New notice account tops the charts | Product News - Moneyfacts

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New notice account tops the charts

New notice account tops the charts

Category: Savings
Date: 15/05/2015

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 It is now over 6 months old so the content may be out of date.

Secure Trust Bank has unveiled a highly competitive 120-day notice account, which has leapt straight to the top of the charts for its sector.

The basics…

120 Day Notice (Issue 13) pays a market-leading variable rate of 1.85% quarterly, earning it the top spot in the Moneyfacts charts.

The finer details…

This account must be opened online and then operated by post and phone. A minimum investment of £1,000 is required.

Further additions are permitted at any time but early access is not allowed, with 120 days' notice always having to be served. There are also restrictions on the number of withdrawals that can be made, with up to three capital withdrawals and four interest withdrawals permitted every calendar year.

A business version of this account is also available for business owners.

Why we like it…

This deal currently boasts the top rate for its sector, which is bound to appeal to savers on the hunt for competitive returns. However, this account does have restrictions on the number of withdrawals that can be made each year, so savers will need to ensure that they plan their access carefully to stay within these limits and abide by the 120-day 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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