90-day notice account gets a rate boost | Product News - Moneyfacts

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90-day notice account gets a rate boost

90-day notice account gets a rate boost

Category: Savings
Date: 01/05/2015

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 It is now over 6 months old so the content may be out of date.

Hampshire Trust Bank has given its 90-day notice savings account a helping hand into the Moneyfacts charts with a 0.20% rate boost, earning it an 'excellent' rating in the process.

The basics…

90 Day Notice (Issue 6) now pays a competitive variable rate of 1.60% per annum, enabling it to take a place among the top 10 accounts of its sector.

The finer details…

This account must be opened and operated by post with transactions made via a nominated account. A minimum investment of £1,000 is needed.

Additional deposits can be made at any time, but early access is not permitted, which means that savers must always give 90 days' notice before making a withdrawal.

Why we like it…

The rate increase has made this deal a competitor in the notice market, earning it a place in the Moneyfacts charts. This move is bound to be noticed by savers, who are also likely to welcome the flexibility of unlimited further additions. However, they'll need to plan their withdrawals carefully as the notice period must always be served.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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