Online Bank Accounts – UK

If you find yourself in a position to invest your money over a medium/long fixed length of time in order to earn a higher interest rate, to follow is a list of 4 (four) year fixed rate bonds currently made available by online banks and building societies (BS), for you to compare.

In the following list, interest rates are expressed as gross p.a./AER.

• Anglo Irish Bank (angloirishbank.co.uk – 4 (Four) Year Fixed Rate Bond – 2.75% – £500 to £2million
• Barnsley BS (barnsley-bs.co.uk – 4 (Four) Year Fixed Rate Online Bond – 5.00% – £100 to £2million
• Julian Hodge Bank (julianhodgebank.com) – Capital Millennium 4 (Four) Year Fixed Rate Bond – 4.15% – from £1,000
• Principality BS (principality.co.uk - Four Year Direct Fixed Rate Online Bond – 5.10% – £1,000 to £250,000
• Saga (saga.co.uk) - 4 Year Fixed Rate Savings Bond Issue 1 – 4,60% – £1,000 to £10million

Barnsley Building Society (barnsley-bs.co.uk) is currently offering its Online Saver savings account giving an interest rate of 3.00% gross pa/AER variable.

This rate includes a 0.50% bonus lasting until 31/12/2010.

The variable rate is paid annually or monthly, according to the saver’s desire.

Unlimited withdrawals are allowed, only subject to daily limits.

Access to the account is online.

Minimum investment £1, maximum £1,000,000.