Abbey - Esaver
September 28, 2008 by credit4everyone
Filed under savings
The eSaver Direct is designed to reward dedicated savers but you can access your money at anytime. However, a reduced rate of 2.75% AER will be paid on the full balance (up to £2,000,000) in the account for a month in which a withdrawal is made. So for example, if you make 1 withdrawal in the first 12 months (during the bonus period) your interest rate will be 6.19% gross p.a./AER (variable).
If you make 1 withdrawal (outside of the bonus period) then your rate will be 5.50% gross p.a./AER. If you plan to make regular withdrawals from your account, then consider if the Abbey Instant Access Saver may be a better account for you.