Online bank is offering a new rate on its internet savings account, it has been revealed.
For a minimum deposit of just £1, people can earn an interest rate of 6.55 per cent on their savings .
The savings account includes a bonus of 1.8 per cent gross for the first 12 months of its life.
Anyone can gain access to the savings account as long as it is opened with "new money from a non-Egg bank account ".
Dean Proctor, head of savings and investments at Egg, said: "Opening an Egg savings account is simple and provides the added flexibility to pay in or withdraw whenever you like, without penalty."
After the first 12 months, the savings account will revert to the standard variable rate which currently stands at 4.75 per cent.
Yesterday, Kevin Mountford, head of banking at Moneysupermarket.com warned that savings rates could be set to fall and suggested people find a good fixed-rate deal now.
Egg offers new rate on internet savings account
Egg offers new rate on internet savings account
Tue, 14 Oct 2008
Recommended links
Find and compare savings accounts and ratesSavings enquiry form
Compare savings account providers
Introduction to savings accounts
Interest payments on savings accounts
Savings accounts introductory deals
Compare savings accounts
Compare current accounts
Advantages of internet banking
Society increases savings interest rates
Reduced savings accounts after long winter, reveals research
Financial services company warns of deadline for high interest savings account
Big balances get inferior interest, Investec says
Leeds & Holbeck savings bond offers competitive interest rate
Monthly savings interest option introduced
Savings provider calls for consistent interest rates
Sainsbury's proud of its internet savings account
New Abbey Isa claims to offer best interest rate
Interest rate warning for those saving money
Savings interest rates on downward trend
Savings accounts with passbook offer less interest
Euro savings account interest rate increased
A&L raises interest on Euro savings account
Interest rates bad news for borrowers and savers, expert warns
first direct launches online savings account, cuts savings interest rates
Bristol & West to relaunch savings account with better interest rates
Interest rates good for savings, expert claims
Norwich and Peterborough raises interest on savings accounts
Notice savings accounts "doesn't always offer best interest rates"
Savings interest rates dropping
Nationwide cuts savings interest rates
National Savings and Investments increases interest rates
Some savings interest rates still competitive, says expert
ALIL ups interest rates on savings account
Savings account offers 10% interest rate
Birmingham Midshires praised for internet savings
AA launches internet savings account
<% Randomize: ord=int(rnd*1000000000) %>
 %>?)
| savings news |
|---|
| Skipton Guernsey launches new savings rates - Wed, 07 Jan 2009 |
| Skipton BS launches new savings bonds - Mon, 05 Jan 2009 |
| People make savings resolutions - Fri, 02 Jan 2009 |
| More News |
