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Best Online Savings

Covering a wide range of savings products, most banks and building societies are now choosing to launch their best savings deals online via the internet. These top-paying accounts are available for those people wishing to apply for, and manage, their accounts across the internet: an invaluable service in today's society.

The best online savings accounts will inevitably offer a higher level of interest, making your money work even harder for you. Searching for the best online savings with competitive interest rates will depend on your personal and financial circumstances as well as depending on the provider and account type. In most instances, the highest rates of interest can be found through special online e-accounts. In addition, due to lower operating costs for the provider they can often offer these low rates on much smaller balances.

Things to consider when looking for the best online savings account:

  • Account management: Are you most comfortable dealing with your account in person at a local branch or do you prefer to do all your banking at a time that suites you from the comfort of your own home?
  • Accessibility: Do you require instant access to your money or can you afford to restrict access to your money with a no access account? The later will often come with a higher interest rate so long as you can give a certain notice period in which to withdraw money. If you are comfortable doing so then a no notice account may provide the best online savings.
  • Interest rates: Does your online account offer an introductory interest rate? Remember to factor in the standard rate which your account will switch to after this introductory period. In some cases, a great introductory rate may not be the best online savings account as it will work out worse in the long term.

 

Current Accounts Savings Accounts Fixed Rate Bonds Cash ISAs

 

Provider Account Rate More Info
Nationwide MySave Online Plus 3.02%
AER
1.48% Gross p.a. bonus fixed for 12 months. One free withdrawal per year. Flexibility for additional withdrawals.
ING Direct ING Direct Savings Account 3.10%
AER Variable
New customers can enjoy a rate of 3.10% AER inc a 12 month fixed bonus of 2.56%. Max balance applies. Open in as little as 10 mins - easy access - someone new joins every 20 seconds.
Halifax Online Saver 2.80%
Gross / AER
Instant access, minimum deposit of £1. Access your savings 24/7/365
Halifax Reward Saver 2.50%
Gross / AER
Instant access, minimum deposit of £1. Access your savings 24/7/365
Intelligent Finance Intelligent Finance iSaver 2.49%
Gross / p.a.
An online rate of 2.49% AER annually. Manage your savings online. A simple product with no short term bonus or withdrawal restrictions.
Lloyds TSB International Lloyds International Bonus Saver 2.00%
Gross / p.a.
Instant Access, up to 2.01% AER (variable) with bonus. Sterling, Euro or Dollar.
RBS RBS Direct Saver 1.50%
Gross / p.a.
Save over 50K and receive 1.5%. Interests rates vary for smaller amounts.
Natwest Natwest e-Savings 1.00%
Gross / AER
Offers a rewarding rate of 1.00% AER / Gross (variable) no matter how much you save.
HSBC Online Bonus Saver 0.75%
Gross / p.a.
Variable rate of 0.75% AER (0.75% gross including bonus interest) when you don't make a withdrawal.

The products contained in this table are a sample of those that were available at the time of publishing. The table does not include all of the products available and those seleted are not necessarily a representative sample of the whole market. Furthermore they do not constitute either the cheapest or most suitable products available and we recommend that you seek independent financial advice before making any changes to your financial affairs.

We've compared the best online savings accounts on your behalf. For some of the best online savings accounts around you can apply online today. Alternatively, speak to an independent savings advisor for impartial advice.


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