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Take notice of accounts from Bradford and Bingley

Take notice of accounts from Bradford and Bingley

Category: Savings

Updated: 22/09/2009
First Published: 22/09/2009

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 It is now over 6 months old so the content may be out of date.

Bradford & Bingley has launched a couple of savings products which both shoot to the top of the table in their respective fields.

The Notice Saver Online is a 60 day notice account paying 3.30% (3.25%) on a minimum investment of £1K. The rate includes a 2.80% AER bonus for 12 months and transactions must be made via a nominated account.

Early access is subject to 60 days' loss of interest, while the account has a minimum operating balance of £1.

Its two year fixed ISA is a fixed term internet operated cash ISA maturing 1.1.11 with a minimum investment of £1K paying 3.75% yearly. Early closure and transfers out are subject to 120 days' loss of interest.

No additions are permitted, while transfers in are allowed if requested within 14 days of opening the account.

At 3.30%, the Notice Saver Online is a market leading notice and internet account. Investors will need to ensure they keep an eye on the rate as it includes a massive 2.80% bonus for the first 12 months. A review will need to be carried out after ten months so that required notice can be given if funds need to be moved.

The two year fixed ISA is also a market leader, albeit in a limited field and investors will need to commit funds for the full term to reap real benefits, given the product's 120 day interest penalty on access and closure.

Both accounts have been awarded four out of five Moneyfacts stars.

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 Any products featured may be withdrawn by their provider or changed at any time.

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