Savers who find it hard to resist spending their cash, for example on high street bargains, may be best suited to accounts that require advance notice to access funds. With Christmas and the sales season just around the corner, accounts requiring at least 90 day's notice may appeal to savers looking for a deal designed to help curb their spending during this period. The following top three accounts require 90 days notice.
FirstSave – 90 Day Notice
This account pays a rate of 3.25pc. A monthly interest option is available at 3.20pc. For both options, the AER is guaranteed to be at least 0.25pc above bank base rate until 1st January 2010 and at least equal to bank base rate until 1st January 2012. Investments range from £100 (£5,000 for monthly interest option) to £2m. Savers must give 90 days notice to access funds. 90 days notice is required to access funds. Early access is allowed, although this is subject to 90 days loss of interest. Further additions are allowed via a nominated account. The account can be operated online by savers aged 18 and over.
Stroud & Swindon Building Society – 50 Plus Notice
Stroud & Swindon's account available for 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 also available at 3.15pc with a bonus of 1.17pc until 30th June 2010. Savers can invest between £1,000 and £500,000. 90 days notice is required and although early access is allowed, it is subject to 90 days loss of interest. Minimum withdrawal by post or telephone is £100, however the account can also be operated in branch.
Chelsea Building Society – Bonus 90
Chelsea Building Society's Bonus 90 account pays a rate of 3.00pc including a bonus of 1.00pc for 12 months. A monthly interest options is available at a lower rate of 2.96pc and also includes a bonus of 1.00pc for 12 months. Investments range from £1 to £500,000. 90 days notice is required to access cash. Early access is allowed, although is subject to 90 days loss of interest. After one year, withdrawals become instant access and penalty free. The account can be operated by savers aged 16 and over, in branch and by post.
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 Any products featured may be withdrawn by their provider or changed at any time.
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