Saving Accounts - Compare
| SAVING ACCOUNT | Best Buy Table
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Gross p.a./AER |
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Only children born on or after 1 September 2002 are eligible
All payments are a gift to the child and can't be reclaimed by the payer
The money can only be paid out to the child and is locked in until they are 18
Tax-efficient growth
You, your family and friends will be able to contribute up to £1,200 a year into the account between you.
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Earn 6.00% gross p.a./AER ( 6.00% fixed for one year up to £2500
Get an exclusive linked PlusSaver paying up to 1.00% gross each year /AER
Pay in your main income to your Premier Current Account (minimum £500 per month)
Free European annual multi-trip travel insurance currently worth up to £60
0% EAR typical overdraft.
Maximum overdraft is £2,500
Switching Service to move from your existing bank
Alliance & Leicester MoneyBack Rewards Credit Card
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0.25% above the UK base rate on the first year
0.20% below the UK base rate the following year
Internet banking
Minimum balance: £25,000
Maximum balance: £1,000,000
Up to 4 withdrawals per year without giving notice or losing interest
Interest paid annually
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Return of up to 3.20% AER
Fixed rate whatever happens with the Central Banks
Choose from a range of terms: 6 months, 1 year, 2 or 3 years
Interest paid annually or on maturity
Internet banking
Minimum balance: £10,000
Maximum balance: £1,000,000
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Earn a monthly income from your savings
Enjoy the flexibility of one withdrawal of up to £5,000 per month, without notice or loss of interest.
Minimum balance of £25,000
Choose the date you get your monthly interest paid
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Internet banking
Telephone banking
FREE unlimited withdrawals
Minimum balance : £5,000
Interest paid monthly OR annually
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Earn 3.15% AER (variable)
Minimum £1
Interest paid annually
No withdrawal charges
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Earn 0.75% AER (variable)
Interest paid monthly
Minimum £1
Internet Banking
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Earn up to 1.10% AER (variable)
6 free withdrawals per year
Rate never more than 1% below the Bank of England Base Rate for the life of the account.
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Minimum £5
Maximum £1200 per year
Stakeholder Child Trust Fund with stock market growth potential
The engage Child Trust Fund account meets all of the Government’s Stakeholder CTF requirements.%
Up to £25 FREE Boots voucher
1.5% Management Fee
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Savings accounts are accounts maintained by commercial banks, savings and loan associations, credit unions, and mutual savings banks that pay interest but can not be used directly as money (by, for example,writing a cheque).These accounts let customers set aside a portion of their liquid assets that could be used to make purchases while earning a monetary return.
HIGH INTEREST DOES NOT MEAN BEST ACCOUNT:
- Check if you can withdraw your money at anytime
- Check the maximum/ minimum saving amount allowed per account
- Check when the interests are paid: Monthly, Yearly
- Check the rate per annum
AER stands for annual equivalent rate and illustrates the interest rate if it was paid and compounded once each year.
Gross per annum is the annualised rate before deduction of tax at standard rate.
Net per annum is the annualised rate after deduction of tax at standard rate (currently 20%).
