Those looking to make the most of their money during the recession could do so with one of the three e-savings account providers which have boosted their interest rates this week.
According to Moneyfacts, Barnsley Building Society has increased interest on its Online Saver account by 0.4 per cent to 2.5 per cent, while Intelligent Finance customers can take advantage of a 1.1 per cent boost to 2.85 per cent.
Principality Building Society has joined the savings account providers by adding 1.2 per cent on top of its previous e-Saver rate of 1.65 per cent.
Louis Kaszczak, head of Moneyfacts, said: "Online-based accounts are cheaper and easier to run for providers and this saving can be passed on through higher rates. The average rate is nearly twice as high for online-based accounts ."
A recent report released by high street bank Halifax found that nearly two-thirds of men preferred to use online savings account services, compared to less than half of women.
Internet savings see interest boost
Financial Services > e-banking > Banking news
Internet savings see interest boost
Tue, 16 Jun 2009
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