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