Kent Reliance has increased the rate of its 60-day notice savings account by 0.25%, giving it a market-leading position for its terms.
60 Day Notice Issue 11 now pays 1.60% yearly (1.59% monthly), allowing it to rise above its competitors and take pole position in its sector.
This account can be opened and operated in branch, by post or online. An initial deposit of at least £1,000 is required.
Additional deposits can be made in branch (cash only), by cheque or by bank transfer. Unlimited, penalty-free withdrawals can also be made, provided the 60-day notice period is observed. However, if early access is needed, it is possible to forgo the notice period, although this will result in the loss of 60 days' interest.
The rate boost to this account has sent it soaring up the charts, something that is bound to be noticed by savers. Its option of monthly interest also adds appeal, while the opportunity to contribute additional funds and access funds early gives it another level of flexibility. However, savers must be aware that forgoing the notice period will lead to a loss of interest.
Moneyfacts rating: Excellent
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