Icelanders Offer 6.5% Online for UK Savers ; HIGHLY RATED; KEVIN MOUNTFORD WELCOMES THE OVERSEAS SAVINGS BANKS
Byline: JO THORNHILL
ICELANDIC-owned Kaupthing Edge, an online savings provider, has becomethe latest foreign bank to launch an account aimed at British savers.
It follows several new names into the savings market, including IcelandicIcesave, Nigerian-owned FirstSave, ICICI of India and Dutch-owned ING Direct.
Kaupthings instant-access savings account pays 6.5 per cent gross. It alsooffers a six-month fixed-rate bond at 6.8 per cent gross and a 12-monthfixed-rate bond at 6.86 per cent gross.
Savers must first open the instant-access account with a minimum of [pounds sterling]1,000before they can take advantage of Kaupthings fixed rates. The …
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Publication information: Article title: Icelanders Offer 6.5% Online for UK Savers ; HIGHLY RATED; KEVIN MOUNTFORD WELCOMES THE OVERSEAS SAVINGS BANKS. Contributors: Not available. Newspaper title: The Mail on Sunday (London, England). Publication date: February 3, 2008. Page number: 74. © 2009 Solo Syndication Limited. COPYRIGHT 2008 Gale Group.
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