Winning savings accounts from Icesave August 28th, 2008

Make the most of your savings with an award winning, high interest savings account from Icesave. Icesave launched in Britain in October 2006 and now consistently features at the top of best buy tables in the national press and on price comparison websites. As recently as 26 July 2008 Icesave was commended for ‘Best Savings Account’ by the readers of What Investment magazine. This is for the second year running.

Icesave’s 200,000 strong customer base continues to grow not only thanks to its commitment to offering savers high interest rates, but also its straightforward online application process which means you can sign up for an account in under ten minutes. 

Icesave has a range of savings products that cater for all needs. Flexibility from an instant access account with a low minimum deposit, ideal for rainy day savings or to fund a specific event, such as a child going to University. A fixed rate savings account for those wanting a guaranteed return and a tax-efficient Cash ISA account.

The Easy Access savings account offers an interest rate of 6.30% and also comes with the guarantee that the interest rate will beat the Bank of England base rate by at least 0.35% until 1st May 2011 and at least match the base rate until 1st May 2013. There are no notice periods or withdrawal penalties and you can open an account with as little as £250. This account is ideal for regular savers and also those requiring a regular income as interest can be paid either monthly or annually.

Icesave’s fixed rate savings account with has a very attractive interest rate of up to 7.06%, depending on your chosen period of savings - 6 months or 1, 2 or 3 years. The interest rate is then fixed for your selected term. Again interest can be paid montly or annually, making it ideal for those looking for a guaranteed, regular income. This account has a minimum deposit is £1,000 and there can be no additions or withdrawals during the period, as is typical of such an account.

For those looking to build a tax-efficient nest egg, Icesave have a cash ISA which has a competive interest rate of 6.1%, for savers over 18 years old with a minimum £1,000 to invest. Current ISA rules stipulate a maximum investment of £3,600 in the 2008/09 tax year. The account also offers an interest rate guarantee which means the minimum rate payable will be 0.30% above the Bank of England base rate until January 2011. Surprisingly for an account with a guarantee there are no notice periods or early withdrawal penalties.

If you’re looking for a good home for your money then it is certainly worth checking out the savings accounts offered by Icesave, the online savings specialists that are part of Landsbanki, one of the largest quoted financial services companies in Iceland.