NS&I reveals Direct Saver account

Post Office issues new online saver account

Individuals may wish to consider putting a little money aside as the Post Office has unveiled a new product providing a 1.2 per cent bonus on top of the standard rate of 1.65 per cent for the first year.
Leeds Building Society offers online account with 3.5% rate

An online access account paying a rate of 2.05 per cent, plus a one per cent bonus until January 31st next year, has been made available by Leeds Building Society.

Tuesday, 09 March 2010 12:00

National Savings and Investments (NS&I) has unveiled its new Direct Saver account, which is available online and on the telephone.

The savings account pays a variable interest rate of two per cent AER, with customers able to invest from £1 to £2,000,000 per person.

Clients will be able to manage their account online 24 hours a day and by free phone between 07:00 GMT and midnight seven days a week.

The firm adds that it will continue to offer a wide range of its savings products through the Post Office, as many of its customers enjoy investing via this outlet.