With over three months to go, the festive season may be the last thing on many people's minds. It pays to plan ahead, however, by placing money intended for presents, food and other extra expenditure into a savings account requiring advance notice to access funds. There are a host of savings accounts available which require two to three months notice to withdraw funds. Here is a selection of the best savings accounts which require at least 45 days notice.
Aldermore – 45 Day Notice
This savings account from Aldermore pays 2.54% on its anniversary. The AER is guaranteed to be at least 0.50% above bank base rate until 1st June 2011. A monthly interest option is also available at 2.51%, with the same guarantee. Savers can invest between £1,000 and £1m. Advance notice of 45 days is required and early access is not permitted. All withdrawals must be made via a nominated account. The account is available to savers aged 18 and over and can be operated by post, telephone or online.
FirstSave – 90 Day Notice – Base Rate Linked
This savings account pays 2.50% on its anniversary. Savers who choose the monthly interest option will receive a lower rate of 2.47%. The gross rate is guaranteed to be equal to 2.00% above bank base rate, while for the monthly interest option this guarantee applies to the AER. Advance notice of 90 days must be given, although early access is allowed subject to 90 days loss of interest. All withdrawals must be made via a nominated account. The account can be operated online only by savers aged 18 and over.
National Counties Building Society – 1st Issue Notice Saver
The rate of return for this online savings account is dependent on the investments made. For deposits between £1,000 and £9,999, 2.00% is paid; £10,000 to £49,999, 2.20%; £50,000 to £99,999, 2.40% and for deposits between £100,000 to £2m a rate of 2.70% will apply. Savers must give 45 days notice to access funds and early access is not allowed. Withdrawals must be made via a nominated account. The account is available to savers of all ages and can be operated in branch, by post and online.
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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 Any products featured may be withdrawn by their provider or changed at any time.
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