Capital One - Base Beater

Review:
This savings account is designed to shadow the Bank of England base lending rate until 2010. One of the problems in the past has been you open what appears to be a completive priced account but find over time the rate is no longer attractive and the brand you opened with is now promoting other better priced accounts. With the Base Beater you know just what to expect over the coming years as it will not fall below the base rate.

Along with the headline offer you get the usual capital One account benefits of full online management 24/7, customized statements and access to all your capital One accounts from the one control centre.
There is no requirement for starting with a significant sum and you can open an account with as little as £1.

This account has the additional benefit of a choice of monthly or annual interest rate. You can have the interest paid into this account or any of your other accounts with unlimited access toy your money. You also have the online facility to link three other accounts with the Base Beater. Meaning its easy to transfer money between any of the accounts.