Many savers prefer to operate their finances online, as it allows them full control of their accounts at any time or place, particularly with the availability of the internet via mobile phones and laptops. The following accounts can all be operated online and require advance notice to access funds.
Bradford & Bingley – Notice Saver Online
This account pays a rate of 3.30pc including a variable bonus, currently at 2.80pc, for 12 months. A monthly interest option is also available at a lower rate of 3.25pc with a variable bonus, currently at 2.75pc for 12 months. Savers can invest between £1,000 and £2m. 60 days' notice is required to access cash. Early access is allowed, although this is subject to 60 days' loss of interest. All withdrawals must be made via BACS to a nominated account. Savers must be aged 16 and over to operate the account.
FirstSave – 90 Day Notice
This account pays a rate of 3.25pc. 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. A monthly interest option is available at 3.20pc. Investment amounts range from £100 to £2m for annual interest and between £5,000 and £2m for monthly interest. 90 days' notice must be given to access funds although early access is allowed, subject to 90 day's loss of interest. All withdrawals must be made via a nominated account. The account can be operated by savers aged 18 and over.
Newcastle Building Society – Reward Saver
The Reward Saver account pays a rate of 3.00pc with a bonus of 1.00pc for 12 months. A monthly interest option is available at 2.91pc, also with a bonus of 1.00pc for 12 months. Savers can invest between £500 and £1m, although for monthly interest the minimum deposit is £5,000. 120 days' notice must be given to access funds. Early access is allowed, although this is subject to 120 days' loss of interest. As well as being available online, the account can be operated in branch and by post by savers aged 18 and over.
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 Any products featured may be withdrawn by their provider or changed at any time.
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