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Product focus: Notice accounts

Product focus: Notice accounts

Category: Savings

Updated: 21/11/2011
First Published: 21/11/2011

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 It is now over 6 months old so the content may be out of date.

Notice accounts may be suited to those savers who do not need instant access to their funds. Customers are required to give their provider advance notice if they want to withdraw money. These variable rate products will often result in a penalty such as loss of interest if funds are accessed without giving notice.

Here is a selection of the current top notice accounts.

Aldermore - 120 Day Notice

  • This account pays a rate of 3.20% on its anniversary.
  • Savers can invest between £1,000 and £1 million.
  • As the name suggests 120 days notice is required to access funds and 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.

Manchester Building Society - Premier Notice Issue 37

  • The Premier Notice account pays a rate of 3.16% annually including a bonus of 1.50% for twelve months.
  • Savers can invest between £1,000 and £50,000.
  • Advance notice of 35 days is needed to access funds and a maximum of four withdrawals are allowed per year.
  • The account is available to savers aged 18 and over and can be operated in branch and by post.

Secure Trust Bank - 120 Day Notice Issue 4

  • This account pays an annual rate of 3.01% on a quarterly basis.
  • Investments range between £1,000 and £1 million.
  • Advance notice of 120 days is required to access funds.
  • Up to three capital withdrawals are permitted per year on 120 day notice and four interest withdrawals are permitted per year without penalty.
  • The account can be operated by savers aged 18 and over by post, telephone or online.
Find the best savings accounts for you - Compare notice savings accounts

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 Any products featured may be withdrawn by their provider or changed at any time.

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