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Product focus: No notice online accounts

Product focus: No notice online accounts

Category: Savings

Updated: 22/01/2010
First Published: 23/12/2009

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 It is now over 6 months old so the content may be out of date.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 enable savers to access funds without having to give advance notice or incurring penalties. No notice accounts which can be operated online only are particularly popular mainly due to their 24/7 convenience, although are best suited to savers who are disciplined with their money. Here are the current top three no notice online accounts, which all include introductory bonuses.

Leeds Building Society – Online Access Account Issue 2

This account pays a rate of 3.05pc including a bonus of 1.00pc until 30th September 2010. Savers can invest between £100 and £1m. No notice is required to access funds, although all withdrawals must be made via a nominated account. The account can be operated by savers aged 18 and over.

Scottish Widows Bank – Internet Saver

The rate for this account is 3.01pc including a bonus of 1.00pc for 12 months. Quarterly and monthly interest options are also available. Savers can invest between £1 and £5m. No notice is required to access funds, although all withdrawals must be made via a nominated account. Although the account is online only, the initial deposit can also be made by cheque via the post. Savers must be aged 16 and over to operate the account.

Alliance & Leicester – Online Saver Issue 6

This account pays a rate of 3.00pc including a bonus. Bonuses are determined by the amounts deposited, as follows: £1,000 to £24,999 a bonus of 2.50pc for 12 months is paid; a bonus of 2.25pc for 12 months is paid for deposits between £25,000 and £49,999; 2.00pc for 12 months is paid for investments between £50,000 and £249,999 and for £250,000 up to £2m a bonus of 1.50pc is included. Early access is not allowed and all withdrawals must be made via a nominated current account. The account can be operated by savers aged 18 and over.

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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 Any products featured may be withdrawn by their provider or changed at any time.

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