Two new offshore savings accounts have been announced by Alliance and Leicester, called the eSaver Offshore Notice 50 and eSaver Offshore Issue 2.
The issue 2 Alliance and Leicester Offshore savings account replaces the original one and now pays interest at 6.25 percent gross p.a, variable. The Notice 50 savings account is better suited to those who can keep the money in place, or at least give good notice on withdrawals. This one offers a 6.35 percent interest rate on balances of GBP25,000 and over, again gross p.a.
An Alliance and Leicester spokesman explained that it was customer demand that had brought these new savings accounts to the market. They combine excellent interest rates with flexibility and so meet customer requirements very well.
The Nationwide Building Society has just launched a new range of investment bonds, with interest rates of up to 6.8 percent per year.
There are a couple of e-bonds, sold online only and only available to those who have, or are taking out, a Nationwide Building Society FlexAccount. A loyalty bond is also in the set of newly launched products, this on offer to customers of at least three years standing.
The savings director of the Nationwide Building Society felt that the rates being offered on these investment bonds were some of the best on the market and was expecting demand to be high.
A new savings account has been introduced by Saga Insurance that tracks five of the main savings accounts available online to ensure it is always competitive.
Called the Online Top 5 Tracker this new savings account follows the movements of the five top paying savings accounts based on the internet. The new Saga Insurance savings account offers instant access to money and no limit on the number of times customers access the account it is sure to be popular.
The way the tracker account works is by taking the average interest rate offered by the top 5 and then paying a level of interest that is within a quarter of a percent of that average. This ensures Saga Insurance savings account customers are always receiving a rate of interest that is competitive, no matter how the top 5 may change.
