Product focus: Monthly interest accounts - Savings - News - Moneyfacts

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Product focus: Monthly interest accounts

Product focus: Monthly interest accounts

Category: Savings

Updated: 27/03/2012
First Published: 23/03/2012

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 It is now over 6 months old so the content may be out of date.

Savings accounts paying interest on a monthly basis are a popular choice with many savers, as they can be used to supplement income.

Here is a selection of some of the current best paying monthly interest accounts.

All these accounts require advance notice to access funds.


Investec Bank plc - Investec High 5 Issue 2

  • This account pays a monthly rate of 3.17%.
  • Savers can invest between £25,000 and £100,000 and six months notice must be given to access funds.
  • The account can be operated by savers aged 18 and over by post, telephone or online.


Aldermore - 120 Day Notice

  • This notice account pays a monthly rate of 3.15% to savers with deposits of £1,000 and £1 million.
  • As the name suggests, 120 days' notice must be given to access funds and all withdrawals must be made via a nominated account.
  • The account is available to savers aged 18 and over and can be operated by post, telephone and online.


Melton
Mowbray Building Society - Online 100 Day Notice

  • This online account pays a monthly rate of 3.10% to savers with investments between £1,000 and £250,000.
  • Advance notice of 100 days' is required to access funds and there is a maximum withdrawal limit of £10,000 per day.
  • The account is available to savers aged 16 and over.
Find the best savings accounts for you - Compare notice 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 Any products featured may be withdrawn by their provider or changed at any time.

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