Compare the best banks for the best interest rates

July 29th, 2009 by admin | Filed under Business Acounts, Daily News, Savings Accounts, UK Bank Accounts, UK Banks.

banking It wasn’t that long ago that if you went to your bank of building society looking to earn some interest on your deposit account, all you would get was a blank expression. A sign that things are getting better in the UK economy in general and banks and building societies in particular is that there are some fairly generous interest rates around if you are prepared to shop around online.

For example if you access Abbey National Building Society, online or even better through the http://www.bank–accounts.co.uk/ web site you will be able to discover that currently Abbey are offering interest rates on deposits starting at an annual rate of 2.5%. They can even get as high as 4.15% if you are prepared to close off some of your capital for two years.

Alliance and Leicester is another bank worth checking out for your online savings account. They are offering a fixed rate of 3.15% annually with no withdrawal restrictions. If you want to set aside a sum of up to £2,500 pounds Alliance and Leicester are currently paying out 6% annually.

Halifax International, a member of the HBOS group, have also been sharpening their pencil of late, and have come up with a 4% annual rate for online deposits of up to £24,000 as long as they do not exceed £2,000 monthly.

Banking online has never been easier, and the chances are that as the economy continues its recovery, the banks will continue to offer as generous rates as they can. After all it’s your money that will help to fire the UK economy, and you can deposit your savings and earn reasonable interest rates with total confidence. Nowadays it has never been easier to transfer money from account to account so it is time well spent to check out where the best interest rates can be found. Always begin your search by clicking on http://www.bank–accounts.co.uk/ to discover the best online interest rates.