Oct 26 2007
A new online savings account that claims to offer both transparency and flexibility has been launched by Bradford & Bingley, it has been revealed.
The newly available account dubbed the eSavings5 can be opened with a deposit of £1,000 and could offer consumers the chance to put money aside to secure their own or their children's financial future.
In addition, the latest release from Bradford & Bingley offers a 6.2 per cent gross rate of interest on an annual basis and can be accessed without penalty charges at any time.
Paul Whitlock, head of savings at Bradford & Bingley, said: "In a competitive market, customers need to ensure they choose a product which offers them transparency and flexibility as well as a strong rate."
"Our new eSavings5 offers customers all of this and is perfect for savers wanting 'no notice' easy access to their savings," he added.
Savings accounts specifically designed to help parents create a financial nest egg for their children are also provided by Bradford & Bingley, as are individual savings accounts.
