Egg, best known for their Egg card, has just announced a new interest rate on their savings account of 6.05 percent gross.
Requiring a minimum deposit of just GBP1 and open to both existing and new customers the Egg card savings account is expected to be very popular. It also allows free access to the money held, with no penalties or notice periods needed. After the first 12 months at the introductory rate the account reverts back to the standard variable rate, currently 4.75 percent gross.
An Egg card spokesman, discussing the savings account, said that the introductory interest rate is one of the best available for easy access accounts and, with the rate guaranteed for 12 months offers an excellent vehicle for savers.
A recent Legal and General survey has shown that the Welsh are the most likely to have money left at the end of the month after covering bills and essential payments.
Two thirds of people in Wales had money left over, compared with a national average of 53 percent and a surprising 43 percent in London. These findings really turn the general understanding of where the money is on its head. Although the cost of living in London is high it has always been thought that wages covered this difference with some to spare, but perhaps not.
A Legal and General spokesman felt the findings should prompt consumers to start putting some money aside into a savings account or something similar. Having disposable income does not mean it has to be spent straight away, saving some can make a massive difference to the future.
A new Abbey National fixed rate investment bond has just been launched onto the market for a limited time only so investors should act promptly.
For sums of less than GBP30,000 the Abbey National one year bond will pay a rate of 6.3 percent, while those with GBP30k to GBP2 million will receive a fixed rate of 6.5 percent. Interested investors have until 10 June to get their money into this excellent new opportunity, with the minimum amount needed being just GBP1,000.
A spokesman from Abbey National explained that fixed rate bonds are more popular than ever and that this particular one delivers one of the very best interest rates available on the high street.
