Have you noticed notice accounts?

Category: Savings
Date: 5/31/2011

Looking for a short term home for your savings? If you are then you've probably been looking at easy access accounts like the Nationwide BS MySave Online Plus. Or maybe at a short term fixed rate bond like the FirstSave 1 Year Fixed Rate Bond 15th Issue.

But there is a third way. A way that you could earn more interest than on an easy access savings account, but without having to keep your money locked away for a year…

60 Day or 90 Day notice

Whiteaway Laidlaw Bank is offering two notice accounts that you really should take notice of. For comparison, here's how they match up against the best 1 year fixed rate bond, and the best easy access savings account:

Two great notice accounts from Whiteaway Laidlaw

Ok – Whiteaway Laidlaw might not be a name you're familiar with, so here's a couple of facts about them…

• Whiteaway Laidlaw Bank is a UK bank, owned by RBS Equity Finance.
• As it's a UK bank your savings are protected in the same way as any other high street name.

A happy medium

So, if you don't want to lock your money up for a year or more, a notice account could be for you. Of course, there are some top-paying easy access accounts as well – like the Nationwide BS MySave Online Plus – but having such easy access will mean a lower rate.

In contrast, a notice account can provide a happy medium for your savings while you build them, or while you wait to see what interest rates do in the future.

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 Any products featured may be withdrawn by their provider or changed at anytime.