60-day notice deal gets a welcome rise | Product News - Moneyfacts

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60-day notice deal gets a welcome rise

60-day notice deal gets a welcome rise

Category: Savings
Date: 27/08/2015

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 It is now over 6 months old so the content may be out of date.

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.

The basics…

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.

The finer details…

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.

Why we like it…

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

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
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