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Product focus: Internet savings accounts

Product focus: Internet savings accounts

Category: Savings

Updated: 13/04/2010
First Published: 13/04/2010

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

For savers on the go, internet operated accounts are a great way to keep on top of finances. Notice accounts require advance notice to withdraw funds, which could be anything from 30 to 120 days. Some providers allow early access to funds, although this is often subject to a penalty, such as loss of interest. Here are the current top three online notice savings accounts.

FirstSave – 90 Day Notice

This account pays 3.00pc on its anniversary. The AER is guaranteed to be 2.50pc above bank base rate. Savers can invest between £100 and £2m. As the name suggests, 90 days notice is required to access funds, although early access is allowed, subject to 90 days' loss of interest. All withdrawals must be made via a nominated account. Savers must be aged 18 and over to operate the account.

Newcastle Building Society – Reward Saver

The Reward Saver pays 3.00pc on its anniversary including a 1.00pc bonus for twelve months. Between £500 and £1m can be invested and 120 days notice must be given to access funds. Early access is allowed, subject to 120 days' loss of interest. The account can be operated by savers aged 18 and over in branch and by post, as well as online.

Market Harborough Building Society – onthedot 30 day notice

This account pays an annual rate of 2.55pc. Between £1 and £150,000 can be invested, with the initial deposit having to be made by cheque. Advance notice of 30 days must be given to access funds. Early access is allowed, subject to 30 days' loss of interest. Savers must be aged 16 and over to operate this online only account.

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 Any products featured may be withdrawn by their provider or changed at any time.

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