Capital one savings

Consider whether online savings accounts suit you best. Some of the internet-based banks are offering instant access online savings accounts that have higher rates of interest than many notice accounts. The downside is that funds can only be paid in over the internet by transfer from another bank account. Likewise access to your savings is by transferring them to a traditional account such as a current bank account. If you are happy with this arrangement you may well find that an internet based accounts offers you the best deal. There is no reason why you should not have more than one of these accounts so that you can take advantage of varying interest rates. Often a headline interest rate is only for a specified period from opening

the account (say 6 months), and then it drops. When this happens it helps to have an account offering a better rate already set up with another provider. However you cannot transfer directly between these two accounts and you will have to make your transfer via your current account.
Transfers between accounts normally take 3-4 working days. If you make a transfer on a Wednesday, Thursday or Friday it can take up to 6 days in total. So try to make transfers on a Monday or Tuesday to reduce the effects of lost interest whilst the transfer is taking place. If you have a savings account with your current account banker transfers between these accounts can occur within 1 day.
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