Secure Trust Bank has launched a new variable rate 120-day notice savings account, which has managed to enter the Best Buy chart for its sector and earned itself an Excellent rating in the process.
120 Day Notice (Issue 19) pays a variable rate of 1.24% quarterly (1.25% AER).
This account requires an initial deposit of £1,000. It has to be opened online and can then be managed by post or over the phone. Additions are welcome at any time, and three capital withdrawals and four interest withdrawals per calendar year are permitted. However, these are subject to the required notice period being given, with early access not possible.
A version of this account is also available for businesses, with a higher maximum investment limit and slightly higher standing in its respective Best Buy chart.
This account's rate alone is enough to secure it a place in the chart for its sector, offering an appealing choice for savers who are happy to comply with its terms, and deservedly earning its Moneyfacts rating.
Moneyfacts rating: Excellent
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