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Overlapping withdrawal notices in notice accounts

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Does anyone know if providers have a general policy about whether you can give a new notice for a future withdrawal while you're still inside a previous notice period?

That is, say I have a 90 day notice account, and have given notice in Sept for a withdrawal in Dec; can I then give notice in Nov for a withdrawal in Feb, with the Dec withdrawal unaffected?

I've looked at Terms and Conditions for a couple of accounts, and can't see it mentioned. So I'd hope that they all allow it. Has anyone run an account in this way?

Comments

  • Sea_Shell
    Sea_Shell Posts: 10,019 Forumite
    Tenth Anniversary 1,000 Posts Photogenic Name Dropper
    edited 24 August 2019 at 10:57AM
    Who are you with specifically?

    Secure Trust let you have more than 1 request "pending" but you're restricted to 3 withdrawals per calender year (ex interest)

    You also need to have sufficient cleared funds. Eg. You can't request £5000 even if you plan to pay in £5000 next week. IYSWIM

    You need to ring or message them if you subsequently decided to cancel a withdrawal.

    * However, this account is no longer available.
    How's it going, AKA, Nutwatch? - 12 month spends to date = 2.60% of current retirement "pot" (as at end May 2025)
  • I'm not with anyone yet; I was wondering if this was an alternative to an instant access account, for some money for which I can plan ahead my future needs reasonably well - £X in Jan, £Y in Feb, £Z in March etc.

    If Secure Trust did allow more than 1 notice to be pending, then that's a good sign, even if that account with only 3 withdrawals per year wouldn't have met my needs. Thanks.
  • Microbe65
    Microbe65 Posts: 43 Forumite
    Eighth Anniversary 10 Posts
    I have a 120 day Notice account with Paragon, with multiple (monthly) withdraw notices arranged
  • msallen
    msallen Posts: 1,494 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    If you find you cant do this, then you could have cash in multiple accounts and stagger withdrawals across them.
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