Notice accounts hold their own in charts | Product News - Moneyfacts

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Notice accounts hold their own in charts

Notice accounts hold their own in charts

Category: Savings
Date: 30/01/2015

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 It is now over 6 months old so the content may be out of date.

Hampshire Trust Bank has reduced the rate of selected notice savings accounts by up to 0.20%. However, its 90 day and 120 day accounts have retained their strong hold on the charts, remaining in the top 10 of their sector.

The basics...

120 Day Notice Issue 2 now has a highly competitive rate of 1.65% yearly, ensuring it can sit comfortably behind the sector's current market-leader. Meanwhile, its 90-day counterpart has an attractive yearly rate of 1.40%, which also sees it retain a spot in the Moneyfacts charts.

The finer details…

These accounts must be opened and operated by post with a minimum investment of £1,000.

Further additions are welcome at any time and unlimited withdrawals can be made via a nominated account. However, early access is not permitted, so the notice period for each account must always be upheld (90 and 120 days respectively).

Why we like them…

These accounts offer very competitive terms to savers, despite their recent rate reductions. Both accounts have top 10 rates and also allow a great deal of flexibility by permitting both unlimited withdrawals and further additions. However, savers will need to be able to plan ahead, as neither account allows early access to 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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