In a world of increasing uncertainty, our new Online Easy Access Account offers enterprising savers a market leading interest rate, including an introductory bonus, whilst retaining flexibility. Customers don’t need to tie their funds up for a fixed term, can open the account with just £1 and can make withdrawals and additional deposits as required.
According to Moneyfacts the average rate on easy-access accounts is now just 0.15%. The Online Easy Access Account has a rate of 1.05% made up of a variable underlying rate of 0.60% and a fixed 12-month bonus of 0.45%, meaning Bank of Cyprus UK is offering one of the best rates whilst providing the convenience of easy access.
The Online Easy Access Account offers the flexibility to withdraw funds online, virtually instantly using faster payment into their linked nominated account, usually a customer’s current account. In addition, savers have the security of knowing that as a UK bank, deposits with Bank of Cyprus UK are protected by the Financial Services Compensation Scheme (FSCS), the UK’s deposit guarantee scheme.
Commenting on the launch, Richard Norman, Head of Savings, Bank of Cyprus UK said: “We are delighted to offer UK savers our new Online Easy Access Account, a highly competitive savings product providing savers with a flexible option for their savings.
Whilst it’s a tough environment for savers and the outlook is uncertain, enterprising savers can still find flexible and attractive products.”
For further information please contact:
Alex Rowbottom or Callum Junor