Savings Accounts
Welcome to our savings account section of The Money Stop
Account Offer |
Interest Rate [AER] |
Auth Overdraft Rate |
Comments |
More Details |
|---|---|---|---|---|
 eSaver |
6.5% variable |
0% for 12 months |
Interest is earned daily and paid monthly, open an account with as little as £1, no notice for withdrawals although no interest is earned on the account balance in any month in which a withdrawal is made or the account is closed, manage your savings online free. |
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Recent reports have indicated that many consumers in the UK fail to make the most of their savings by failing to find the best savings account for their needs.
There are many different savings accounts available these days and the interest rates offered on these accounts can vary quite significantly. Those depositing larger sums of cash into savings account could make hundred of pounds extra each year by selecting a savings account that pays a higher rate of interest.
We all want to try and save some money for the future, or simply for a rainy day or emergencies, and the better the interest rate offered on our savings account the harder our money will work for us and the better the rewards. In addition to looking at the interest rates on savings accounts you also need to look at other factors such as minimum and maximum deposits, penalties for making withdrawals, and any notice periods that may be required in order to make a withdrawal.
Many banks and building societies have been slated over failing to pass on interest rate rises from the Bank of England to savers. This means that often consumers are left to pay increased rates of interest on their borrowing but fail to receive any increased interest rate rise on their savings. By finding an account that offers a decent and competitive interest rate you can help to strike more of a balance and make the most of interest rate rises.
Finding a savings account that offers a high rate of interest means that you can earn more from your savings, so you should look out for accounts that offer high interest rates.
If you already have a savings account that does not pay a very competitive interest rate then you should consider making a switch to a different savings account where your savings can earn more in the way of interest. The difference in the amount that you earn in interest can be staggering in some cases with accounts that have larger deposits.
The easiest way to compare savings accounts in order to find the right one for your needs is to go online. You will find a choice of savings account to select from with something to suit most needs, and you can see at a glance which savings accounts offer the best interest rates. You can also compare other areas relating to savings accounts to ensure that you find the perfect account to suit your circumstances.
Related banking articles:
- Business Accounts - Commercial Banking Options
- Current Accounts - Compare Personal Current Account Offers
- Savings Accounts - Compare The Best Saving Accounts
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