Capital One Bonus Saver Account
If you're looking for a high interest home for your money then the Bonus Saver from Capital One is worth at least a passing glance. Offering a first year rate of 6.05% AER, you won't find all that many accounts offering higher.
What's more, there are no access restrictions at all - you can withdraw funds as often as you wish without having to pay a penalty or forfeit interest, which isn't often the case with accounts featuring interest at this kind of rate.
After 12 months, the extra bonus interest of 0.8% will end, and so the standard AER will fall accordingly, but the attractive bonus rate of the first twelve months is well worth having, especially if you have a decent amount of money to invest.
Interest is paid annually as standard, although you can choose monthly payments if you wish, albeit at a slightly lower rate.
The minimum you can invest is £500 while you can really take advantage of the earnings potential by investing up to £1,000,000 as your funds allow.
The accounts are operated completely online, with 24 hour access and a full range of features to let you manage your money easily, quickly, and safely.
To sum up: although you may find a few accounts out there offering a higher headline rate of interest earnings, many of these impose restrictions on how often you can access your money - something that Capital One doesn't do. The only drawback is that you may end up looking for another account in 12 months time when the bonus rate ends - but in the meantime, your money will certainly be working hard for you!
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Capital One Bonus Saver : Summary
| Account: | Capital One Bonus Saver |
| AER: | 6.05% |
| Interest Paid: | Annually |
| Minimum Investment: | £500 |
| Maximum Investment: | £1,000,000 |
| Comments: | Includes a 12 month bonus rate |
