New notice account springs into top 10 | Product News - Moneyfacts

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New notice account springs into top 10

New notice account springs into top 10

Category: Savings
Date: 11/05/2015

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 It is now over 6 months old so the content may be out of date.

Market Harborough Building Society has unveiled a new variable notice account, which has leapt straight into the top 10 for its sector.

The basics…

Onthedot 120 Day Notice Issue 3 pays a competitive variable rate of 1.60% yearly (1.50% monthly), which allows it to sit comfortably in the Moneyfacts charts.

The finer details…

This account must be opened and operated online with an initial investment of at least £1,000. Savers should note that access is via a nominated account.

Further additions can be made at any time (including by post) and unlimited, penalty-free withdrawals are permitted. However, as early access is not allowed, the notice period of 120 days must always be observed. Savers must therefore plan their withdrawals with this in mind.

Why we like it…

The deal boasts a competitive rate, which is sure to attract eager savers. The flexibility of unlimited withdrawals and further additions further sweetens the deal, as does the monthly option for those wishing to supplement their income, although the lack of early access does mean that savers will need to plan their withdrawals carefully.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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