Abbey National E Saver - The hottest savings account around?

In the personal finance community (a hip and buzzing place) there has been much talk of the new Abbey National E Saver account. As you can imagine, these guys don't get themselves worked up for no good reason so I thought I better have a look at the E Saver to see what all the fuss was about.

What you get

• A better rate of interest the bigger your savings. Take a look at the interest rate tables


• You get a bonus of 0.50% gross for the first 6 months after opening your account

How it works

• You can pay money in, take it out, move it around and check it right here online 24 hours a day. You can also save by regular standing order


• You can access your account using cash machines, handy when you want instant access to cash


• Your interest is paid once a year on 15th October or once a month on the 15th, and can go directly into your eSaver, or into another account - it's up to you


• When your account has been opened we'll send you a cash card and all your ebanking details within 14 days

How to get one

• You can open an account on your own, with a partner, or by power of attorney


• You need just £1 to get started


• New eSaver accounts are not available to anyone who already has an eSaver account, or has held one at any time in the last 12 months before making the new application