Notice Accounts

Zaul22

Vanquis 90 day is now above RCI. No idea if they are any good.

SuzzleBumpkin

some updates. My BLME 90 day ac is now up to 5.09%. My FirstSave ac (90 or 95 day - can’t remember) is up to 4.89 Gross. I think it’s 5% AER. I discovered that by accident when I checked my account. FS haven’t actually notified me yet. CHIP E.A. Is up to 4.21%. My Oak North 90 day up to 4.45%.

SuzzleBumpkin

SuzzleBumpkin said:

some updates. My BLME 90 day ac is now up to 5.09%. My FirstSave ac (90 or 95 day - can’t remember) is up to 4.89 Gross. I think it’s 5% AER. I discovered that by accident when I checked my account. FS haven’t actually notified me yet. CHIP E.A. Is up to 4.21%. My Oak North 90 day up to 4.45%.

Yay! I got my FS email. Rate increase to 5% AER. So 2nd best market leader after BLME. (apart from Mansfield which is not available to new customers)

BigBlueSky

What is everyone's opinion of the 180 day notice tracker from United Trust Bank (UTB) ?

It will track the Bank of England base rate for the duration of holding the account.  Currently 5%

ForumUser7

BigBlueSky said:

What is everyone's opinion of the 180 day notice tracker from United Trust Bank (UTB) ?

It will track the Bank of England base rate for the duration of holding the account.  Currently 5%

Good spot. I was lucky enough to secure Hanley BRT, and Newcastle BRT (Skipton too). I would prefer to deal with the postal service for Hanley, or even 0.7% below for Newcastle BRT than have to give 180 days notice - I never really think that far ahead - even 30 day notice accounts I hold are pushing it for me. That said, for those who can think that far ahead, this would probably be a good account to secure.

BigBlueSky

ForumUser7 said:

BigBlueSky said:

What is everyone's opinion of the 180 day notice tracker from United Trust Bank (UTB) ?

It will track the Bank of England base rate for the duration of holding the account.  Currently 5%

Good spot. I was lucky enough to secure Hanley BRT, and Newcastle BRT (Skipton too). I would prefer to deal with the postal service for Hanley, or even 0.7% below for Newcastle BRT than have to give 180 days notice - I never really think that far ahead - even 30 day notice accounts I hold are pushing it for me. That said, for those who can think that far ahead, this would probably be a good account to secure.

I have the Hanley and Newcastle also.

Thinking of maybe going for this and immediately giving the 180 days notice, so it is there ready if I need the funds.  If not, I can cancel (if they allow) or pay back in at that time should I wish to continue for a further 6 months and repeat.  That's what I normally do with the notice accounts.

SuzzleBumpkin

BigBlueSky said:

What is everyone's opinion of the 180 day notice tracker from United Trust Bank (UTB) ?

It will track the Bank of England base rate for the duration of holding the account.  Currently 5%

I’ve got the Mansfield Tracker. (No longer available). I’ve been very happy with it. If it’s FSCS affiliated then it’s a good option. Always check if they’re on the FCA register first, though. https://register.fca.org.uk/s/

Bridlington1

BigBlueSky said:

ForumUser7 said:

BigBlueSky said:

What is everyone's opinion of the 180 day notice tracker from United Trust Bank (UTB) ?

It will track the Bank of England base rate for the duration of holding the account.  Currently 5%

Good spot. I was lucky enough to secure Hanley BRT, and Newcastle BRT (Skipton too). I would prefer to deal with the postal service for Hanley, or even 0.7% below for Newcastle BRT than have to give 180 days notice - I never really think that far ahead - even 30 day notice accounts I hold are pushing it for me. That said, for those who can think that far ahead, this would probably be a good account to secure.

I have the Hanley and Newcastle also.

Thinking of maybe going for this and immediately giving the 180 days notice, so it is there ready if I need the funds.  If not, I can cancel (if they allow) or pay back in at that time should I wish to continue for a further 6 months and repeat.  That's what I normally do with the notice accounts.

Thanks @BigBlueSky for pointing this out. I've now opened the account, a £1 test deposit is on its way to it and am waiting for my username to arrive in the post.

I seem to have got quite a collection of tracker accounts these days having already got the Mansfield 90 day notice tracker (branch/post version), HEBS tracker, Newcastle tracker (0.7% below the base rate) and 2 Skipton trackers (0.9% and 1.1% below the base rate) but this will be the highest one I have that pays the base rate and doesn't require cheques to make withdrawals.

Since there's no minimum balance I will likely give it a few months and then put notice to withdraw the full amount so that I can keep the account in case it comes in useful later on (I hope to buy my first home in a year or so so the £5k minimum deposit will most likely be needed then). I'd say opening the account and putting notice to withdraw straight away would be a good idea though.

Just a heads up, when applying you need to set the initial deposit amount to 0 before you can proceed with the application, other than that it's a pretty straightforward application in which you get your account details immediately.

SuzzleBumpkin

Why trackers are so good… Schroder’s predict peak rates by Q1 next year before they start coming down a bit. So trackers are a really great bet for the next 6 to 8 months at least. There always seems to be a lag with other types of notice accounts. 

Wheres_My_Cashback

How good are BLME at passing on rate increases on their notice accounts ?