Competitive rates that won't tie you down
If you want a savings account that offers competitive interest rates but does not lock your money away for a long period of time, notice accounts may be what you are looking for. Notice accounts are a type of savings account that usually offers higher interest rates than easy access accounts. In order to withdraw funds from notice accounts, 30 days written notice must be given. If an emergency arises, you can withdraw funds from notice accounts immediately. However, you will lose interest when you access funds without giving the full notice period.
|Gross* p.a.||AER†||Includes bonus||Minimum to open||Withdrawal notice|
|Promise Saver Issue 8||1.10%||1.10%||Yes||£500||30 days||More details|
* Gross is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.
† AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest were paid and compounded once each year.
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