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Top 5, up to 120 days' notice, savings accounts

Top 5, up to 120 days' notice, savings accounts

Category: Savings

Updated: 25/07/2013
First Published: 25/07/2013

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 It is now over 6 months old so the content may be out of date.

The thought of Christmas shopping may be far from most people's minds in the current warm summer months, however, it is never too early to start squireling away some cash on a regular basis in preparation for the weeks of expenditure.

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 accounts requiring up to 120 days' notice:


Shawbrook Bank
120 Day Notice Personal Savings Account Issue 10

1.90% AER/Gross
  • Investments between £1,000 and £500,000
  • 120 days' advance notice required
  • Early access to funds not allowed
  • Can be operated by telephone or post

Penny saysPenny says…
"This account pays a competitive rate of return for savers with investments of £1,000 and over.

"Further additions can be made, although early access is prohibited during the four month term."


Islamic Bank of Britain
Sharia'a Compliant 120 Day Notice

1.81% AER/Gross
  • Investments between £1,000 and £500,000
  • Further additions allowed whilst issue is open
  • 120 days' notice required
  • Early access to funds not allowed
  • Can be operated by post or telephone

Penny saysPenny says…
"This competitive account is available to savers who have £1,000 or more to invest.

"Further additions can be made, however, funds can not be accessed early without advance notice, so this deal is best suited to savers who do not require immediate access to their money."


Shawbrook Bank
95 Day Notice Personal Savings Account Issue 9

1.80% AER/Gross
  • Investments between £1,000 and £500,000
  • Further additions allowed whilst issue is open
  • 95 days' notice required
  • Early access to funds not allowed
  • Can be operated by post or telephone

Penny saysPenny says…
"Savers with large deposits of £25,000 and over will be pleased with this competitive account.

"The option to receive interest on a monthly basis will appeal to those looking to supplement their income via their savings."


Aldermore
30 Day Notice Issue 4

1.75% AER/% Gross
  • Monthly interest of 1.74% paid in gross
  • Investments between £1,000 and £1 million
  • 30 days' notice required
  • Early access to funds not allowed
  • Can be operated by post, telephone or online

Penny saysPenny says…
"Mirroring the 120 day notice account sitting in first place, this deal from Shawbrook Bank pays a rate of 1.80% in return for giving 95 days' advance notice."


Norwich
& Peterborough Building SocietyBranch Notice Saver (Issue 3)

1.65% AER/Gross
  • Monthly interest of 1.64% paid in gross
  • Investments between £1 and £1 million
  • 90 days' notice required
  • Early access to funds allowed, subject to 90 days' loss of interest
  • Can be operated in branch, by telephone or post

Penny saysPenny says…
"Requiring 30 days' advance notice, this deal from Aldermore also pays a competitive rate of return on a monthly basis.

"Funds must be withdrawn via a nominated account."


Information & Rates correct as at: 25/07/2013

What next?

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