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.
Zurich Insurance has expanded the number of funds it offers to investors, aiming to give more options to better suit customer requirements.
Eighteen new Sterling Bonds have been introduced as well as 22 Sterling Mutual Funds. The combination of options now allows investors to choose from a much wider variety of asset families. Zurich Insurance customers will be able to structure a portfolio that best meets their needs and risk profile, meaning less compromise.
A Zurich Insurance spokesman said that these new multi-manager funds will be most appealing to investors looking for a diverse portfolio and seeking to rate their options on the underlying approach to risk.
According to a parenting and relationship specialist young people in England, Wales and Scotland should learn how to save money, in a step to help them learn the value of money.Helping children learn and understand how to save money themselves is a great way for them to learn. By letting them contribute to purchases made by the family for items such as toys or treats, it can demonstrate how to handle money and learn the responsibility that goes with it. In today’s society it is becoming more difficult to manage money as most purchases are made with a debt or credit card. But children need to see real money transactions being made and the importance of dealing in cash transactions.Savings accounts can be a great way for young people to learn about how to save their money. There are many types of savings accounts that children can open, so that they can experience how to save and how it all works. See our savings accounts comparison table for more information or our guides and tips pages.
