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Top 5 Notice Savings Accounts

Top 5 Notice Savings Accounts

Category: Savings

Updated: 18/06/2013
First Published: 18/06/2013

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 It is now over 6 months old so the content may be out of date.

Notice accounts are best suited to savers who do not require immediate access to their money.

These accounts can pay slightly higher rates of return in comparison to their easy-access counterparts, based upon the condition that the investor's money will remain untouched unless advance notice is given to the provider.

Early access to money is often prohibited and notice terms can vary greatly depending on the account and provider, so applicants must take time to check the terms and conditions to be sure it suits their financial and lifestyle requirements.

Here are the current top 5 notice accounts:

United Bank UK

2.26% AER/2.25% Gross
  • Investments between £1 and £1million
  • Rate paid half-yearly
  • 90 days' notice required
  • Early access to funds not permitted
  • Can be operated in branch or by post

Penny saysPenny says…
"Leading the way in the notice rate market is this account from United Bank UK.

"This deal should appeal to savers with varying minimum deposits looking for a market-leading notice rate."

Investec High 5 issue 2
2.06% AER/Gross
  • Monthly interest paid at 2.04% gross
  • Investments between £25,000 and £100,000
  • 6 months' notice required
  • Early access to funds not permitted
  • Can be operated by post, telephone or online

Penny saysPenny says…
"A recent rate increase has seen this 6-month variable account boost its place in the notice best buy tables.

"Savers looking to supplement their income will be pleased with the highly competitive monthly interest rate"

Branch Saver 120 Issue 2
1.60% AER/Gross paid for deposits between 3250 and £4,999. 1.85% paid between £5,000 and £24,999. 2.05% paid between £25,000 and £49,999 and 2.15% paid for investments between £50,000 and £250,000
  • Monthly interest of 1.83% gross paid for deposits between £5,000 and £24,999, 2.03% paid between £25,000 and £49,999 and 2.13% paid for investments between £50,000 and £250,000.
  • 120 days advance notice required
  • Early access to funds not permitted
  • Can be operated by post or telephone

Penny saysPenny says…
"This notice account pays competitve rates of return depending on the amounts invested.

"Savers must be willing to give 120 days notice prior to accessing funds"


Promise Saver Issue 3
2.00% AER/Gross paid if upto two withdrawals are made per year. 1.50% EAR/Gross paid if three or more withdrawals are made per year.
  • Monthly interest of 1.99% paid if up to two withdrawals are made per year. Monthly rate of 1.49% paid if three or more withdrawals are made per year.
  • Investments between £500 and £2 million
  • 30 days' advance notice required
  • Early access to funds not permitted
  • Account can be operated in branch or by post.

Penny saysPenny says…
"Savers with smaller investments of £500 and over should find this account from Principality Building Society appealing.

"This product pays competitive, but differing annual and monthly rates depending on how frequently withdrawals are made."

120 Day Notice Personal Savings Account Issue 8
2.00% AER/Gross
  • Monthly interest paid at 2.03% gross
  • Investments between £25,000 and £100,000
  • 3 months' notice required
  • Early access to funds not permitted
  • Can be operated by post, telephone or online

Penny saysPenny says…
"Just squeezing into the top 5 notice account market is this competitve account, available to savers who have £1,000 or more to invest

"Funds cannot be accessed early without advance notice, so this deal is best suited to savers who do not require immediate access to their money."



Information & Rates correct as at: 18/06/2013

What next?

Search all notice savings accounts
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Compare easy access accounts (no bonus)
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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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