Product focus: No notice accounts - Savings - News | moneyfacts.co.uk

News

Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

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 It is now over 6 months old so the content may be out of date.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 Any products featured may be withdrawn by their provider or changed at any time.

 
Close