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A Premier account from Manchester BS

A Premier account from Manchester BS

Category: Savings

Updated: 29/01/2010
First Published: 25/01/2010

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
Manchester BS has launched the aptly named Premier Notice account that is likely to challenge for honours in the notice accounts market.

Issue 6 of the product is a 35 day notice, branch and postal operated account, paying a yearly rate of 3.31% on a minimum investment of £1K. Further additions are permitted until 19.2.10, although early access is prohibited.

Four withdrawals can be made per calendar year, while the maximum investment is £50K and money must be new to the institution.

Clients will need to be sure they can adhere to the withdrawal restrictions to gain a high return and the time limit for further additions should be noted to ensure excess funds can be invested in time.

Four out of five Moneyfacts stars have been awarded.

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