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.
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.
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.
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
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