Virtual banking customers who are on the lookout for a savings account that they can manage over the internet may be interested to know about the launch of a new savings vehicle.
The Instant Access Savings Account Reward from banking institution Bank of Scotland is set to launch on February 9th 2007 and offers a fixed annual equivalent rate of 5.75 per cent for the first 12 months.
This savings account can be opened over the internet and managed 24 hours a day via an online banking account.
Alternatively, the account can also be managed by telephone or by post.
The minimum balance that can be supported by the savings account is £5,000 and the maximum is £1 million - although only one withdrawal is permitted during the first year.
When the initial 12-month introductory period ends, the special savings account reverts to a standard Instant Access Savings Account, which has variable savings rates.
Alternatively, consumers who wish to begin saving money on a regular basis may wish to consider opening a regular savings account or an individual savings account.
These savings options are available from a range of banking institutions.
Online banking customers alerted to new savings account launch
Financial Services > e-banking > Banking news
Online banking customers alerted to new savings account launch
Thu, 08 Feb 2007
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