Principality has increased savings rates on its instant access e-Saver account from 1.65% to 2.85% .
This is a very significant change and is likely to cause similar reactions from competitors which is great news for savers. There are terms and conditions that apply and this rate only applies for a year after opening the account (as with most accounts).
Before Principality announced the increase, ING was at the top of the table, offering one of the best rates available at 2.75% on its ING Direct Savings Account, with the Sainsbury’s Internet Saver close behind at 2.60%.
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