Online savings accounts are a popular choice, mainly due to their convenience. Having access to funds when and wherever you like, however, may prove tempting, particularly over the festive period. If this is the case, it may be best to budget some cash for spending and place the remainder in an online notice account. Here are the current top three.
Bradford & Bingley – Notice Saver Online
This account pays a rate of 3.30pc including a variable bonus of 2.80pc for 12 months. A monthly interest option is also available at 3.25pc with a 2.75pc bonus. Savers can invest between £1,000 and £2m. 60 days' notice must be given to access funds. Early access is allowed, although this is subject to 60 days' loss of interest. All withdrawals must be made via BACS to a nominated account. Although the account is online only, the initial deposit must be made by either cheque and transferred from a nominated account. The account is available to savers aged 16 and over.
FirstSave – 90 Day Notice
FirstSave, the online savings provider, offers a range of accounts. This 90 day notice account pays a rate of 3.25pc. The AER is guaranteed to be at least 0.25pc above bank base rate until 1st January 2010 and at least equal to bank base rate until 1st January 2012. Investments range between £100 and £2m, while a monthly interest option is also available for minimum deposits of £5,000. Savers must give 90 days' notice to access funds. Early access is allowed, subject to 90 days' loss of interest. Withdrawals must be made via a nominated account. The account is available to savers aged 18 and over.
Newcastle Building Society – Reward Saver
This account pays a rate of 3.00pc including a bonus of 1.00pc for 12 months. Investments range between £500 and £1m, although a monthly interest option is also available at 2.91pc with the same bonus, for minimum deposits of £5,000. 120 days' notice must be given to access funds. Early access is allowed, although this is subject to 120 days' loss of interest. The account can be operated online and also in branch and by post. Savers must be aged 18 and over.
Compare notice 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 Any products featured may be withdrawn by their provider or changed at any time.
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