Notice accounts keep their hold on the charts | Product News - Moneyfacts

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Notice accounts keep their hold on the charts

Notice accounts keep their hold on the charts

Category: Savings
Date: 25/09/2015

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 It is now over 6 months old so the content may be out of date.

Charter Savings Bank has reduced the rates paid on selected variable savings accounts by 0.15%, but despite this, three of its notice deals have retained their chart places.


The basics…

95 Day Notice Issue 5 now pays a variable rate of 1.70% yearly (1.69% monthly), which remains a market-leading rate for its term. Similarly, the 180-day version (Issue 2) also continues to pay the top rate for its term of 1.85% yearly (1.83% monthly), while the 120-day variant (Issue 5) pays a competitive yearly rate of 1.80% (1.79% 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.

Further additions are welcome at any time and an unlimited number of penalty-free withdrawals can be made. However, early access is not possible, so savers must always abide by the relevant notice period.


Why we like them…

These accounts may have had a slight rate decrease, but they are still forces to be reckoned with. Indeed, two of the deals remain market-leaders for their terms, which is sure to please savers on the hunt for an eye-catching rate. The option of earning monthly interest is also a boon, while the unlimited nature of both additions and withdrawals lends a great deal of flexibility.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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