Telephone Accounts - Short Term Savings
Our short term savings accounts cover everything from easy access accounts (that you can use on a regular basis) to accounts that offer a higher return (but may restrict access to your savings for up to a year e.g. our 1 Year Fixed Rate ISA and Direct 1 Year Fixed Rate Bond). To help you choose the right option, please think about what you want your money for and the access you might need.
| Telephone Easy Access Accounts | |||
|---|---|---|---|
| Direct Telephone Savings Account | Learn More | ||
| £1 minimum investment | Easy access with unlimited deposits and withdrawals permitted | Annual interest rate |
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| Interest rates effective from 01/05/2008 Note: Rate guaranteed to be at least 0.25% above the ING Direct Savings Account underlying variable rate until 01/01/10 | |||
| Easy Telephone Savings Account | Learn More | ||
| £1 minimum investment | Easy access with unlimited deposits and withdrawals permitted | Annual interest rate |
|
| Interest rates effective from 01/05/2008 Note: Rate guaranteed to be at least 0.50% above the Egg Savings Account (internet) underlying AER until 01/01/11 | |||
| Guaranteed Reward Account | Learn More | ||
| £1 minimum investment | Make up to 4 penalty free withdrawals in the first year | Annual interest rate |
|
| Interest rates effective from 18/04/2008
Note: Includes a bonus of 1.00% gross for 12 months. | |||
Gross is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.
*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advertisement for a savings product which quotes an interest rate will contain an AER, you will be able to compare more easily what return you can expect from your savings over time.
NET rates are illustrative only, allowing for the deduction of income tax at 20%.
Current and previous Bank of England interest rates can be found at www.bankofengland.co.uk/monetarypolicy/decisions.htm
Calls may be monitored and recorded for security and training purposes. 0845 numbers may not be available outside the UK. Calls from BT landlines will cost a maximum of 4p per minute plus a 6p call set-up fee. The price of calls from other telephone companies and from outside the UK will vary. The call price is correct as at today's date.
