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Product focus: No notice accounts

Product focus: No notice accounts

Category: Savings

Updated: 20/04/2011
First Published: 20/04/2011

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 It is now over 6 months old so the content may be out of date.

The summer months are just around the corner, signalling a potentially expensive time for families. Easy access savings accounts may be a good option for those who are less inclined to use credit cards to cover the costs of days out. Here is a selection of some of the best no notice accounts offered by well-known providers.

Santander– eSaver Issue 3

  • This account pays a rate of 3.00% including a bonus of 2.50% for twelve months.
  • A monthly interest option is available at a lower rate of 2.96%, with a bonus of 2.46% for twelve months.
  • Savers can invest between £1 and £2m. Funds can be accessed without advance notice and penalty, although there is a daily cash machine withdrawal limit of £300.
  • The account can be operated online only by savers aged 16 and over.

ING Direct – Savings Account

  • The Savings Account from ING Direct pays a monthly rate of 2.96% including a bonus of 2.46% for twelve months.
  • The rate is guaranteed to be fixed at 2.96% for twelve months.
  • Savers can invest between £1 and £100,000.
  • No advance notice is required to access funds, although all withdrawals must be made via a nominated current account.
  • The account can be operated online and by telephone by savers aged 18 and over.

Tesco Bank – Internet Saver

  • The rate for this account is dependent on how much is invested.
  • Deposits between £1 and £999,999 will receive a rate of 2.90% including a bonus of 1.65% for twelve months, while those investing £1m or more will receive a rate of 1.25%.
  • No notice is needed to access money, however, all withdrawals must be via a nominated account.
  • The account is available to savers aged 18 and over and can be operated, as the name suggests, 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 Any products featured may be withdrawn by their provider or changed at any time.

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