Product focus: Notice accounts - Savings - News - Moneyfacts

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Product focus: Notice accounts

Product focus: Notice accounts

Category: Savings

Updated: 15/09/2011
First Published: 15/09/2011

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 It is now over 6 months old so the content may be out of date.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 their funds may be suited to a notice account. These variable rate products require customers to give their provider advance notice should they need to withdraw money. Accessing funds without giving notice will often result in a penalty such as loss of interest.

Here is a selection of the current top notice accounts.

Manchester Building Society - Premier Notice Issue 34

  • This account pays a rate of 3.31% annually including a bonus of 1.50% for twelve months.
  • Savers can invest between £1,000 and £75,000.
  • Advance notice of 45 days is need to access funds and a maximum of four withdrawals are allowed per year.
  • The account is available to savers aged 18 and over and can be operated in branch and by post.

Aldermore – 90 Day Notice

  • Aldermore's 90 Day Notice account pays 3.10% on its anniversary.
  • The AER is guaranteed to be 2.00% above bank base rate until 1 March 2013.
  • A monthly interest option is available at 3.06% with the same guarantee.
  • Savers can invest between £1,000 and £1 million.
  • As the name suggests 90 days notice is required to access funds and 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 or online.

Stroud & Swindon Building Society - Stroud & Swindon 90 Day Notice

  • This account pays an annual rate of 2.90% including a bonus of 0.90% for twelve months.
  • Savers opting for monthly interest will receive a rate of 2.86% with a 0.88% bonus for twelve months.
  • Investments range between £1,000 and £500,000.
  • Advance notice of 90 days is required to access funds and early access is subject to 90 days' loss of interest.
  • Savers who open their account by post or telephone will be limited to a maximum withdrawal amount of £100.
  • The account can be operated by savers aged 16 and over in branch, by post or telephone.
Find the best savings accounts for you - Compare notice 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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