Who owns egg savings

Egg, the online bank, is offering a new rate on its internet Egg Savings Account. This includes a variable bonus rate of 1. This new rate is available to new and existing customers for all new accounts opened with new money from a non-Egg bank account 1. The Egg Savings Account also provides customers with easy access to their money with no penalty or notice period for withdrawals.

After the 12 months variable bonus rate offer ends, the savings rate will move to the standard variable rate for the account at that time currently 4. Customers can find out more information and apply for an Egg Internet Savings Account by visiting www.

AER: All interest rates are variable but correct at time of going to print. The gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law. Yes, but in the long run you may have to move some money. The society says that developing the systems for the transfer will mean it can offer existing customers a better service online.

It says the money coming in through the savings book will enable it to increase mortgage lending. This article is more than 10 years old. Owner Citigroup to sell two divisions for an undisclosed sum , customer accounts will be transferred to the Yorkshire jobs put at risk.

Yorkshire building society has agreed a deal to buy internet bank Egg's savings and mortgage books. Will the way I bank change? Will my interest rate change? What about my mortgage rate? I'm a Yorkshire customer — what does this mean for me? Reuse this content. High yield savings accounts combine FDIC insurance, top interest rates, and quick access to your cash. This makes a high yield savings account ideal for emergency funds, down payments, and other big financial goals.

Here are the most important details you should know about high yield savings accounts. A high yield savings account is a bank savings account that gives you more interest than the typical savings account.

At the time of this writing, the average savings account interest rate is 0. Some of the biggest traditional banks in the US pay as little as 0. You can do a lot better for your money with a high yield savings account.

Many of the top high yield savings accounts online pay over 1. For larger balances and longer periods of time, the interest rate has an even bigger impact on your total interest.

In February , the best interest rates for high yield savings were around 1. That means you can earn times more than at a traditional bank if you switch to a high yield savings account. High yield savings accounts are insured bank savings accounts ideal for a range of purposes. From young children putting birthday money in the bank to adults saving for an upcoming vacation, there are limitless uses for high yield savings.

These accounts have specific rules, however, that make them different from a checking account. To earn interest, you just have to deposit your cash and leave it there. Banks may choose to calculate interest daily or monthly.