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Bank Accounts Latest News Saga launches new online account
Bank Accounts Latest News Saga launches new online account Saga launches new online account
Saga Personal Finance has today (May 17th) announced the launch of a new easy access online savings account, which has an annual equivalent rate of 2.75 per cent.
The new savings account, named the Saga Internet Saver, is available to all new and existing UK account holders aged 50 and above and has a variable interest rate with a first-year bonus of one per cent gross.
It offers flexible savings on balances ranging between £1 and £1 million and allows unlimited internet access 24 hours a day, seven days a week. Saga has guaranteed that the interest rate on the account will never be more than two per cent below that Bank of England base rate, to a minimum of 0.25 per cent and maximum of eight per cent.
Also, there are no notice periods or fees attached to withdrawals, meaning that the account offers a quick and simple method of saving.
Ali Crossley of Saga said: "We appreciate that the over-50s expect their savings to work hard for them and bring them a decent income in retirement.
"This variable account, allowing customers to access their savings online, is the latest addition to our range of high interest savings options to suit all needs."
By Mark Hornby
The new savings account, named the Saga Internet Saver, is available to all new and existing UK account holders aged 50 and above and has a variable interest rate with a first-year bonus of one per cent gross.
It offers flexible savings on balances ranging between £1 and £1 million and allows unlimited internet access 24 hours a day, seven days a week. Saga has guaranteed that the interest rate on the account will never be more than two per cent below that Bank of England base rate, to a minimum of 0.25 per cent and maximum of eight per cent.
Also, there are no notice periods or fees attached to withdrawals, meaning that the account offers a quick and simple method of saving.
Ali Crossley of Saga said: "We appreciate that the over-50s expect their savings to work hard for them and bring them a decent income in retirement.
"This variable account, allowing customers to access their savings online, is the latest addition to our range of high interest savings options to suit all needs."
By Mark Hornby
Monday, 17 May 2010 00:00
Top 5 Current Accounts
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Provider |
Min Bal |
O/D Rate |
O/D Buffer |
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3%
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£500
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No Offer
N/A
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No Offer
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0%
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£1
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£100
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0.50%
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£1
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0%
for life
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£200
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£5p.m FREE
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£1
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0%
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£2,500
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0%
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£1
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0%
N/A
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No Offer
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Santander 123 Current Account
- The New 123 Current Account pays cashback on household direct debits
- 1% cashback on water and council tax
- 2% cashback on electricity and gas
- 3% cashback on mobile, home phone, broadband and paid for TV packages
- New 123 Current Account pays also pays in-credit interest
- 1% AER on the entire balance, once the customer’s balance is £1,000 or over
- 2% AER on the entire balance, once the customer’s balance is £2,000 or over
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- You are required to pay £2 a month (equates to 6p per day)
- Your overdraft fee will be 19.9% EAR plus an unauthorised fee of £1 per day.
- 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
- You must setup a minimum of 2 active direct debits
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- This account is open to NEW and EXISTING Santander customers aged 18 and above (must be UK resident)
Natwest Select
- 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
The Co-operative Current Account Plus
- ***You must deposit at least £800 per month***
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- UK call centres open 24/7, 365 days a year
- Fee-free £200 overdraft facility
- Dedicated switching service
Halifax Reward Current A/c
- 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:
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- - £2 per day - if you use an 'Arranged' overdraft over £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
- The Halifax Ultimate Reward Current Account (URCA) product has been awarded a Defaqto 5* award for the Mobile Phone Insurance aspect of its reward offering. - Defaqto are completely independent, ensuring an unbiased product view.
Barclays Bank Account
- A carbon neutral debit card (subject to status).
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- 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% interest per annum (variable).
- Representative Example: Up to £5,000 19.3% interest p.a. (variable)
- Subject to status and application. So the amount offered may be different to that shown on the example. Overdrafts are repayable on demand.
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- - 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.
RBS Select
- 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.
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- 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.
Natwest Advantage Gold
- Pay £12.50 per month and get the following benefits:
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- Mobile phone insurance – including all smartphones
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Nationwide Current Account
- VISA debit card with every account
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- Manage your account online with an excellent internet banking service.
- Three-month interest-free overdraft when you switch to FlexAccount
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- Voted Best Overall Online Provider 2009 by Your Money
Card One Banking Guaranteed Bank Account
- CardOneBanking offers the following:
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- Have your salary deposited into this account
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- Prepaid MasterCard card
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- 24 hour account management by Phone, Text and Online Banking
- Dedicated Account Manager
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Think Money Guaranteed Bank Account
- Think Banking offers the following:
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- Have your salary deposited into this account
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- YOU must be 18+ and UK resident
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