Egg's new savings account offer

Wed, 14 May 2008

Anyone who is looking for a new savings account might want to take advantage of the latest offer from Egg . The firm is offering a fixed one-year introductory rate of 6.05 per cent on its Egg Savings Account (Internet).

Commenting on the move, Tobias Van Meer, head of savings and investment at Egg, said; "Our new fixed introductory rate is one of the highest of any easy access accounts available in the UK today and it gives customers a guaranteed rate for the next 12 months."

After the introductory period the interest rate on the savings account will revert to the firm's standard variable rate, which currently stands at 4.75 per cent, he added.

People will also be able to deposit up to £2 million and withdraw as much as they like as often as they want without penalty, he concluded.

Yesterday, National Savings and Investments announced it has launched a website aimed at helping people understand complex financial matters.
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