Scarborough Building Society is offering a new easy access savings account, with a "market leading" 5.5 per cent rate of interest.
The savings option offers the full rate of interest for balances in excess of £1,000 - while instant access is available to the funds with no notice or penalty.
Consumers looking to take advantage of the new savings option may wish to act quickly, however, as the account is available for a limited period of time.
Additionally, the savings account allows users to apply online and post a cheque for the initial deposit, while additional operation can be conducted via a postal and telephone service.
Tony Burdin, head of group marketing at Scarborough Building Society, said: "By giving customers this self-service option for opening a Click and Save account, we are minimising administration and, therefore, making the application process more convenient for customers."
He added that this cost-cutting enabled the society to transfer savings to the customer.
Scarborough offers a number of other savings accounts, including tax-free and children's savings options.
Easy access savings from Scarborough
Easy access savings from Scarborough
Thu, 21 Dec 2006
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