Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
S&P Stock Market Trend Forecast to Dec 2024 - 16th Apr 24
No Deposit Bonuses: Boost Your Finances - 16th Apr 24
Global Warming ClImate Change Mega Death Trend - 8th Apr 24
Gold Is Rallying Again, But Silver Could Get REALLY Interesting - 8th Apr 24
Media Elite Belittle Inflation Struggles of Ordinary Americans - 8th Apr 24
Profit from the Roaring AI 2020's Tech Stocks Economic Boom - 8th Apr 24
Stock Market Election Year Five Nights at Freddy's - 7th Apr 24
It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- 7th Apr 24
AI Revolution and NVDA: Why Tough Going May Be Ahead - 7th Apr 24
Hidden cost of US homeownership just saw its biggest spike in 5 years - 7th Apr 24
What Happens To Gold Price If The Fed Doesn’t Cut Rates? - 7th Apr 24
The Fed is becoming increasingly divided on interest rates - 7th Apr 24
The Evils of Paper Money Have no End - 7th Apr 24
Stock Market Presidential Election Cycle Seasonal Trend Analysis - 3rd Apr 24
Stock Market Presidential Election Cycle Seasonal Trend - 2nd Apr 24
Dow Stock Market Annual Percent Change Analysis 2024 - 2nd Apr 24
Bitcoin S&P Pattern - 31st Mar 24
S&P Stock Market Correlating Seasonal Swings - 31st Mar 24
S&P SEASONAL ANALYSIS - 31st Mar 24
Here's a Dirty Little Secret: Federal Reserve Monetary Policy Is Still Loose - 31st Mar 24
Tandem Chairman Paul Pester on Fintech, AI, and the Future of Banking in the UK - 31st Mar 24
Stock Market Volatility (VIX) - 25th Mar 24
Stock Market Investor Sentiment - 25th Mar 24
The Federal Reserve Didn't Do Anything But It Had Plenty to Say - 25th Mar 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

UK Savings Notice Account Interest Rates Climb to Three Year High

Personal_Finance / Savings Accounts Apr 30, 2012 - 03:28 AM GMT

By: MoneyFacts

Personal_Finance

The average rate of a notice savings account currently stands at 1.57%, its highest level since early 2009.


Date

Average rate

Average bonus

Today

1.57%

1.06%

1 Year Ago

1.20%

0.99%

2 Years Ago

1.00%

0.77%

3 Years Ago

1.76%

0.76%

Source: Moneyfacts.co.uk 30.4.12

 

Top 5 notice accounts

Provider

Account

Rate (gross)

Min Investment

Notice required

Shawbrook Bank

120 Day Notice Personal Savings Account Issue 2

3.30%

£1,000

120 days

Shawbrook Bank

95 Day Notice Personal Savings Account Issue 2

3.20%

£1,000

95 days

Aldermore

120 Day Notice

3.20%

£1,000

120 days

Investec Bank plc

Investec High 5 Issue 2

3.19%

£2,500

6 months

Close Brothers Savings

Select Gold 180 Day Notice

3.11%

£10,000

180 days

Source: Moneyfacts.co.uk 30.4.12

 

Louise Holmes, spokesperson for Moneyfacts.co.uk, commented: “Rates for notice savings accounts fell sharply during the peak of the financial crisis, but have risen considerably over the past couple of years.

“One explanation for this rise in average rates could be down to larger introductory bonuses to boost initial rates. For example, our research has seen the average bonus for a notice account grow from 0.77% two years ago, to 1.06% today.

“Whilst not as universally popular as their easy access counterpart, notice accounts tend to pay slightly better rates. This is mainly due to the provision that savers will only access funds after advance notice is given to the provider.

“The top notice accounts are offered by lesser-known providers, such is the case with a lot of market-leading savings accounts at the moment. Investors would be wise to check out the market thoroughly to ensure they can take advantage of the best savings deal for them.”

www.moneyfacts.co.uk - The Money Search Engine

Moneyfacts.co.uk is the UK's leading independent provider of personal finance information. For the last 20 years, Moneyfacts' information has been the key driver behind many personal finance decisions, from the Treasury to the high street.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in