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					Halifax

Amount=£2000     years=2
2000(1+6.17/100) power of 2 = £2254.41

I will get £254.41 interest from this savings account



                                                                   Gross   Net
Account           Customer                Balance            AER
                                                                   p.a.    p.a.
                                          Up to and          6.17% 6.00% 4.80%
                                          Including £2,500
Ultimate Reward
                  All customers
Current Account
                                          Balances over
                                          £2,500             0.10% 0.10% 0.08%
                                          Up to and          6.17% 6.00% 4.80%
                                          Including £2,500
                  Monthly credits
High Interest
                  totalling £1,000 or
Current Account
                  more
                                          Balances over
                                          £2,500             0.10% 0.10% 0.08%




Barclays
This is what I get out of a Barclays savings account


Day to Day Savings - what you get:



   Monthly interest (rate is variable).



   Convenience of being able to instantly transfer money between your Barclays
   current account and Day to Day Savings – in branch, by phone or online (if
   registered for Online Banking).



   An optional cash card for use at Barclays or Woolwich cash machines to withdraw up
   to £300 daily*.

   An account you can open with just £1, no maximum balance
These are the rates on the savings account

Day to Day Savings                           Compare to e-savings


Open from                                            £1

Maximum deposit                                      N/A

Interest rate                                        4.26% AER (4.18% gross pa)†

Access                                               Instant

Interest paid (frequency)                            Monthly

Account management
                                                     Branch, phone, cash card and online (if
                                                     registered for Online Banking)



2000(1+4.18/100) power of 2 = £2170.69
This savings account leaves me £170.69 interest

Nationwide

                                Interest      AER       AER*      Gross p.a.   Net p.a.
 Accounts for under 18s
                                  tier         %         %           %           %
Cash CTF
Cash savings fund open to                                                                 Apply in
children born on or after 1                                                               branch
September 2002              £1+             6.25      7.25       7.25          n/a

Effective                                                                                   View leaflet
from: 01/08/2007
We guarantee that the cash Child Trust Fund interest rate (AER including conditional bonus) will pay at
least 1.30% more than the Bank of England Base Rate until 1 January 2010.
Smart Account
Instant access savings                                                                    Apply in
account for 0-17 year olds.                                                               branch
If you are 11 or over you
                            £1+             6.04      n/a        5.95          4.76
can apply online.

Effective                                                                                   View leaflet
from: 01/08/2007
We guarantee that the Smart Account interest rate (AER) will pay at least 0.25% more than the Bank of
England Base Rate until 1

2000(1+6.25/100) power of 2 = £2257.81
This savings account leave me £257.81

Abbey

Up to 5.85% gross p.a./AER. We offer 1-year, 2-year and 3-year guaranteed fixed-rate bonds.
With interest rates of up to 5.85% gross p.a./AER, the choice is yours.
Interest rates


Fixed Rate Bond rates with interest paid annually


Term                       Tier                     Gross rate p.a./AER


1 year                     £1+                      5.65%

                           £50,000+                 5.85%




2 years                    £1+                      5.50%


3 years                    £1+                      5.35%

2000(1+5.50/100) power of 2 = £2226.05
This account leaves me with £226.05 interest

Lloyds TSB

These are all the facts on this savings account

Key features and Benefits


        Interest rates.
     Tiered interest up to 6.00% AER/Gross* on balances of £100,000 or more,
     including an introductory bonus - view interest rates.
        Bonus Interest.
     Receive a 1% AER** introductory bonus on all tiers for the first 12 months.
        Minimum balance.
     Start saving now with only £1.
        Access to funds.
     Instant access - the convenience of Internet banking or
     PhoneBank *** means you can access your savings when it suits you.
        Ability to deposit on a regular basis.
     Set up a standing order - saving regularly from your current account is the
     easy way to grow your savings.
        Additional features.
     Name your account to suit you, such as holiday, rainy day or simply
     savings.
        Peace of mind.
     The UK's number one internet bank† and with an AAA rating‡.
        Fees and charges.
     No fees or penalties to withdraw - transfer money instantly between your
     Internet Saver and Lloyds TSB Current Account.

2000(1+6.00/100) power of 2 = £2247.2
This account leaves me with £247.2 interest
Conclusion

I have chosen the nationwide savings account to use as it leaves me with the
most interest, is supported by the child trust fund and is for people under 18.
I also have chosen this account because the amount allowed to be saved is
very broad and flexible.

				
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posted:4/23/2012
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