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.
United Bank UK
Penny 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."
Penny 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"
Penny 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"
Penny 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."
Penny 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
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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 Any products featured may be withdrawn by their provider or changed at any time.
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