GE Capital Direct has increased the rate of its easy access account by 0.10% as well as unleashing a new 120-day notice account onto the market. As a result of their competitive rates and terms, both have secured prominent positions on the Moneyfacts charts.
GE Saver Issue 8 now pays a competitive variable rate of 1.30% yearly (1.29% monthly), earning it a top 10 place in its sector. Meanwhile, the new GE 120 Day Notice pays an equally attractive variable rate of 1.65% yearly (1.64% monthly), which also enables it to steal a place on the Moneyfacts charts.
Both of these internet-operated accounts require a minimum deposit of £500. Savers should note that there are conditions regarding access, with additions and withdrawals needing to be made via a nominated account or internal transfer.
The easy access account offers the height of flexibility with unlimited further additions and instant, penalty-free withdrawals being permitted at anytime. The notice account also allows further additions, but while withdrawals are also welcome, early access is not permitted, which means savers must plan their withdrawals to abide by the 120-day notice period.
Both of these accounts offer savers competitive rates and flexible management. This makes them ideal for the internet investor, especially if they are on the lookout for deals that offer the option of monthly interest. However, savers must bear in mind that the notice account does not allow early access, which means they must plan their withdrawals carefully.
Moneyfacts rating: Excellent
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