Icesave savings accounts
What Icesave savings accounts are there?
What is the difference between types of savings accounts?
What Icesave savings accounts are there?
Icesave offers a range of savings accounts. All Icesave savings accounts are opened and managed via the internet – and as such are referred to as online savings accounts. Our aim is to make our Icesave savings accounts transparent and simple whilst offering consistently high interest rates. Currently our range of high interest Icesave savings accounts includes:
Our Icesave savings account range is regularly reviewed and, in the future, it is our intention to introduce an even wider range of high interest savings accounts.
What is the difference between types of savings accounts?
There are a variety of different savings accounts available. The savings accounts vary because each is designed to meet a specific savings need. The most common types of savings accounts, for personal savers, are as follows:
No notice savings accounts: These are savings accounts that allow you access to your savings immediately, i.e. without the need to provide notice. The Icesave equivalent of this type of savings account is our Easy Access Savings Account.
Notice savings accounts: These are savings accounts that do not allow you access to your savings immediately, i.e. you must provide notice of your intention to withdraw funds. These types of savings accounts may be beneficial for individuals who do not need immediate or frequent access to their savings. Icesave does not currently offer this type of savings account.
Fixed Rate Bonds: These savings accounts, sometimes referred to as savings bonds, are designed for individuals who are able to save a lump sum for an agreed period of time (referred to as a term). These types of savings accounts give a fixed rate of interest, meaning savers don’t need to worry about their interest rate falling during the pre-agreed term of the savings account. The Icesave equivalent of this type of savings account is our Fixed Rate Savings Account.
Mini Cash ISAs: A Mini Cash ISA is very similar to a standard savings account except all interest paid is tax free and the government sets how much you may subscribe each tax year. The Icesave equivalent of this type of savings account is our Easy Access ISA
