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Product focus: Notice accounts

Product focus: Notice accounts

Category: Savings

Updated: 25/11/2010
First Published: 25/11/2010

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 It is now over 6 months old so the content may be out of date.

There are a host of savings accounts in the market which require advance notice to access funds.

These accounts are best suited to savers who do not need immediate access to their money, although some allow early access subject to loss of interest.

Here is a selection of the current best notice accounts, which all include introductory bonuses.

Stroud & Swindon Building Society – Stroud & Swindon 90 Day Notice

This account pays 2.86% including a bonus of 0.88% for twelve months. Savers can invest between £1,000 and £500,000. Advance notice of 90 days is required to access funds, although early access is allowed subject to 90 days loss of interest. The account is available to savers aged 16 and over and can be operated in branch, by post or telephone. Savers must specify how they will operate the account when they apply.

Post Office – Reward Saver

The Reward Saver pays 2.73% including a 0.99% bonus for twelve months. The AER is guaranteed to be no more than 1.00% below bank base rate. Investments range between £500 and £5m. Savers must give 30 days notice to access funds. Early access is allowed, subject to 30 days loss of interest. The account can be operated in branch, by phone or telephone by savers aged 18 and over.

Principality Building Society – 60 Day Direct

This account from Principality Building Society pays 2.57% including a bonus of 1.00% for twelve months. Savers can invest between £1,000 and £500,000. Advance notice of 60 days must be given to access funds. Early access is allowed, subject to 60 days loss of interest. The account can be operated by post by savers aged 16 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 Any products featured may be withdrawn by their provider or changed at any time.

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