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From a standing start back in 1998, we've grown into the largest pure online bank. This success has come about through helping customers to understand and manage their money more effectively. Across our main areas - borrowing, saving and insurance - we offer value for money and great service.

 

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 There are many benefits of an Egg Savings Account, and we have highlighted just some of them below. Click on the list to the left to find out more. But if you have already decided that an Egg Savings Account is perfect for you, don't wait another minute, apply now.

 Egg Savings Account (Internet)  If interest rates are your main priority, then open a new Egg Savings Account (Internet) and get a very attractive rate of 2.50% gross pa/AER (includes 12 month variable bonus rate of 1.25% gross pa from the date the account is opened) on balances up to £100,000. No interest payable on balances over £100,000 during the first 12 months. The account will then move to our standard variable rate currently 1.25% gross pa/AER variable. The introductory rate is a limited offer for new accounts and only applies to new money into Egg that is not already held in an existing Egg Savings Account (Internet) or Egg Savings Account (Investor). 

 Interest payment choices  Interest is paid after the first 12 months, but you can choose to have interest paid back into your savings account or to another account you nominate. We can even arrange for your interest to be paid gross if you are a non-taxpayer.

 Account accessibility  It's your money so access it without prior notice or penalty. Get money to a nominated bank account, normally within three working days of your request. Check your balances online, it's so easy. As are deposits, of course. We offer you a variety of options for paying money into your account, the only difficulty is deciding which one suits you best. No withdrawals can be made in the first three working days after your account is opened.

Name your account  It's a bit of fun. Name your account by inspiration (Sports car), explanation (Get her to the church) or something that's easy to remember (Stan's stash).

 Apply now  Click here to apply online.

 More details

 

  The Egg Savings Account really is a nice little earner. See for yourself how it shapes up:

Egg Savings Account (Internet) - get 2.50% gross pa/AER variable (includes an introductory 12 month variable bonus rate of 1.25% gross pa from the date your account is opened) on balances up to £100,000. No interest payable on balances over £100,000 during the first 12 months.

 Then move to our standard variable rate; currently1.25% gross pa/AER (variable).

 No penalties for withdrawals.

 Easy access 24 hours a day, every day.

 It's easy to set up a regular deposit, then sit back and watch your savings grow.

 

 This is a limited offer for new accounts only, and for new money into Egg that is not already held within an existing Egg Savings Account (Internet) or Egg Savings Account (Investor).

 

See the Egg Savings Summary Box for more information on account features.

Minimum deposit £1, maximum deposit for first 12 months £100,000. Any balances above £100,000 will receive no interest on that portion of their money during the first 12 months. After the first 12 months there is no maximum. Interest paid annually. 

Gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law. In other words, the figure you see is the rate that will be used to work out the interest you'll be paid before income tax is taken off.

AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

So what's compounded interest? Each day you'll earn interest on whatever is in your account. So, come the next day and so on, you'll not only have earned interest on the original amount you deposited, but you also earn interest on the interest you earned previously.

As every advertisement for a savings product which quotes an interest rate will contain an AER, you will be able to compare more easily what return you can expect from your savings over time.

For important information about our product offers seelegal information.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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