Product focus: Notice accounts - Savings - News - Moneyfacts

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Product focus: Notice accounts

Product focus: Notice accounts

Category: Savings

Updated: 17/12/2012
First Published: 23/01/2012

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 It is now over 6 months old so the content may be out of date.

A growing number of savings accounts include introductory bonuses, which can help to boost the initial rate. It is important to remember, however, that bonuses only run for a limited period, often twelve months, after which the rate will drop substantially. Therefore it is worth making a note of when the bonus expires to avoid reverting to a lower rate.

Here is a selection of some of the current best notice accounts which offer introductory bonuses.

Post Office - Reward Saver Issue 2

  • This account from Post Office pays a rate of 3.00% including a 1.25% bonus for twelve months.
  • A monthly interest option is available at 2.96% with a bonus of 1.22% for twelve months.
  • Savers can invest between £500 and £2 million.
  • Advance notice of 30 days' is required to access funds and savers who access money early will be subject to a 30 days' loss of interest penalty.
  • The account is available to savers aged 18 and over and can be operated in branch, by post or telephone.

krbs - Internet 60 Day Notice

  • The rate for this account is dependent on the investment amounts.
  • Savers who place deposits between £1,000 and £24,999 will receive a rate of 2.75%.
  • Investments between £25,000 and £49,999 will receive 2.95%, whilst those with deposits between £50,000 and £1 million will receive a return of 3.10%.
  • All rates include a bonus of 1.00% for twelve months.
  • Investments range between £1,000 and £1 million.
  • Advance notice of 60 days' must be given to access funds and a penalty of 60 days' loss of interest will be incurred for early access.
  • The account is available to investors aged 16 and over and can be operated online only.

Principality Building Society - 60 Day Direct

  • This account pays 2.60% on its anniversary including a bonus of 1.00% for twelve months.
  • A monthly interest option is available at 2.57% with the same bonus and term.
  • Savers can invest between £1,000 and £500,000 and must give 60 days' notice to access funds.
  • Accessing funds early will result in 60 days' loss of interest.
  • The account can be operated by savers aged 16 and over by post only.
Find the best savings accounts for you - compare savings accounts with bonuses

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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