If you've got over £50,000 and want instant access to it then BM Savings are offering an instant access savings account with the best interest rate of 3.2%, however if you haven't got £50,000 to put away Nationwide's MySave Online plus gives you 3.12%: MySave Online Plus Easy Access Notice Savings Account | Nationwide but only 1 withdrawal, and Santander's Easy Access offers 3.1% with a minimum of £1 and unlimited transactions: Instant Access Savings: Santander Now more about the BM Savings account:
Online extra (issue 1) (yearly interest)
Online extra (issue 1) (yearly interest) | BM Savings
Interest rate: 3.2% on balances over £50,000. 3% from 20,000 to £49,999.
Minimum balance to get best interest: £50,000
Benefits and features
- Save from £1000- up to £1 million. If balances subsequently fall below the minimum opening balance, interest will continue to be paid at 2.60% gross / AER (variable) including the fixed 12 month bonus of 2.10%
- Tiered rates of variable interest - the more you save the more interest you earn. Interest rates will apply to the whole balance
- Bonus Interest - the balances include a 12 month fixed bonus of: Up to £19,999 - 2.10%, £20,000 to £49,999 - 2.50% and £50,000+ - 2.70%
- Manage your account online - when it suits you
- No withdrawal charges - unlimited transactions with no loss of interest
- Straightforward account information - with full and mini-statements
- Safe online banking - with secure password protection
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Accounts that give decent interest rates for sums less than £50,000:
Nationwide's MySave Online gives you 3.12%: MySave Online Plus Easy Access Notice Savings Account | Nationwide but you can only make 1 penalty free withdrawal per year.
Interest rate: 3.12%
minimum balance to get best interest rate: £1,000
Santander's Easy Access offers 3.1% with a minimum of £1 and unlimited transactions: Instant Access Savings: Santander
Interest rate: 3.1
minimum balance to get best interest rate: £1
Best Deal: Odeon Cinema tickets from as little as £5, UK deal: Cheap Cinema
BM Savings are still offering the best interest rate, but remember you have to have over £50,000 to get the interest rate of 3.2%. Nationwide are still offering 3.12% for their My Save Online Plus, however you can only withdraw once per year without penalty. Santander's eSaver Issue 4 is offering 3.1% unlimited transactions.
Best Deal: Odeon Cinema tickets from as little as £5, UK deal: Cheap Cinema
BM Savings are still offering the highest interest rate for those with sums over £50,000, Nationwide are offering 3.12% and Santander are still offering 3.1%
Best Deal: Odeon Cinema tickets from as little as £5, UK deal: Cheap Cinema
BM Savings are still offering 3.2% on amounts over £50,000 and Nationwide are offering 3.12% for only 1 withdrawal a year on amounts over £1,000.
I noticed this on West Broms website, however it says it's an exclusive to: You're So MoneySupermarket so maybe worth a look to get an interest rate of 3.13% on balances over £10,000 however it only offers 4 free withdrawals a year!
Features of the 'Direct Bonus Account 3'
Features of the 'Direct Bonus Account 3'
Exclusive to moneysupermarket.com
3.13% Gross p.a. AER Variable includes a fixed 1.38% Gross p.a. bonus until 28th February 2013
This account is only suitable for those aged 16 years and over
Four withdrawals per account year. Further withdrawals will result in a charge
Minimum opening balance is £10,000; the minimum operating balance is £1; maximum investment is £100,000.
Only one account is permitted per customer (single or joint).
N.B. If you would like to have annual interest credited to your Direct Bonus 3 Account please tick the option beneath the specific terms on your printed application form.
To apply for this product, please click the 'Apply by post' button. The first part of the application is completed online, following which you will need to send us the completed form by post.
Please make sure you have a printer available to complete and return the application to us
N.B. You cannot transfer funds directly from a WeBSave account to this account. Please refer to our FAQ's here for more information
Payment of interest is available annually (paid to this account or a nominated bank or building society account) or monthly (paid to a nominated bank or building society account only). Interest paid to a nominated bank or building society account, and withdrawals, must be paid into an account in the same name(s) of the account holder(s). You must supply account details for the nominated bank account, or supply details of an alternative West Brom account (you cannot transfer interest or withdrawals to any WeBSave account).
Minimum Investment
£10000
Product Type
Direct Accounts
Interest paid
Please refer to last feature in the bullet above for information regarding interest payments
Best Deal: Odeon Cinema tickets from as little as £5, UK deal: Cheap Cinema
BM Savings are still offering the highest interest rate.
Nationwide are offer 3.12% - 1 withdrawal per year.
Santander offer 3.1% - unlimited withdrawals.
Best Deal: Odeon Cinema tickets from as little as £5, UK deal: Cheap Cinema
BM Savings are still offering the highest interest rate.
Santander offer 3.1% - unlimited withdrawals.
However Nationwide have dropped their offer to 3.02% - 1 withdrawal per year.
Best Deal: Odeon Cinema tickets from as little as £5, UK deal: Cheap Cinema
3.2% is still the highest interest rate for an instant access cash savings account.
Santander are offering 3.1% for balances of £1 or more.
Best Deal: Odeon Cinema tickets from as little as £5, UK deal: Cheap Cinema
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