so we low paid end up in court or with more crippling interest rates . I want to pay my debts while i have a job sounds promising . how many 1000s of people in the same situation ? why is the government and the rich holding the average person that works hard gets kicked in the teeth hearing that people earn bonuses more than there wages . ? the construction industry has shafted the workforce that makes them billions no bonuses for the manual worker no rise either bonus for the top man lower the wage. fed up of being trud on .
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| Provider | AER | Min Bal | O/D Rate | O/D Buffer | Apply |
|---|---|---|---|---|---|
| View Full Table > | |||||
 |
A&L Premier Direct Current Account | ||||
|
5%
|
£1
|
0%
for 12 mths
|
£2,000
|
||
 |
Santander In-Credit Current Account | ||||
|
5%
|
£1
|
0%
for 4 mths
|
£5,000
|
||
|
|
Santander 0% Overdraft Current Account | ||||
|
0.10%
|
£1
|
0%
for 12 mths
|
£5,000
|
||
 |
Lloyds TSB Classic Plus Account | ||||
|
2.50%
|
£1
|
No Offer
|
No Offer
|
||
 |
Lloyds TSB Current Account with Vantage | ||||
|
4%
|
£1
|
No Offer
|
No Offer
|
||
- 5.0% Annual Earnings Rate on balances up to £2,500
- **(5.0% is fixed for 1 year)**
- 0.1% AER (variable) on balances over £2,500
- £2,000 0% overdraft facility for 12 months from account opening, then 50p a day (up to £5 a month) if agreed by Alliance and Leicester.
- You have to pay at least £500 per month into your current account
- You must be over the age of 21
- Earn 5% AER on balances up to £2,500 for 12 months
- After 12 months you will earn 1.0% AER on any balance on the account
- 0% EAR on Overdrafts for the first 4 months (up to £5,000 depending on your circumstances), after this it will revert to 19.9%EAR
- Manage your day-to-day money for free with no monthly account fee, no transaction charges and no charges for using account facilities - as long as you remain in credit
- Get a cheque book and a Visa Debit card. You can use your Visa Debit card in shops wherever you see the Visa symbol and at virtually every cash machine in the UK and many worldwide. It also acts as a £100 cheque guarantee card
- Access to your money 24 hours a day 7 days a week through our e-banking service, 750+ branches, 24-hour telephone banking service, LINK cash machine network or even by post
- At least £1,000 a month must be credited to get 5% AER on balances up to £2,500
- If not switching earn 6% AER on balances up to £1,000 for 12 months if £1,000 is credited each month
- 0% overdraft for 12 months
- After 12 months you will pay an Advance Overdraft rate of only 12.9% EAR
- When switching, Abbey will offer to match your previous overdraft up to £5,000. *Conditions apply*
- Earn 0.1% AER on any balance on the account
- Get a cheque book and a Visa Debit card. You can use your Visa Debit card in shops wherever you see the Visa symbol and at virtually every cash machine in the UK and many worldwide. It also acts as a £100 cheque guarantee card
- Access to your money 24 hours a day 7 days a week through our e-banking service, 750+ branches, 24-hour telephone banking service, LINK cash machine network or even by post
- At least £1,000 a month must be credited to benefit from this offer
- 2.5% AER / 2.47% Gross (variable) on balances up to £2,500, when you pay in at least £1,000 per month into your current account.
- 0.1% AER / Gross (variable) on balances over £2,500.
- Free banking – no charge for everyday transactions when you’re in credit.
- Access to one of the biggest banking networks in the UK with over 1,900 branches and 32,000 LINK cash machines.
- A VISA debit card you can use in over 500,000 places in the UK and 18 million outlets worldwide.
- Commission-free foreign currency and non-sterling American Express Travellers Cheques.
- Utilise the speed and control of Internet Banking, if you are registered.
- You can call PhoneBank ® (based in UK) to speak to our advisors or use our quick automated service, 24 hours a day, 7 days a week.
- "Interest paid monthly. AER (Annual Equivalent Rate) – the rate if interest was paid and compounded once a year. Gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law. PhoneBank® is a registered trademark of Lloyds TSB Bank plc."
- Earn up to 4.00% AER / 3.93% Gross variable on balances up to £7000 when you pay in £1,000 per month.
