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Product focus: Online no notice accounts

Product focus: Online no notice accounts

Category: Savings

Updated: 18/05/2010
First Published: 18/05/2010

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 It is now over 6 months old so the content may be out of date.

Online based accounts are particularly popular with savers with busy lifestyles, although they may also appeal to those who do not have immediate access to a branch.

No notice accounts are best suited to those who require short term access to cash without running the risk of incurring penalties.

Here is a selection of the current best online no notice accounts.

West Bromwich Building Society – WeBSave Bonus

The WeBSave Bonus account pays an annual rate of 2.85% including a bonus of 1.00% until 28th February 2011. A monthly interest option is available at 2.81%. Savers can invest between £1,000 and £1 million. Must be new money to the institution. No notice is required to access funds and all withdrawals must be made by BACS via a nominated account. The account can only be operated online by savers aged 16 and over.

AA – AA Internet Extra Issue 3

This account pays 2.80% on its anniversary including a 2.30% bonus for twelve months. Savers can invest between £1 and £1 million. No notice is needed to access funds, although all withdrawals must be made via a nominated account. The account is available to savers aged 18 and over and can be operated online only.

Tesco Bank – Internet Saver

The rate for this online only account is determined by the investment amounts, as follows. For investments between £1 and £99,999, an annual rate of 2.75% is paid including a bonus of 1.50% for twelve months. Savers with deposits between £100,000 and £1 million will receive a rate of 1.25%. The bonus only applies to new Internet Saver customers only. No notice is required to access funds and all withdrawals must be made via a nominated account. Only one account can be held per person and savers must be aged 18 and over.

Find the best savings accounts for you - Compare online 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 Any products featured may be withdrawn by their provider or changed at any time.

 
 
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