The last few years have seen the emergence of a new generation savings accounts that offer unprecedented flexibility and competitive interest rates to investors – online savings account products. What exactly are online savings accounts? Put simply, they are savings accounts with high interest rates that can only be managed online with no direct branch access. This saves the banks a lot of money in staffing costs and other overheads, so they can offer competitive interest rates and increased flexibility. In this article we focus on the chief benefits of online savings accounts. Flexibility Many standard high interest savings...
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