The Nationwide Building Society is readying itself for the provision of savings products to customers in the Republic of Ireland.
As long as the proposal is approved by both the FSA and the Irish equivalent then the Nationwide Building Society will begin selling savings products to Irish customers by telephone, online and through the post. The move is being seen as a good strategic option for the Nationwide as it expands their geographic coverage and increases the funding options.
Industry commentators have said that the Nationwide Building Society is already in a strong financial position so this step into Eire is set to improve that position still further.
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.
The Alliance and Leicester has extended the offer period on its 9 percent gross interest paying fixed rate savings account to give more customers the opportunity to benefit.
The one year deal is open to Alliance and Leicester customers who invest in the Balanced Savings and Investment Plan, which brings together the savings account already mentioned and an investment bond. The bond is designed to offer good returns over the medium term, typically around 5 years, while the savings account gives customers a great benefit in the short term.
Investment bonds have grown in popularity recently as investors look for safe homes for their money where growth can still be achieved and this Alliance and Leicester offer which combines the high interest savings account delivers all that and more.
