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Product focus: No notice accounts

Product focus: No notice accounts

Category: Savings

Updated: 23/06/2011
First Published: 22/06/2011

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 It is now over 6 months old so the content may be out of date.

No notice accounts are best suited to savers who require quick and easy access to their funds.

Many of these accounts include an introductory bonus which runs for a limited period, often twelve months and account for a large part of the overall rate.

It is important to remember that once the bonus period expires, the rate will revert to a much lower figure.

Here is a selection of the current best online only easy access savings accounts.

Nationwide Building Society - MySave Online Plus
  • This account pays a monthly rate of 3.01% including a bonus of 1.51% for twelve months.
  • Savers can invest between £1,000 and £3 million.
  • No notice is required to access funds, although only one free withdrawal is permitted within one year.
  • If more than one withdrawal is made in a twelve month rolling period, a lower rate of 0.10% will be paid for the month in which the withdrawal was made.
  • The account is available to savers aged 16 and over and can be operated online only.
Santander- eSaver Issue 3
  • This account pays a rate of 3.00% on its anniversary including a bonus of 2.50% for twelve months.
  • A monthly rate of 2.96% is also available with a bonus of 2.46% for twelve months.
  • Investments between £1 and £2 million can be made.
  • No advance notice is needed to access funds, although there is a daily cash machine withdrawal limit of £300.
  • The account can be operated by savers aged 16 and over online only.
Tesco Bank - Internet Saver
  • The Internet Saver account pays a rate of 2.90% including a bonus of 1.65% for twelve months, for balances up to £1 million.
  • Savers with balances exceeding £1 million will not be eligible for the bonus and will receive a rate of 1.25%.
  • No notice is required to access funds, although all withdrawals must be made via a nominated account.
  • The account is available to savers aged 18 and over and can be operated 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 Any products featured may be withdrawn by their provider or changed at any time.

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