Savings accounts have become less popular in recent times as more people – particularly the younger generation – seem willing to spend, spend, spend, and live for the moment. But although there is now a greater range of ways to cope with debt, putting money away for a rainy day is still the best way to ensure some security as we grow older.
In recent years Britain's debt mountain has spiralled out of all proportion, with the combined amount owed by British consumers now over £1 trillion. At the same time, various consumer investigations have shown that large numbers of people would find themselves out of money within just a few months if they lost their source of income. Together with the uncertainty surrounding the pensions system, it seems that the UK's consumers have never needed a savings plan more than they do today.
| Account | AER | Account Access | ||
|---|---|---|---|---|
![]() | Icesave Fixed Rate Savings Accounts | 6.50% - 7.01% | Internet | ![]() ![]() |
![]() | Kaupthing Edge Savings Account | 6.50% | Internet | ![]() ![]() |
![]() | Alliance and Leicester eSaver | 6.15% - 6.50% | Internet | ![]() ![]() |
![]() | Icesave Savings Account | 6.05% | Internet | ![]() ![]() |
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