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The top paying notice account that is available to new customers this week was Shawbrook Bank’s 120 Day Notice Personal Account Issue 48, which pays 0.72% gross on anniversary. This account requires a £1,000 minimum deposit to open. It allows further additions and withdrawals can be made subject to 120 days’ notice. The account must be opened online but can then be managed online and by phone. There is also a version of this account that pays interest monthly at the same gross rate.
The next-best notice account rate came from Allica Bank, which pays 0.70% gross on anniversary on its 95-Day Notice Personal Savings Account (Issue 1). This account requires a £1,000 minimum deposit to open. It allows further additions and withdrawals are permitted subject to 95 days’ notice. It can only be opened online and then must be managed by phone.
The Moneyfacts.co.uk Pick of the Week showcases the best of the latest products or rate changes to hit the consumer finance market for the week commencing 24.5.21