Easy access and notice account enter top 10 | Product News - Moneyfacts

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Easy access and notice account enter top 10

Easy access and notice account enter top 10

Category: Savings
Date: 08/10/2015

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 It is now over 6 months old so the content may be out of date.

Harrods Bank has increased the rates paid on selected savings accounts by up to 0.55%, enabling its easy access and 120-day notice deals to move into the Moneyfacts charts.

The basics…

Instant Savings now pays a competitive quarterly variable rate of 1.51% (1.50% gross) while 120 Day Notice pays 1.76% quarterly (1.75% gross), both top 10 rates in their respective sectors.

The finer details…

Both accounts can be opened in branch, by post and online and then managed in branch, by post and by phone.

The easy access account requires an initial investment of at least £25,000. Additions and withdrawals can be made at any time without restriction, giving savers the height of flexibility.

The notice account needs a minimum investment of £20,000. Unlimited additions and withdrawals can also be made, but early access is not permitted. Savers must therefore always give 120 days' notice before making a withdrawal.

Why we like them…

The rate increases to both of these accounts have heightened their competitiveness, something that is sure to make them stand out. Savers who have a significant amount of savings to invest but who want a simple, straightforward savings account are therefore sure to be pleased by the flexibility of both of these deals.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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