The Rate Tart

Use TheRateTart comparison tables to find the right internet savings account for you. We've got all the information you need to compare and apply online. Tell me more about internet savings accounts.

Internet Savings Account can only be opened and managed via the internet. There are a variety of internet savings accounts, covering easy access, notice, bonds and ISAs. Because these account cost the banks less to operate the rates of interest on offer are frequently superior to the rates for equivalent types of offline accounts.

Online Account Security is a cause of concern for many customers. On the other hand this is a much bigger concern for the banks themselves. There are two reasons for this;

1. The bank rather than the customer is responsible for losses due to security failures that are caused by short-comings of the online banking hardware or software. The customer is responsible for taking common sense precautions to prevent their account from being accessed illegally. For example, never reveal your ID or password to anyone, don't walk away from your pc whilst logged in etc.
2. For many banks the online channel is an increasing source of business. Serious breaches in security damage reputations which in turn hits business. This means they have a strong incentive to keep their systems as secure as possible.

If you need more information to decide which savings account is the best for you, then check out TheRateTart Guide to Savings.

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