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Internet Accounts

Fierce competition between banks and building societies mean that there are some competitive interest rates available on a variety of savings accounts. In addition there are a range of different services available and options you need to consider: how to you want to run your account and how frequently do you wish to access it? Because of this, it really does pay to shop around for the best current or savings account most suited to you.

Interest rates on savings accounts will vary depending on where and how you shop for them. In most instances, higher rates of interest can be found online for special internet accounts. Know what your internet account offers and consider if you prefer face-to-face banking at a local branch. An internet account that you can manage in the comfort of your home home may pay a better interest rate than compared with standard saving's accounts. This may be in part to lower operating costs for the provider who can in turn offer these rates on much smaller balances.

 

Current Accounts Savings Accounts Fixed Rate Bonds Cash ISAs

 

Provider Account Rate More Info
Nationwide MySave Online Plus 3.12%
AER
1.58% 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.

Once you've selected an internet account it's important to keep regularly reviewing its rates and charges. Interest rates are constantly changing and if another internet account offers a more competitive rate you could be missing out on a better return for your money.

If you are confused about the best internet account for you, we recommend speaking to one of our independent financial advisors for a free no obligation consultation. Alternatively, compare some of the leading internet accounts below:


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