IceSave - A Great Bank for Our Friends in the UK
This blog is mostly focused on tax, savings, and business issues in the USA. But the internet is making the world smaller and I have many readers from around the world. So this post is for all of you in the UK.
You should know by now that I think that everyone needs to be saving for the future. Not just adults, but children also. One of the best things a parent can do, to get their children started right financially, is to open a savings account for them. You can save for your child’s college education, or just for their future needs, but it is important to start early and show your children the advantage of saving money. If saving money becomes a habit for your children that will be well on their way to financial success!
IceSave is an online bank, open to UK residents, that offers savings accounts that are safe, easy to use, and offer attractive interest rates.  I really like their Easy Access account. It has a low opening balance requirement, and a very attractive variable interest rate. Currently at 6.30% the interest rate is guaranteed to be over the Bank of England Base rate by at least 0.35% until 1 May 2011. After that, it is guaranteed no not be less than the Bank of England Base rate until 1 May 2013. And my favorite part of the deal? There are no fees. You can take your money out of the account at any time without any fees or penalties. I am always annoyed at banks that pay low interest rates, and then charge fees for every transaction.
Your money will be safe with IceSave. They were founded in Iceland in 1886 and have been in the UK since 2000. They have a strong credit rating and provide the same level of financial protection as every bank in the UK.
So if you are in the UK, get your kids started out right and open an account for them with IceSave.
September 05 2008 08:47 pm | Reviews and Saving and Investing and Uncategorized
September 24th, 2008 at 8:04 pm
That’s interesting. But do they have free checking and online bill pay?
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