The Halifax has just announced that the Web Saver Extra savings account it offers will have an increased rate of interest, up now to 6.35 percent gross.
The increased rate offer is applicable to all customers be they new or existing ones and it is valid on balances as little as GBP1, the minimum amount needed to open the account, up to GBP100,000. Halifax Web Saver Extra account holders are able to manage their savings online and are allowed one withdrawal each year without affecting their interest payment. Any subsequent withdrawals will see thirty days loss of interest on the value of the withdrawal.
This particular Halifax savings account has been very popular with customers enjoying an excellent rate of interest, payment of which is made annually and added to the account.
A new Legal and General Portfolio bond will be available from 21 July, ideal for financial advisors to use when putting together an investment portfolio for their clients.
Three different charging options are available, a wide choice of funds as well there being no charge to swap between different funds. Legal and General have listened to the needs of financial advisors and come up with a portfolio bond that seems to deliver what they have asked for.
The different options provided by Legal and General also cater for different risk profiles along with the option to take regular withdrawals. All in all investors will find all their bases covered with this new bond offering.
Good advice comes from Sainsburys Bank as they advise consumers to look at the different savings accounts available and choosing the one that best suits their needs.
Sainsburys Bank looked at the top 50 savings accounts currently on the market, specifically the instant and easy access ones to see how they worked out for customers. A dozen of them restricted the number of withdrawals available, 4 of them had penalties for withdrawals and 9 were for specific age groups.
Considering these factors and understanding how well they fit into your existing lifestyle is key to getting the most out of savings accounts said Sainsburys Bank and they are correct.