Product focus: 90 day notice accounts - Savings - News - Moneyfacts


Product focus: 90 day notice accounts

Product focus: 90 day notice accounts

Category: Savings

Updated: 28/01/2010
First Published: 11/11/2009

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
Some savers choose notice accounts to avoid the temptation of spending. Notice accounts often allow earlier access to cash, although savers will incur penalties such as loss of interest on the amount invested. The following accounts require a timescale of 90 days to access funds.

FirstSave – 90 Day Notice

This online account pays an annual rate of 3.25pc. The AER is guaranteed to be at least 0.25pc above bank base rate until 1st January 2010 or at least equal to bank base rate until 1st January 2012. A monthly interest option is also available at a lower rate of 3.20pc. Savers can invest between £100 (£5,000 for savers opting for monthly interest) and £2m. As the name suggests, 90 days' notice is required to access funds and although early access is allowed, it is subject to 90 days' loss of interest. Further additions are allowed and all withdrawals must be made via a nominated account. The account is available to savers aged 18 and over.

Stroud & Swindon Building Society – 50 Plus Notice

This product, available to savers aged 50 and over, pays a rate of 3.20pc including a bonus of 1.20pc until 30th June 2010. A monthly interest option is available at a lower rate of 3.15pc with a bonus of 1.17pc until 30th June 2010. Investments range from £1,000 and £500,000. Early access to funds is allowed, although this is subject to 90 days' loss of interest. The minimum withdrawal by post or telephone is £100. The account can also be operated in branch.

Secure Trust Bank - 90 Day Notice Issue 1

This account pays a quarterly rate of 3.00pc. Investments range from £1,000 and £1m. Earlier access is allowed subject to 90 days' loss of interest. Three capital withdrawals are permitted per year on 90 days' notice and also four interest withdrawals are allowed a year without penalty. The account can be operated in branch, by post or telephone by savers aged 18 and over.

Find the best savings account for you - compare savings accounts

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Best savings rates

Get a snapshot of the top best buy savings accounts, fixed rate bonds and cash ISAs to help you get more from your money.

Average five-year fixed bond rate falls below 2%

Long-term fixed rate bonds used to be the top solution for savers looking to get a decent return on their savings, but unfortunately, times have changed, with our latest data revealing that the average five-year rate has fallen to a new record low.

Savings rates plummet to fresh lows yet again

It’s becoming a recurring theme, and unfortunately, it’s showing no signs of stopping. Savings rates have plummeted to fresh lows once again as the impact of the base rate cut continues – and this month, product availability has followed.