Shawbrook Bank has increased the rates paid on its 95 and 120-day notice accounts, which has enhanced their competitiveness and improved their positions in the charts as a result.
95 Day Notice Personal Savings Account Issue 23 now pays a variable rate of 1.60% yearly, the market-leading rate for its term, while its 120-day counterpart (Issue 34) pays 1.70% yearly, which enables it to sit just below the market-leader for its terms.
These accounts can be opened by post and online with an initial deposit of £1,000. They can then be managed in the same way as well as by phone, although savers should note that access is via a nominated account.
Savers are welcome to make additions while the issues remain open and an unlimited number of withdrawals are permitted. However, early access is not possible, so savers must plan their withdrawals in order to abide by the respective 95 and 120-day notice periods.
These deals are certainly attention-grabbing thanks to their highly competitive rates and the absence of a limit on the number of withdrawals that can be made. Savers who are happy to plan their withdrawals in advance are therefore likely to be very attracted to these updated accounts.
Moneyfacts rating: Excellent
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