Searching for the best savings accounts with high interest rates

Finding the best savings accounts with high interest rates will help you get a good return on your money. Some of the best rates are available on online accounts or to existing customers. It is best to compare accounts so that you can get the best interest rate for your deposit. Different savings accounts are available.

Nationwide have a MySave Online Plus account that pays monthly interest. You are allowed one free withdrawal per annum. You need to keep a minimum £1,000 and a maximum of £3 million in the account.

The Post Office has an online saver account that offers unlimited and free withdrawals. You can get your interest monthly or yearly. You can begin saving with as little as £1.

Another Internet savings account is available from the Principality Building Account. You can open with as little as £1, too.

Other savings accounts are only available for existing customers. Nationwide offer their customers an online Individual Savings Account if you have a Nationwide Flex Account. You will receive your interest annually. As it is a cash ISA, you are limited to save up to £5,100 as part of your annual allowance.

If you are not a UK resident, you can save in an offshore savings account with Lloyds TSB International. You do have to invest a minimum of £10,000 though, to benefit from a high interest rate.

All these accounts are good if you want to save your money for a short to medium term period. The investments are low risk as they are not connected to stocks or shares.

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