Notice account gets a rate boost | Product News - Moneyfacts

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Notice account gets a rate boost

Notice account gets a rate boost

Category: Savings
Date: 09/09/2015

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 It is now over 6 months old so the content may be out of date.

Teachers Building Society has increased the rate paid on its 95-day notice account, earning it an 'excellent' rating as a result.

The basics…

Thanks to an impressive rate boost of 0.35%, Notice 95 (Issue 1) now pays a competitive rate of 1.55% yearly.

The finer details…

This account must be opened and operated by post with an initial investment of at least £1,000.

Additions are welcome at any time provided they are made by cheque, standing order or a bank transaction, while an unlimited number of penalty-free withdrawals are permitted as long as the 95-day notice period is upheld. Early access to funds is not permitted, so savers must ensure that they plan their withdrawals carefully.

Why we like it…

The rate hike to this deal has enhanced its attractiveness to postal investors, who are also likely to welcome the flexibility of unlimited additions and withdrawals, provided they're happy to give notice to access their funds.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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