Notice accounts keep a grip on the charts | Product News - Moneyfacts

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Notice accounts keep a grip on the charts

Notice accounts keep a grip on the charts

Category: Savings
Date: 19/02/2016

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 It is now over 6 months old so the content may be out of date.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 reduced the rates paid on selected notice accounts; however, its 95, 100 and 120-day deals have failed to relinquish their hold on the charts.

The basics…

95 Day Notice Issue 9 now pays a variable rate of 1.55% yearly (1.54% monthly), while its 100-day counterpart (Issue 3) pays 1.60% yearly (1.59% monthly), both of which remain market-leading rates for their terms. The 120-day version (Issue 8) is also still highly competitive, paying 1.70% yearly (1.69% monthly).

The finer details…

These accounts 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.

Savers are welcome to make additions at any time and an unlimited number of withdraws can be made. However, early access is not possible, so savers must plan their withdrawals so that they abide by the relevant notice period.

Why we like them…

These notice accounts continue to sit pretty in the charts thanks to their competitive spirit; not only do they boast eye-catching rates but they also offer monthly interest options and an unlimited number of withdrawals, features that are sure to attract eager savers.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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