Scottish Widows is offering savers a new internet account with interest which includes a one per cent bonus in the first year.
The account, which pays a variable rate of 3.01 per cent for 12 months and 2.01 per cent thereafter, requires a minimum balance of £1 to open.
Mandy Webster, marketing manager for the bank, described the new product as a “strong online saving account”.
She added: “Customers benefit from a good interest rate on their savings as well as quick and easy online access.”
Customers can choose to receive interest on a monthly, quarterly or annual basis. Funds can also be withdrawn from the account without penalty and no notice is required to do so.
Ms Webster added: “Managing money is simple and straightforward as our Internet Saver Account also works alongside the customer’s existing current account.”
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