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Product focus: Online savings accounts

Product focus: Online savings accounts

Category: Savings

Updated: 03/03/2010
First Published: 16/02/2010

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 It is now over 6 months old so the content may be out of date.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 savings accounts are a popular choice as they allow savers the flexibility of conducting business whenever and wherever they wish. For savers who feel they may be tempted by the convenience of having access to their account 24/7, there are a host of accounts which require advance notice to access funds. The following accounts all require advance notice of 30 days.

Melton Mowbray Building Society – Online 30 Day Notice



This account pays a monthly rate of 2.55pc. Savers can invest between £1,000 and £250,000. Early access is allowed, although this is subject to 30 days' loss of interest. All transactions must be made via a nominated account. A maximum withdrawal amount of £10,000 applies. Savers must be aged 16 and over.

Market Harborough Building Society – onthedot 30 Day Notice



The onethedot notice account pays a rate of 2.55pc. A monthly interest option is available at 2.40pc. Investments range between £1 and £150,000. Early access is allowed, subject to 30 days' loss of interest. Despite this being an online account, the initial deposit must be made by cheque. Savers must be aged 16 and over.

FirstSave – 30 Day Notice



This account pays a rate of 2.00pc and the AER is guaranteed to be at least equal to bank base rate until 1st January 2012. Savers can invest between £100 and £2m. A monthly interest option is available at 1.98pc, although the minimum deposit required is £5,000. Early access is allowed subject to 30 days' loss of interest and all withdrawals must be made via a nominated account. Savers must be aged 18 and over.


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 Any products featured may be withdrawn by their provider or changed at any time.

 
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