Savings Accounts
There are two tables: the first table only shows accounts that meet our strict criteria:
- High interest rate - to maximise your return
- Instant or near-instant access - to pay credit card bill promptly.
- No penalty or limit for withdrawals
- The account can be managed by internet or phone.
- If a maximum holding amount exists, it is at least £30,000
- Introductory rates are ignored
- Minimum interest rate of 5.50% AER
The second shows accounts that have restrictions. e.g. the rate may be an introductory rate or there may be limitations on the withdrawals. The minimum interest rate in this table is 5.75% AER
| Company | Account | AER | Min | Max | Notes |
|---|---|---|---|---|---|
| Barnsley Building Society | Online Saver 2 | 2.50% | £1 | £1m |
 |
| Intelligent Finance | iSaver | 2.49% | £1 | £- |
|
| Melton Mowbray BS | Online Easy Save | 2.27% | £1k | £250k |
|
| Saffrron Building Society | eSaver 3 | 2.25% | £100 | £2m |
Replaces issue 2 and reduces rate from 2.65 16/9/10 |
| AKBank | Easy access | 2.25% | £1 | £- |
Phone only |
| Market Harborough BS | Onthedot Easy access | 2.20% | £1 | £150k |
|
| Yorkshire BS | Internet Saver | 2.10% | £1 | £1m |
|
| Skipton Building Society | Websaver 2 | 2.00% | £50 | £1m |
Rate guarantee at least 1.5% until 31/12/11 |
| State Bank of India | Instant access | 2.00% | £500 | £250k |
|
| Birmingham & Midshires | e-Saver (2) | 1.84% | £1 | £5m |
|
| Newcastle BS | Net 7 | 1.84% | £250 | £250k |
|
| Northern Rock | e-Saver 3 | 1.75% | £1 | £100k |
|
| Anglo Irish Bank | 7 day notice issue 3 | 1.75% | £500 | £- |
Not open to new customers |
| Birmingham & Midshires | Easy Internet Savings | 1.75% | £1 | £2m |
|
| Anglo Irish Bank | Easy Access 3 | 1.60% | £1 | £2m |
|
| Accounts which meet most criteria but have restrictions |
| Company | Account | AER | Min | Max | Notes / Restrictions |
|---|---|---|---|---|---|
| Post Office | Online Saver | 3.01% | £1m | £2m |
Bonus for 12 months |
| ING Direct | Direct Savings | 3.00% | £1 | £1m |
Fixed APR for 12 months. New cust only |
| The AA | Internet Saver 3 | 2.80% | £1 | £1m |
Interest must be paid into another account. Bonus 12 months |
| Santander | eSaver 4 | 2.75% | £1 | £2m |
Phone & branch. Bonus 12 months |
| Alliance & Leicester | eSaver Issue 2 | 2.75% | £1 | £2m |
Bonus for 12 months |
| Saga | Internet Saver | 2.75% | £1 | £1m |
Age 50 and over. Bonus for 12 months |
| Derbyshire BS | Online saver | 2.65% | £5k | £1m |
Bonus for 12 months, Only 2 withdrawals per year! |
| Scottish Widows | Internet Saver | 2.60% | £1 | £5m |
12 mnth bonus. Redyced frin 2.7 on 27/9/10 |
| Chelsea Building Society | eSaver Reward | 2.60% | £1 | £1m |
Withdrawals only free in April. Other months lose interest |
| Tesco | Internet Saver | 2.60% | £1 | £1m |
Bonus for 12 months |
| Bank of Scotland | Web Saver Extra | 2.60% | £1 | £9m |
Only 1 free withdrawal per year |
| Birmingham & Midshires | Telephone Extra 3 | 2.60% | £1 | £1m |
12 mnth bonus. Replaced Tel Extra-2 Sep/Oct 2010 |
| Sainsbury | Easy Saver | 2.60% | £1 | £100k |
12 month bonus. 5 withdrawals per year |
| West Bromwich BS | Websave Plus | 2.51% | £1k | £250k |
Only 1 free withdrawal per year |
| Halifax | Web Saver Extra | 2.50% | £1 | £9m |
Only 1 free withdrawal per year |
| Citibank (Egg) | Egg Savings 2 | 2.50% | £1 | £1m |
Bonus for 12 months. |
| LloydsTSB | eSavings | 2.50% | £10k | £- |
Bonus for 12 months |
| Principality BS | eSaver 3 | 2.40% | £1 | £1m |
Bonus for 12 months |
| Market Harborough BS | Onthedot 60+ | 2.35% | £1 | £150K |
For age 60 and above only |
| Ulster Bank | eSavings Plus | 1.24% | £10k | £100k |
Lose interest in withdrawal month. 2.48% from 15/10/10 |
| NatWest | e-Saver | 1.00% | £1 | £ - |
New acocunt Sept 2010 |
Table | Savings Accounts |
What about cash mini-ISAs?
A cash mini-ISA is a special savings account in which the Government allows you to save up to £3600 per annum without paying tax on the interest earned. This means that a Stoozer could use it for the first £3600 of their Stooz money in any one year, thus earning interest without tax.
However, once you have paid £3600 into the account, you can not pay any more into the account in the same tax year ... even if you have withdrawn the original money paid in, so only use an ISA for your Stooz Pot if you are not already planning to use one for your normal savings. Besides, most Stoozers would hope to be able to build a stooz pot well in excess of £3,600! ISAs sometimes have interest rates a little higher than normal savings accounts, but we have excluded them from our tables because of the low maximum investment.
If you think that we have missed any useful stoozing accounts, why not tell us in the forums. Click HERE For details on the current Bank of England Base Rates