Child saving plans

Apr 13 2006

Popular Online Saver at 4.60%

Investors with £100 to spare could try the popular Online Saver account from Leeds Building Society.

The web-based account offers a gross interest rate of 4.60 per cent per year and savers can put away up to £100,000, or for a couple with a joint account the maximum is £200,000.

Karen Wint, head of marketing and PR, said: "With a minimum operating balance of only £100 and unlimited access, without notice or penalty, a return of 4.60 per cent is very attractive.

"The account is also very easy to use and there is no requirement to open a current account, so the account is flexible, straightforward and offers excellent value."

Customers can access their account any time of the day or night online and withdrawals can also be made at any time by bank transfer without notice or loss of interest.

As with most accounts, interest is paid annually on September 30th and credited straight to the account.

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