Online Saver Account

KingKenny

http://www.askbm.co.uk/savings/i/deposit/onlinesaver/intro.asp

Any thoughts, good, bad, the queen?????

Serious savers are rewarded with a serious rate of 5.89% gross, 6.05% AER for not making a withdrawal. And online access lets you manage your account 24/7.
Benefits:

• Invest from as little as £1 up to £250,000.
• Access your account 24/7.
• No notice withdrawals.
• View full and mini statements.

Will my interest rate fall after 12 months?

No. This isn't a bonus account, but your rate is variable and may change if the Bank of England Base Rate rises or falls.

What happens to my interest when I make a withdrawal?

If you choose to make a withdrawal in any month you will not be paid any interest on the full account balance in that calendar month.



What happens to my interest when I close my account?

If you decide to close your Online Saver Account you will still receive your interest payment in the month you close your account.



When is my interest paid?

Your interest is paid on the last banking day of each month.

stiffnuts69

KingKenny wrote: »

http://www.askbm.co.uk/savings/i/deposit/onlinesaver/intro.asp

Any thoughts, good, bad, the queen?????

Serious savers are rewarded with a serious rate of 5.89% gross, 6.05% AER for not making a withdrawal. And online access lets you manage your account 24/7.
Benefits:

• Invest from as little as £1 up to £250,000.
• Access your account 24/7.
• No notice withdrawals.
• View full and mini statements.

Will my interest rate fall after 12 months?

No. This isn't a bonus account, but your rate is variable and may change if the Bank of England Base Rate rises or falls.

What happens to my interest when I make a withdrawal?

If you choose to make a withdrawal in any month you will not be paid any interest on the full account balance in that calendar month.



What happens to my interest when I close my account?

If you decide to close your Online Saver Account you will still receive your interest payment in the month you close your account.



When is my interest paid?

Your interest is paid on the last banking day of each month.

not bad but with all them conditions might as well go for A&L direct saver @ 6.10%