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National Savings
and Investments
Direct
Saver
This no-notice savings
account from
National Savings and Investments is the
recommended alternative
to their existing Easy Access
Savings
Account which
is closing in 2012. If
you already have the Easy
Access account and wish to
transfer
your funds to the Direct Saver account
you
can download a transfer
form from their
site, fill it in and send it to them
in Glasgow.
This
National Savings and Investments account
can be managed by phone or
online.
It does not come with an ATM card and
cannot be accessed through a
Post
Office.
£1 is all that is required to open this instant access account,
with the maximum
investment
being £2M per individual.
Any UK resident
who is at least 16 can apply.
Variable
interest (currently 1.75% gross AER)
is paid on the account
which is
backed
by HM
Treasury and is therefore the most secure
'banking' institution
in the UK.
The
interest rate is better than that paid
on the soon to be closed
Easy Access
account.
In
total, this government backed organisation currently
offers
5 different types
of
investment
products to over 26 million customers
in the UK.
Return
to UK bank account,
prepaid credit cards or
business bank accounts
page.
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