An online savings account has been launched by Skipton Building Society, offering customers competitive interest rates.
The Online Bonus Saver comes with a rewarding rate of 3.08 per cent variable, including 1.55 per cent 12-month bonus. Customers can also benefit from easy access to unlimited withdrawals, while deposits can be made by debit card, internal transfer, cheque or standing order.
Savers should be aware, however, that the interest rate reverts to 1.5 per cent after 12 months, so it is worth keeping an eye on your cash.
Kris Brewster, Skipton's head of products, commented: “As a mutual, Skipton is committed to encouraging people to save and manage their money responsibly, making it as simple and rewarding for them to do so as possible.
“The launch of the new Online Bonus Saver account will further enhance our already impressive product range, which offers innovative options to suit a range of needs, and straightforward long term good value combined with regular special offers.”
A minimum amount of £1,000 is required to open the account but subsequent deposits need only be a minimum of £1. Meanwhile, customers can save as much as £1,000,000 in the account should they wish.