- 4.00% AER (3.93% Gross) on balances £5,000 up to £7,000
- 3.00% AER (2.96% Gross) on balances between £3,000 and £4,999
- 2.00% AER (1.98% Gross) on balances between £1,000 and £2,999
- 0.10% AER / Gross on balances upto £1,000 or over £7,000
- Free banking - no charge for everyday transactions when you're in credit
- Visa Debit card with access to 1,800 UK Branches and 58,000 LINK cash machines, use in over 500,000 outlets in the UK, 27 million worldwide
- Commission-free foreign currency and non-sterling American Express Travellers Cheques
- Utilise the speed and control of Internet Banking, if you are registered
- Call a UK call centre to speak to our advisors or use a quick automated service, 24 hours a day, 7 days a week.
- Interest rates are correct as at 02/02/09
AER (Annual Equivalent Rate) – the rate if interest was paid and compounded once a year. Gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.
PhoneBank® is a registered trademark of Lloyds TSB Bank plc.
Account opening is subject to our assessment of your circumstances; you must be 18 or over to apply.
PhoneBank® is a registered trademark of Lloyds TSB Bank plc.
Account opening is subject to our assessment of your circumstances; you must be 18 or over to apply.
- Free day-to-day banking without subscription charges
- Overdraft available subject to eligibility, giving your finances some breathing space
- Chequebook available subject to eligibility; handy when cash or cards aren't convenient
- Monthly statements with all your transactions and your balance - by post or online. Or pick up a mini-statement from our cash machines
- A carbon neutral debit card (subject to status).
- Online Banking – do your banking from home (subject to registration).
- Telephone Banking – pay bills and more (subject to registration).
- A network of over 1,700 branches.
- Draw on cheques paid in before they clear (subject to status and limit).
- An overdraft: 19.3% EAR typical variable*. Subject to status and application. Overdrafts are repayable on demand.
- Barclays £2,500 Overdraft Reserve Option:
- - One Reserve Usage Fee of £22 for each five consecutive working day period from the day you start using your Reserve.
- - No interest payments on your Reserve balance. 0% EAR typical.
- - The Reserve is repayable on demand. The maximum Reserve is £2500, subject to status.
- - One Returned Transaction Fee of £8 for each returned transaction where you exceed your Reserve.
- - One Guaranteed Transaction Fee of £8 for each guaranteed payment made where you exceed your Reserve.
- Halifax will give you £5 each month you pay in £1,000, whether you're in credit or overdrawn.
- This account offers a flexible 0% Overdraft facility:
- - £1 per day - if you use an 'Arranged' overdraft up to and including £2,500
- - £2 per day - if you use an 'Arranged' overdraft up to and including £2,500
- - £5 per day - if you use an 'Un-Arranged' overdraft
- A Halifax Visa debit card
- Access to the extensive branch Network
- 24/7 Online Banking Access
- ***You must deposit at least £800 per month***
- Interest on all balances tracks at 0.5% below the Bank of England Base Rate, guaranteed for the life of your Current Account.
- UK call centres open 24/7, 365 days a year
- Fee-free £200 overdraft facility
- Dedicated switching service
- YOU NEED TO PAY £12.50 PER MONTH FOR THIS ACCOUNT
- **Customers will now be able to get the first three months at only £6 per month (instead of £12.50)**
- How to get 10% AER on your savings with this account...
- Step 1: Open your HSBC Plus Account and agree to pay £12.50 per month for at least 12 months.
- Step 2: Open a joint Regular Saver Account (as a Plus Customer you will be given a higher interest rate of 10% rather than 8%)
- Step 3: You can move between £25 - £250 per month from Plus Account to the Regular Saver Account
- Step 4: If you invest £250 per month, a total of £3,000 will be paid into your account during the 12 month term. At 10% interest, you will earn approximately £163 interest (gross).
- WARNING: Partial withdrawals are not permitted from a Regular Saver Account. If you decide to close your account before the first anniversary HSBC Flexible Saver rate will apply (Currently 0.10% AER).
- Overdraft facility at 17.9% EAR variable is available, however this is on a case-by-case basis.
- Fee free cash withdrawals worldwide
- Worldwide family travel insurance (inc. winter sports cover - up to aged 70) - Worth £180 per year!
- ID Theft Assistance- £80 per year
- Life Cover - £43 per year
- Roadside Breakdown Assistance - £92 per year - Price based on RAC Solution 1 cover before any discounts.
