Product focus: Online notice accounts - Savings - News - Moneyfacts

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Product focus: Online notice accounts

Product focus: Online notice accounts

Category: Savings

Updated: 27/04/2010
First Published: 27/04/2010

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 It is now over 6 months old so the content may be out of date.

Savers who do not need immediate access to funds may be best suited to notice accounts. The length of notice periods can vary depending on the product. However, it is important to adhere to the notice period, as penalties, such as loss of interest, may apply when accessing cash early. Here is a selection of the best online notice accounts.

Market Harborough Building Society – onthedot 30 Day Notice

This account pays an annual rate of 2.55pc. Savers can invest between £1 and £150,000 and the initial deposit must be made by personal cheque. As the name suggests, savers must give thirty days notice to access funds. Early access is allowed, subject to 30 days' loss of interest. The account is available to savers aged 16 and over and can be operated online only.

Melton Mowbray Building Society – Online 30 Day Notice

The Online 30 Day Notice account pays a monthly rate of 2.55pc. Investments range between £1,000 and £250,000. Thirty days notice must be given to access funds, although early access is allowed, subject to 30 days' loss of interest. There is also a maximum daily withdrawal limit of £10,000. All withdrawals must be made via a nominated account. The account can be operated online only by savers aged 16 and over.

Aldermore – 45 Day Notice

Aldermore's 45 Day Notice account pays 2.54pc on its anniversary. The AER is guaranteed to be at least 0.50pc above bank base rate until 1st June 2011. Savers can invest between £1,000 and £1m. Forty five days notice is required to access funds and early access is not allowed. 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 and online.

Find the best savings accounts for you - Compare notice savings accounts

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 Any products featured may be withdrawn by their provider or changed at any time.

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