Switching current accounts has now got a lot easier you can manage your accounts using the internet and get highly competitive savings rates by investing as little as a £1.
The table below provides some of the most competitive %AER's with information to help your decision on opening the right savings account for you.
Company
Package Name
Interest Rate (AER %)
Online Access
Minimum Balance
Overdraft Rate
Monthly Cost
Benefits
Premier Direct Current Account
8.50%
£500 a month
0% for 12 months
£0
8.5% for 12 months
Current Account Plus
2.50%
16.1%
£12.95
£6.95 for first 6 months
Cooperative Current Account
1.24%
£20 per day
£0
We promise not to make any financial errors on your statements.
Premier Current Account
1.00%
0% Overdraft for 12 months
£0
earn 12.00 gross p.a./AER with a linked Premier Regular Saver
Current Account
0.01%
18.8%
£0
Green Option with online management
One Banking Account
0%
£0
N/A
£12.50
No Credit Checks - Ideal for people with adverse credit history
Explanation of table:
Package Name - banks often have many different savings products. This is the name of the savings account.
AER % - this is the Annual Equivalent Rate. This represents the % annual return on your savings deposits.
Notice Period - The number of days notice you have to provide the bank to get your money without losing interest or incurring penalty charges.
Minimum Balance - The minimum amount required to open and maintain a savings amount.
Interest Paid - This indicates when interest is earned on the balance of the account. If interest is earned on a daily basis, this will maximise the amount of interest that you will earn.
Internet / Phone Banking - Can you manage your account online or via a call centre. Many savings accounts with the most competitive rates may require you manage your account in writing
