Product focus: No notice accounts for over 50s - Savings - News - Moneyfacts


Product focus: No notice accounts for over 50s

Product focus: No notice accounts for over 50s

Category: Savings

Updated: 18/04/2012
First Published: 18/04/2012

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
A range of savings accounts are available which do not require advance notice to access funds.

These accounts are popular with savers who require short-term access to their money, however some have restrictions on the number of withdrawals allowed, so it is always worth checking the full terms and conditions of an account to avoid any penalties.

Here is a selection of the current top no notice deals for savers aged 50 and over.

West Brom
Brom Building Society - High Income Over 50 Notice 2

  • This account pays a monthly rate of 2.76% for savers with deposits of £1,000 or more.
  • Advance notice of 90 days must be given to access funds, although early access is allowed subject to a 90 days' loss of interest.
  • The account is available to savers aged 50 and over and can be operated in branch, by post or telephone.

SAGA - Saga Internet Saver Issue 3

  • SAGA's online account pays 2.75% on its anniversary including a bonus of 2.25% for twelve months.
  • A monthly interest option is also available at 2.72% with the same bonus.
  • Savers can invest between £1 and £1 million.
  • No advance notice is needed to access funds, although all withdrawals must be made via a nominated account.
  • The account is available to savers aged 50 and over.

Market Harborough
Harborough Building Society - Onthedot Sixty+Surfer

  • This account pays an annual rate of 2.35% for savers with investments between £1 and £150,000.
  • A monthly interest option is available at 2.20%.
  • Savers can access their money without advance notice or penalties, however, all withdrawals must be made via BACS payment system or transferred to another Market Harborough Building Society account.
  • The account is available to investors aged 60 and over online only.

Find the best savings rates for you - Compare 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 Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Best savings rates

Get a snapshot of the top best buy savings accounts, fixed rate bonds and cash ISAs to help you get more from your money.

Average five-year fixed bond rate falls below 2%

Long-term fixed rate bonds used to be the top solution for savers looking to get a decent return on their savings, but unfortunately, times have changed, with our latest data revealing that the average five-year rate has fallen to a new record low.

Savings rates plummet to fresh lows yet again

It’s becoming a recurring theme, and unfortunately, it’s showing no signs of stopping. Savings rates have plummeted to fresh lows once again as the impact of the base rate cut continues – and this month, product availability has followed.