Product focus: Notice accounts - Savings - News | moneyfacts.co.uk

News

Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

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 It is now over 6 months old so the content may be out of date.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

 
 
Close