Sm Plus: Money: Don't Take It Easy in Search for Top Rates

Summary

---

NEARLY three million savers with National Savings and Investments Ordinary Accounts will be sent letters over the next few months telling them their accounts are to be scrapped.

The Government-backed group has admitted that the Ordinary Account is old-fashioned, offers only limited access with modest returns, and must be replaced. At present it pays a paltry 0.25 per cent gross interest on balances under pounds 500 and 0.35 per cent on balances over pounds 500.

See the full content of this document

Extract

---

Sm Plus: Money: Don't Take It Easy in Search for Top Rates

A new account, called the Easy Access Savings Account, is being launched this Thursday and 2.9 million Ordinary Account customers will be invited to t...

See the full content of this document

---