Notice accounts move to the top | Product News - Moneyfacts

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Notice accounts move to the top

Notice accounts move to the top

Category: Savings
Date: 12/05/2016

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 It is now over 6 months old so the content may be out of date.

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.

The basics…

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.

The finer details…

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.

Why we like them….

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

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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