New savings accounts offered by Egg

Thu, 25 Jun 2009

Online bank Egg is to launch two new savings options in the next week, both offering competitive levels of interest for customers to make the most of their money.

The Egg Bonus Savings Account, which is to be unveiled tomorrow (June 26th), provides a rate of 2.80 per cent gross with a bonus of 1.55 per cent for the first 12 months, requiring a deposit as little as £1 up to £1 million.

Also available from July 1st is the Egg Fixed-Rate Bond, with which deposits of £1,000 to £2 million can reap a 4.30 per cent annual equivalent rate of return.

The accounts are open to both new and existing customers.

Sharon Maguire, head of banking products at Egg, said: "During times of unprecedented low interest rates, customers need to have the peace of mind that their savings account is making their money stretch further."

Chesham Building Society recently withdrew a savings bond with a UK best rate of 3.95 per cent gross return due to level of demand for the package.
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