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Sun shines on Manchester savers

Sun shines on Manchester savers

Category: Savings

Updated: 09/04/2009
First Published: 09/04/2009

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Manchester BS has launched two new variable rate savings accounts, both rated towards the top end of their respective markets.

The Premier Bonus Issue 4 is a 35 day notice account requiring a minimum balance of £1K and paying 3.26% yearly, including a bonus of 1% for 12 months.

Up to six withdrawals are allowed per year on 35 days' notice, after which Premier Instant rates will be paid for the rest of the year.

The Premier ISA 45 Issue 1 is a 45 day notice cash ISA also requiring a minimum operating balance of £1K.

It pays 3.56% yearly, including a bonus of 0.80% for 12 months, with withdrawals, closure and transfers out allowed on 45 days' notice.

Before taking the plunge with either account, bear in mind the notice required to get access to your funds. It will also be worth reviewing your options after 12 months, when the bonus rates expire and the rate you receive will drop.

These products have been awarded four out of five Moneyfacts stars.

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 Any products featured may be withdrawn by their provider or changed at any time.