Equiniti 2.7% savings account introduced from Newcastle
A new easy-access savings account has been launched, designed specifically for those with extra cash they want to invest and grow, from Equiniti.
The account comes with a competitive interest rate of 2.70% gross/AER variable, guaranteed to pay no less than one per cent below the Bank of England base rate on the whole balance for the first two years.
This also includes a 0.95 per cent bonus for the first 12 months from the date the account is opened.
The minimum deposit for an account is just £1, with a maximum limit of £2,000,000, without reducing interest rates.
Unlimited withdrawals are also permitted without notice or penalty or affecting the rate of interest. Interest is paid to the account annually.
This account is provided and operated by Newcastle Building Society.
A spokesperson said: "With the Equiniti Savings Account you can put share sale proceeds, employee plan proceeds and any other money straight into an account that will earn a competitive interest rate."
The Equiniti savings account, introduced in January 2009, can be operated securely online or by telephone.
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