The summer months can be an expensive time, especially with holidays, short-breaks and summer sales tempted us to dip into our funds to cover costs.
One way to curb this temptation, may be to open an account which requires advance notice to access cash. Notice periods range from seven up to one hundred and twenty days and penalties often apply to those accessing money early.
Here is a selection of the current best cash ISAs which require advance notice.
The Reward Saver account pays 2.75% on its anniversary including a bonus of 1.00% for twelve months. Savers can invest a minimum of £500. Advance notice of 120 days is required. Early access is allowed, subject to 120 days loss of interest. Transfers in are accepted. Savers can split funds across multiple ISAs within Newcastle's range. The account is available to savers aged 18 and over and can be operated in branch, by post, telephone or online.
This account pays 2.65% on its anniversary. A monthly interest option is also available at 2.62%. Savers can invest a minimum of £1,000. Thirty days notice is required to access funds, although early access is allowed subject to 30 days loss of interest. All withdrawals must be made via a nominated account. Transfers in are accepted. The account is available to savers aged 18 and over and can be operated by post, telephone and online.
This account pays an annual rate of 2.50%. A monthly interest option is also available at 2.25%. Savers can invest a minimum of just £1. As the name suggests 90 days notice is required to access funds. Early access is allowed, although this is subject to 90 days loss of interest. Transfers in are accepted. The account is available to savers aged 16 and over and can be operated in branch, by post or telephone.
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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 Any products featured may be withdrawn by their provider or changed at any time.
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