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Product focus: No notice online accounts

Product focus: No notice online accounts

Category: Savings

Updated: 22/01/2010
First Published: 29/12/2009

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 It is now over 6 months old so the content may be out of date.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 savings accounts that can be operated online are particularly suitable to those who wish to access their accounts at any time on their home computer.


No notice accounts enable the account holder to have instant access to their funds, but savers generally receive a lower return than longer term savings for this privilege. Here is the top selection of three no notice online accounts, which all include introductory bonuses.


Remember to make a diary note for the introductory bonus expiry date.



Leeds

Building

Society – Online Access Account Issue 2



Leeds
pays a rate of 3.05% on this account, which including a bonus of 1.00% until 30th September 2010. Savers can invest between £100 and £1 million. 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 3.01% including a bonus of 1.00% for 12 months. Quarterly and monthly interest options are also available. Savers can invest between £1 and £5 million. 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 in 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 3.00% including a bonus. Bonuses are determined by the amounts deposited, as follows: from £1,000 to £24,999 a bonus of 2.50% for 12 months is paid; a bonus of 2.25% for 12 months is paid for deposits between £25,000 and £49,999; 2.00% for 12 months is paid for investments between £50,000 and £249,999, and for £250,000 up to £2 million a bonus of 1.50% is included. All withdrawals must be made via a nominated current account. The account can be operated by savers aged 18 and over.


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 Any products featured may be withdrawn by their provider or changed at any time.

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