- YOU MUST BE 18+ & PAY AT LEAST £500 PER MONTH INTO THIS ACCOUNT
- HSBC
- Automatically transfer your Direct Debits and standing orders to your new account
- New cheque book & Debit Card within a week of you opening your account...or HSBC give you £10
- Enjoy a 0% overdraft for two months, while HSBC transfer your account After this time the overdraft rate will be 19.9% EAR variable
- Make the most of your savings with a linked HSBC Regular Saver Account
- Sleep easy knowing you're supported by Identity Theft Assistance, which includes one free online credit report per year
- If you're on the move, keep tabs on your balance and transactions with Monilink Mobile Banking
- Manage your money with free 24/7 Internet Banking*, pay bills and make payments securely.
- Telephone and branch banking are also available
- Free HSBC Bank Debit Card to pay for goods and services at home and abroad**
- Get up to £50 cashback at various UK outlets when you pay with your free HSBC Bank Debit Card
- Monthly statements (or Go Green to save paper and view your statements online)
- Free everyday banking - no monthly subscription charges.
- No arrangement or renewal fees - on overdrafts up to £15,000. And pay no interest on agreed overdrafts of up to £100.
- Save on your mortgage - use your Interest Paying Current Account balance to save money with our Offset Service.
- Easy access to your money - your debit card gives you access to almost every cash machine in the UK. You can also pay for goods and services wherever you see the logo shown on your card.
- Online banking - manage your money 24 hours a day, 365 days a year with our telephone and internet banking services. (Except for short periods of essential maintenance.)
- Overseas money - get money in local currency at cash machines and buy goods wherever you see the logo shown on your card.
- Statements - monthly statements list all transactions and your current balance. You can also get mini-statements from any cash machine.
- Earn interest - we pay interest on your account; it's calculated daily and credited once every month.
- CardOneBanking offers the following:
- Guaranteed Acceptance
- Sortcode & Account Number
- Prepaid MasterCard card
- 24 hour account management by Phone, Text and Online Banking
- Dedicated Account Manager
- NO OVERDRAFT FACILITY – No risk of going overdrawn
- NO EXTRA CHARGES – No charges for bounced standing orders
- NO CREDIT CHECKS! – Guaranteed to be accepted, regardless of your past credit
- YOU must be 18+ and UK resident
- £30 account opening fee and £12.50 monthly management fee
| Provider | AER | Notice | Interest Paid | Min Bal | Apply |
|---|---|---|---|---|---|
| View Full Table > | |||||
|
|
Halifax Websaver Extra | ||||
|
2.80%
|
Instant
|
Annually
|
£1
|
||
 |
Tesco Internet Saver | ||||
|
2.75%
|
Instant
|
Annually
|
£1
|
||
|
|
A&L Online Saver (Issue 7) | ||||
|
2.75%
|
Instant
|
Annually
|
£1,000
|
||
 |
ING Direct Savings Account | ||||
|
2.50%
|
Instant
|
Monthly
|
£1
|
||
 |
Egg Savings Account (Internet) | ||||
|
2.50%
|
Instant
|
Annually
|
£1
|
||
- 2.80% AER on Balances £1 - No maximum balance
- Withdrawals - 1 withdrawal a year with no loss of interest.
- Further withdrawals available should you need them however these will suffer 30 days loss of interest on the amount you withdraw.
- Access your money by transferring to another account online
- Interest paid annually
- You need to be a UK resident personal customers aged 11+
- YOUR SAVINGS ARE PROTECTED UP TO £50,000 BY THE FSCS - Financial Services Compensation Scheme
- Minimum Deposit £1
- 2.75% Gross/AER (variable) which includes a fixed 1.50% bonus for 12 months on balances up to £100k
- Balances over £100,000 earn 1.25% Gross / AER (variable)
- No withdrawal Restrictions
- Deposit & Withdraw money via online transfer
- SAVE from £1000 up to £2,000,000.
- Interest PAID annually.
- Rate includes variable bonus (depending on account balance) payable for 12 months from account opening.
- No withdrawal charges.
- Online account.
- Available to those aged 18 or over.
- New ING Direct Savings Account customers can enjoy a guaranteed rate of 2.5% AER for 12 months from account opening (2.47% gross p.a.)
- Interest paid monthly
- After 12 months the rate will revert to our ING Direct Savings Account variable rate, currently 0.50% AER
- Move your money when you like, with no penalties or restrictions
- Start saving from £1, with no minimum or maximum monthly deposits required
- Open an account in minutes
- Award winning UK call centres
- Get 2.50% gross pa/AER variable
- Includes an introductory 12 month variable bonus rate of 2.00% gross pa from the date your account is opened on balances up to £1,000,000.
