Scottish Widows raises Interest rates again
Scottish Widows wrote to us recently to advise of their new rates for Direct Transfer accounts:-
They will be increasing the interest rate on the Direct TransferAccount - this account is for personal savings and is instant access.
From Monday 1 June, our Direct Transfer Account will offer an increasedrate of 3.01% gross (2.51% AER) including a 1.00% bonus for 6 months.
After the 6 month bonus period the follow on rate will be 2.01%gross/AER. This standard rate applies to new and existing business.
Key features for our clients:
- Competitive interest rate of 3.01% gross for 6 months (2.51% AER)
- Standard rate 2.01% gross/AER (variable)
- Guarantee that our standard rate will never be lower than 0.25% below Bank of England Base Rate until 31/12/2012
- Minimum investment £1,000
- Quick and easy access to funds with telephone and internet banking
For Limited Companies The Business Funds Deposit Account, also a Direct Transfer Account currently pays:-
Up to £49,999 - 1.25% Gross - 1.25% AER
£50,000 and over - 1.5% Gross - 1.5% AER
Both these accounts have very competitive rates when you compare against Cater Allen Private Bank or at www.moneysupermarket.com .
You keep all your existing banking arrangements and there is only asimple form to complete to get the Direct Transfer Account set up.
If you would like an application form please contact us through the online service portal.