UK's total energy consumption used by the domestic sector has risen by 23pc in the past 35 years.
Source: Daily Telegraph (www.telegraph.co.uk)
There are now savings accounts that you can open and administer entirely over the internet. They enable institutions to save on processing and staff time, so they are able to offer better rates of interest on these accounts. The same level of account that you obtain in a branch of the same bank may give a lower rate of interest than the online version.
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Internet access is the preferred method of managing finances for many people these days, giving them the freedom to manage their money whenever and wherever they want. An internet savings account can blend very well with an online lifestyle.
Security of online transactions is one area where some customers still have concerns, but the major banks have invested heavily in making sure that online systems are as secure as possible. The internet is a big part of the future for banking and they cannot afford to build insecure systems.
The choice of internet savings accounts is vast and the rules of thumb still apply. You need to balance the access level that you will get against the rate of interest that you will receive. High introductory rates do not always last, so make sure that the real rate of return over years is suited to you.
Not having a branch for an internet account means that access to actual cash is usually through an ATM or through your current account.