- No interest payable on balances over £1,000,000 during the first 12 months.
- After 12 months you move to a standard variable rate; currently 0.5% gross pa/AER (variable).
- No penalties for withdrawals.
- Easy access 24 hours a day, every day.
- It's easy to set up a regular deposit, then sit back and watch your savings grow.
- YOUR SAVINGS ARE PROTECTED UP TO £50,000 BY THE FSCS - Financial Services Compensation Scheme
- Great return of 2.50% gross/AER (variable), which includes a bonus of 2.00% gross/AER (variable) for the first 12 months from account opening.
- Save from just £1
- 24/7 access to your money without notice or penalty - Cash Card with every account!
- Interest is calculated daily and paid Monthly
- YOUR SAVINGS ARE PROTECTED UP TO £50,000 BY THE FSCS - Financial Services Compensation Scheme
- Get 2.10% AER
- Get 6 free withdrawals per year - and only £1 per withdrawal thereafter
- Save £500 to £1million
- Interest is paid annually in March
- Post Office guarantee to pass on any rise in the Bank of England Base Rate (within 30 days) until January 2010
- Post Office also guarantee that your interest rate will never be more than 1% below the Bank of England Base Rate for the life of the account.
- YOUR SAVINGS ARE PROTECTED UP TO £50,000 BY THE FSCS - Financial Services Compensation Scheme
- Get 2.00% gross p.a./AER providing you don't make more than 3 withdrawals per year (more than this will result in a lower rate of interest).
- Save from £1 to £500,000
- If you ARE a Nationwide FlexAccount holder, you can set up a high interest internet savings account online
- If you are NOT a Nationwide FlexAccount holder, you WILL need to open a FlexAccount Online at the same time as opening your e-Savings Plus.
- A variable rate of interest, currently 1.60% AER/Gross.
- This rate includes a fixed introductory bonus of 1.50% AER for the first 12 months.
- On balances of £1 or more we agree to pay a gross annual interest rate which tracks at 1.5% below the Bank of England Base Rate until 31 December 2010 (but the rate will never be less than 0.10%).
- Open from as little as £1.
- Interest paid annually.
- Instant access - the convenience of Internet Banking or PhoneBank® means you can access your savings when it suits you.
- No limits on how much you can save.
- The options to have a standing order payment into your account, so you know your savings are always growing.
- Optional Cashpoint® card for easy access on the move.
- Minimum opening balance - £1
- No maximum balance
- Interest paid annually
- Unlimited withdrawals and deposits
- Manage your savings - Transfer money, view recent transactions and check your balance online 24/7 with this internet savings account
- Applying is easy - it only takes 5 minutes to apply online now
- You need to be a UK resident personal customers aged 11+
| Provider | AER | Duration | Min Bal | Apply |
|---|---|---|---|---|
| View Full Table > | ||||
|
|
Halifax 3 Year Fixed Rate Web Saver | |||
|
4.50%
|
Fixed term for 3 years
|
£500
|
||
|
|
Halifax 2 Year Fixed Rate Web Saver | |||
|
4%
|
Fixed term for 2 years
|
£500
|
||
|
|
Santander 2 Year Bond | |||
|
3.75%
|
Fixed term for 2 years
|
£25,000
|
||
|
|
Santander 2 Year Bond | |||
|
3.25%
|
Fixed term for 2 years
|
£10,000
|
||
|
|
Halifax 1 Year Fixed Rate Web Saver | |||
|
2%
|
Fixed term for 1 year
|
£500
|
||
- Account gives you a great rate of 4.50% AER
- You can open an account with just £500.
- The maximum balance is £9,000,000.
- Great fixed rates of interest - so you are protected against changes in interest rates and know exactly what you'll earn.
- On maturity you'll still get a good rate as your savings and interest are transferred into the Variable Rate Web Saver (which is opened at the same time as your Fixed Rate account).
- YOUR SAVINGS ARE PROTECTED UP TO £50,000 BY THE FSCS - Financial Services Compensation Scheme
- Account gives you a great rate of 4.00% AER
- You can open an account with just £500.
- The maximum balance is £9,000,000.
- Great fixed rates of interest - so you are protected against changes in interest rates and know exactly what you'll earn.
- On maturity you'll still get a good rate as your savings and interest are transferred into the Variable Rate Web Saver (which is opened at the same time as your Fixed Rate account).
