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Next Best to A&L Savings Account

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Paul_Varjak
Paul_Varjak Posts: 4,627 Forumite
Part of the Furniture 1,000 Posts Photogenic Combo Breaker
edited 7 April 2010 at 9:52PM in Savings & investments
No longer wish to disclose personal information

Comments

  • Kazza242
    Kazza242 Posts: 2,198 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    The next best accounts after A&L, in terms of interest rate and similar conditions are:

    Bradford & Bingley's E-Savings account
    Interest AER: 5.25%
    Min Investment/balance: £1,000
    Interest Paid: Yearly/31st July
    Withdrawals: Available on a penalty free basis and must be made via BACs transfer to a nominated bank account.
    Account Operated: Via the Internet
    ********************************

    Yorkshire Building Society's E-Saver account
    Interest AER: 5.20%
    Min Investment/balance: £250
    Interest Paid: Yearly/31st July
    Withdrawals: The e-Saver allows you to make withdrawals of any amount at any time. All withdrawals are subject to the requirement to maintain a minimum balance of £250. All withdrawals must be made to your nominated bank/building society account.
    Account Operated: Via the Internet
    ********************************

    Cahoot Savings account
    Interest AER: 5.10%
    Min Investment/balance: No minimum deposit
    Interest Paid: Monthly
    Withdrawals: There is no limit to the number of withdrawals permitted.
    Withdrawals can be made by transfers to another cahoot account or by BACS transfer to an external account.
    Account Operated: Via the Internet
    Please call me 'Kazza'.
  • newsmonkey
    newsmonkey Posts: 201 Forumite
    Many thanks Kazza242. Perhaps someone can also tell me if you can have more than one A&L online saver account?

    I'd very much doubt you can own more than one. Especially if they set a maximum limit on how much you can save, it seems that's there to cover them a bit and not expose themselves too much.
  • Pal
    Pal Posts: 2,076 Forumite
    The A&L T&Cs specifically exclude people from opening more than two accounts.
  • Chris2000
    Chris2000 Posts: 318 Forumite
    Part of the Furniture Combo Breaker
    Kazza242 wrote:
    Yorkshire Building Society's E-Saver account...

    All withdrawals must be made to your nominated bank/building society account.

    You can also have a Link card with this account.
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