For savers who do not need access to cash straightaway, a notice account may be the best option. These accounts require savers to give a specific amount of time before funds can be accessed, although the notice periods tend to vary from 7 up to 180 days. If savers need to access funds at short notice, they may incur a penalty such as loss of interest. The following accounts all require 90 days' notice to access funds and cannot be operated online.
Stroud & Swindon – 50 Plus Notice
This account pays a rate of 3.20pc with a bonus of 1.20pc until 30th June 2010. A monthly interest option is available at a lower rate of 1.17pc until 30th June 2010. Investments range from £1,000 to £500,000. Savers must give 90 days' notice to access cash. Early access is allowed, although this is subject to 90 days' loss of interest. The minimum withdrawal or addition allowed by post or telephone is £100. Savers must be aged 50 and over to operate this account.
Secure Trust Bank – 90 Day Notice Issue 1
Secure Trust Bank's 90 day notice account pays a quarterly rate of 3.00pc. Savers can invest between £1,000 and £1m. 90 days' notice is required to access funds and although early access is allowed it is subject to 90 days' loss of interest. Three capital withdrawals and four interest withdrawals allowed a year, subject to 90 days' notice. The account can be operated by savers aged 18 and over.
Whiteaway Laidlaw Bank – 90 Day Notice
This account pays a variable rate of 2.26pc. Savers can invest between £1,000 and £100,000, although no cash deposits or withdrawals are allowed. 90 days' notice is required to access funds. The account can be operated by savers aged 18 or 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 Any products featured may be withdrawn by their provider or changed at any time.
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