- YOUR SAVINGS ARE PROTECTED UP TO £50,000 BY THE FSCS - Financial Services Compensation Scheme
- 3.75% gross/AER* on balances of £25k+
- Matures 1st February 2012
- Get a great fixed rate for the next two years
- Pay in anything from £1 up to a maximum of £2,000,000
- Invest £1 to £9,999 and receive 3.00% gross/AER
- Invest £10,000 to £24,999 and receive 3.50% gross/AER
- Invest £25,000 up to £2,000,000 and receive 3.75% gross/AER
- Available to new and existing Santander customers
- You can't add to your bond once it's open so put in as much as you can at the start
- This is a limited offer and subject to availability. Apply today as this product can be withdrawn at any time
- * gross/AER based on funds invested on 1st February 2010
- Matures 1st February 2012
- Get a great fixed rate for the next two years
- Save from £10,000 up to £25,000 and receive 3.25% gross/AER fixed
- Available to new and existing Santander customers
- Invest £1 to £9,999 and receive 3.00% gross/AER
- Invest £10,000 to £24,999 and receive 3.50% gross/AER
- Invest £25,000 up to £2,000,000 and receive 3.75% gross/AER
- You can't add to your bond once it's open so put in as much as you can at the start
- Accessing your money during the term can only be done by closing the account, which is subject to 120 days loss of net interest
- gross/AER based on funds invested on 1st February 2010.
- Account gives you a great rate of 2.00% AER
- You can open an account with just £500.
- The maximum balance is £9,000,000.
- Great fixed rates of interest - so you are protected against changes in interest rates and know exactly what you'll earn.
- On maturity you'll still get a good rate as your savings and interest are transferred into the Variable Rate Web Saver (which is opened at the same time as your Fixed Rate account).
- YOUR SAVINGS ARE PROTECTED UP TO £50,000 BY THE FSCS - Financial Services Compensation Scheme
- Account gives you a great rate of 1.50% AER
- You can open an account with just £500.
- The maximum balance is £9,000,000.
- Great fixed rates of interest - so you are protected against changes in interest rates and know exactly what you'll earn.
- On maturity you'll still get a good rate as your savings and interest are transferred into the Variable Rate Web Saver (which is opened at the same time as your Fixed Rate account).
- YOUR SAVINGS ARE PROTECTED UP TO £50,000 BY THE FSCS - Financial Services Compensation Scheme
- Matures 1st August 2011
- 3.25% gross/AER* on balances of £25k+
- Get a great fixed rate on your savings for one year
- Pay in anything from £1 up to a maximum of £2,000,000
- Invest £1 to £9,999 and receive 2.75% gross/AER
- Invest £10,000 to £24,999 and receive 3.00% gross/AER
- Invest £25,000 up to £2,000,000 and receive 3.25% gross/AER
- Available to new and existing Santander customers
- You can't add to your bond once it's open so put in as much as you can at the start
- This is a limited offer and subject to availability. Apply today as this product can be withdrawn at any time
- * gross/AER based on funds invested on 1st February 2010
- Matures 1st February 2011
- Save £1 to £9,999 and receive 2.50% gross/AER fixed
- Save £10,000 up to £2,000,000 and receive 2.75% gross/AER fixed
- Get a great fixed rate on your savings for one year
- Pay in anything from £1 up to a maximum of £2,000,000
- Available to new and existing Santander customers
- You can't add to your bond once it's open so put in as much as you can at the start
- Accessing your money during the term can only be done by closing the account, which is subject to 120 days loss of interest
- *gross/AER based on funds deposited by 1st February 2010.
- Get higher savings rate the more you deposit
- Deposit £1 - £24,999 = 2.75% AER fixed for 1 year
- You need to have a Nationwide Flexi-Current Account to deposit funds in to this bond. If you do not have one you will be asked to set one up as part of your application process.
- Manage your savings bonds online via our secure Internet Bank
- Enjoy the security of a guaranteed rate of return
- Choose between monthly or annual interest
- Open several e-Bonds (the combined savings bonds balance mustn't exceed £3m)
- Use your own e-Bond account nickname instead of having to remember a lot of numbers
- Your online security protected with Nationwide's Internet Banking Promise
- Get higher savings rate the more you deposit
- You need to have a Nationwide Flexi-Current Account to deposit funds in to this bond. If you do not have one you will be asked to set one up as part of your application process.
