Notice Accounts Best Buys

If you are able to give a notice period before you would need to withdraw any cash, then a notice account may offer you a better rate of interest than an easy access account. The notice periods tend to run from 30 to 180 days depending on the account, and while some will allow you earlier access if you need it subject to an interest penalty, others will not. So you need to check your terms and conditions carefully.

Notice accounts can be useful if you struggle with the discipline of not dipping into your savings – having to give notice before you can access the money means you have to think carefully about taking the money out of the account. But if the rate changes, then you can find yourself losing out if you do not give notice quickly enough. Adding a notice account to the Rate Tracker© means you will be told if the rate changes, so you can make the move as quickly as possible to maximise your interest.

Notice Accounts Best Buys