Santander (santander.co.uk) is currently offering the online savings account Santander eSaver (Issue 2).
This online savings account grants an interest rate of 2.50% gross/AER (variable) for 12 months, after which the standard interest rate of 0.50% gross/AER (variable) applies.
Interest is calculated daily and received monthly or annually.
Santander eSaver can be opened with just £1 and, being an online savings account, it allows instant access 24 hours a day 7 days a week.
The Monthly Saver Account offered by National Counties Building Society (ncbs.co.uk) gives you a 1.50% Gross p.a/AER interest rate.
It can be opened and operated online.
You can open a Monthly Saver Account with just £20.
You can establish the monthly savings level you desire at a figure between £20 and £500.
Monthly sums can be added to the account thanks to direct debit from your bank account or monthly transfer from your existing National Counties account.
Likewise, withdrawals can be paid directly to your bank account.
You are allowed to miss one monthly payment each year without having your interest reduced.
Interest is calculated on a daily basis.
Two no notice, no penalty withdrawals are allowed in any 12 month period.
