Notice Accounts

isasmurf

New rate
Charter 95 day 2.32% (min £5,000)

Old_Slaphead

You can send withdrawal requests on internet via an online form but they don't (yet ?) have online account enquiries. They provide annual interest statements via email.

Expotter

Latest update to my list of the top rate 90-95 day Notice Accounts

As of 16/9/22, 11:45 AM  

1. BLME Bank of London and the Middle East. 90 Day Notice Account (Issue 5). 2.52% Expected Profit. Paid Quarterly. Min £10k
 https://www.blme.com/products-and-services/savings/notice-account/

2. Investec Bank plc90-Day Notice Saver Issue 1. 2.35%, paid Monthly. Min £5k  https://savings.investec.com/notice-saver 

3. Charter Savings Bank95 Day Notice - Issue 49. 2.32%, paid Monthly or on Anniversary. Min £5k
https://www.chartersavingsbank.co.uk/Products/NoticeAccount

4. Close Brothers Savings 95 Day Notice Account (Issue 13). 2.30%, paid Yearly. Min £10k  https://www.closesavings.co.uk/personal/savings-accounts/notice-account/95-day

5. Oak North Bank Notice Savings Account. 90 Day. 2.26%, paid Monthly. Min £1
https://www.oaknorth.co.uk/personal-savings/notice-accounts/

=5. Allica Bank 95-Day Notice Personal Savings Account (Issue 1) 2.26%, paid on Anniversary. Min £10k
https://www.allica.bank/personal/savings/95-day-notice-deposit

7. Zopa Smart Saver 95 day boosted pot. 2.25%. Paid Monthly. Min £1 (App only)
https://www.zopa.com/smart-saver

=7. Charter Savings Bank 95 Day Notice - Issue 48. 2.25%, paid on Anniversary or Monthly. Min £5k

=7. Mansfield BS Postal Savings 90 Day Notice (6th Issue). 2.25%, paid yearly. Min £1k. Postal Only.
 https://www.mansfieldbs.co.uk/savings/postal-savings-90-day-notice-6th-issue/

9. Gatehouse Bank 95 Day Notice Account. 2.20%, paid on Anniversary or Monthly. Min £500 https://gatehousebank.com/personal/savings/notice-accounts/95-day-notice-account

For information only, please do your own research. Updates in Bold

SuzzleBumpkin

i love your lists. Really useful. Thank you. 

SuzzleBumpkin

Question for Expotter or anyone else who knows… How long after an interest rate rise do notice accounts  follow suit with better rates? What usually happens? Is there any competing between providers?

Expotter

SuzzleBumpkin said:

Question for Expotter or anyone else who knows… How long after an interest rate rise do notice accounts  follow suit with better rates? What usually happens? Is there any competing between providers?

The only true answer to your question is: it varies a lot. Some seem to react quite quickly like OakNorth and Allica have done recently, sometimes they release new issues to their accounts though, so you have to open a new one and transfer your savings; sometimes they don't and they just increase the variable rate like Zopa has done so far, but it only recently upped their rates to match the other ones. Then there's always some newcomers offering good rates, so at least there always seem to be several banks trying to compete.
I've only had personal experience with Zopa and only recently started compiling these lists, so can't give you much of a historical perspective, but one thing I do know is that there are no set rules.

SuzzleBumpkin

Expotter said:

SuzzleBumpkin said:

Question for Expotter or anyone else who knows… How long after an interest rate rise do notice accounts  follow suit with better rates? What usually happens? Is there any competing between providers?

The only true answer to your question is: it varies a lot. Some seem to react quite quickly like OakNorth and Allica have done recently, sometimes they release new issues to their accounts though, so you have to open a new one and transfer your savings; sometimes they don't and they just increase the variable rate like Zopa has done so far, but it only recently upped their rates to match the other ones. Then there's always some newcomers offering good rates, so at least there always seem to be several banks trying to compete.
I've only had personal experience with Zopa and only recently started compiling these lists, so can't give you much of a historical perspective, but one thing I do know is that there are no set rules.

Thank you. That’s really useful to know. 😊

Burcot

Has anyone experience of investing with the high paying BLME bank? 

SuzzleBumpkin

Burcot said:

Has anyone experience of investing with the high paying BLME bank? 

I have an account with BLME. What do you want to know?

Burcot

SB - thanks for response.  I have spread money around a number of accounts. I have not used this one because it is slightly different in payment of interest...  I was hoping to hear it is safe and that someone else has used it.  Lots of talk of Oaknorth, Investect  ect but not this one.