New notice account takes the top spot | Product News - Moneyfacts

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New notice account takes the top spot

New notice account takes the top spot

Category: Savings
Date: 22/06/2015

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 It is now over 6 months old so the content may be out of date.

Charter Savings Bank has introduced a new 120-day notice account to the market, securing it a market-leading position in the charts.

The basics…

120 Day Notice Issue 3 pays a highly competitive variable rate of 1.90% yearly (1.88% monthly), earning it the top spot in its sector.

The finer details…

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

Further additions are permitted at any time and an unlimited number of withdrawals can be made. However, early access is not permitted, so 120 days' notice must always be observed.

Why we like it…

This new entry to the market has taken the charts by storm, securing a market-leading position in its sector. This is sure to intrigue savers on the hunt for a competitive deal, especially as the account also has a monthly interest option and allows further additions and an unlimited number of withdrawals. However, the lack of early access does mean that savers must be prepared to plan their withdrawals to abide by the notice period.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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