Manchester BS has launched a new 60 notice account that leads the way in its market.
The Premier Issue Notice 16 is operated by post and in branch and pays a yearly rate of 2.91% on a minimum investment of £1K. The maximum investment is £50K. The rate includes a 0.90% bonus for 12 months, four withdrawals are allowed per calendar year and no earlier access is permitted. Additions are permitted until 10 December 2010 and money must be new to the institution. This is a welcome addition to Manchester BS's savings portfolio and the product should prove popular with investors. Careful budgeting will be required to limit withdrawals to four a year but this should encourage investors to save.
A safe bet, this account earns four out of five Moneyfacts stars.
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