- Manage your savings bonds online via our secure Internet Bank
- Enjoy the security of a guaranteed rate of return
- Choose between monthly or annual interest
- Open several e-Bonds (the combined savings bonds balance mustn't exceed £3m)
- Use your own e-Bond account nickname instead of having to remember a lot of numbers
- Your online security protected with Nationwide's Internet Banking Promise
- Get higher savings rate the more you deposit
- You need to have a Nationwide Flexi-Current Account to deposit funds in to this bond. If you do not have one you will be asked to set one up as part of your application process.
- Manage your savings bonds online via our secure Internet Bank
- Enjoy the security of a guaranteed rate of return
- Choose between monthly or annual interest
- Open several e-Bonds (the combined savings bonds balance mustn't exceed £3m)
- Use your own e-Bond account nickname instead of having to remember a lot of numbers
- Your online security protected with Nationwide's Internet Banking Promise
- Get higher savings rate the more you deposit
- You need to have a Nationwide Flexi-Current Account to deposit funds in to this bond. If you do not have one you will be asked to set one up as part of your application process.
- Manage your savings bonds online via our secure Internet Bank
- Enjoy the security of a guaranteed rate of return
- Choose between monthly or annual interest
- Open several e-Bonds (the combined savings bonds balance mustn't exceed £3m)
- Use your own e-Bond account nickname instead of having to remember a lot of numbers
- Your online security protected with Nationwide's Internet Banking Promise
- Matures 1st February 2011
- Save £1 to £9,999 and receive 2.50% gross/AER fixed
- Save £10,000 up to £2,000,000 and receive 2.75% gross/AER fixed
- Get a great fixed rate on your savings for one year
- Pay in anything from £1 up to a maximum of £2,000,000
- Available to new and existing Santander customers
- You can't add to your bond once it's open so put in as much as you can at the start
- Accessing your money during the term can only be done by closing the account, which is subject to 120 days loss of interest
- *gross/AER based on funds deposited by 1st February 2010.
- Save for 2 years,
- Fixed interest rates of 3.90% AER/Gross*.
- View eBond interest rates.
- Choose when your interest is paid - monthly to supplement your income or yearly as a lump sum - it's up to you.
- Nominate where your Interest is paid – this can be a current account or an eligible savings account (excluding Monthly Saver, Term Deposits, Child Trust Fund, and ISA products.)
- Save from £2,000 up to £1,000,000
- No withdrawals are allowed.
- You can make additional deposits to the product whilst the issue is on sale. This is a limited issue product however so once the issue is full no further deposits can be made.
- Rate is fixed for the term of the deposit.
- Manage your account through a dedicated eBond Savings Team. The account cannot be serviced through PhoneBank, branches or Internet Banking.
- Minimum opening balance - from £500 upwards
- Maximum balance - £9 million per account
- Withdrawals - if after 6 months you need to withdraw your funds you may close your account subject to loss of interest
- No additional deposits - after opening your account
- Manage your savings - by telephone or branch. View your balance online 24/7
- Minimum opening balance - from £500 upwards
- Maximum balance - £9 million per account
- Withdrawals - if after 6 months you need to withdraw your funds you may close your account subject to loss of interest
- No additional deposits - after opening your account
- Manage your savings - by telephone or branch. View your balance online 24/7
- Minimum opening balance - from £500 upwards
- Maximum balance - £9 million per account
- Withdrawals - if after 6 months you need to withdraw your funds you may close your account subject to loss of interest
- No additional deposits - after opening your account
- Manage your savings - by telephone or branch. View your balance online 24/7
- Minimum opening balance - from £500 upwards
- Maximum balance - £9 million per account
- Withdrawals - if after 6 months you need to withdraw your funds you may close your account subject to loss of interest
- No additional deposits - after opening your account
- Manage your savings - by telephone or branch. View your balance online 24/7
- Get higher savings rate the more you deposit
- Deposit £1 - £24,999 = 3.20% AER fixed for 18 months
- You need to have a Nationwide Flexi-Current Account to deposit funds in to this bond. If you do not have one you will be asked to set one up as part of your application process.
- Manage your savings bonds online via our secure Internet Bank
- Enjoy the security of a guaranteed rate of return
- Choose between monthly or annual interest
- Open several e-Bonds (the combined savings bonds balance mustn't exceed £3m)
- Use your own e-Bond account nickname instead of having to remember a lot of numbers
- Your online security protected with Nationwide's Internet Banking Promise
