Notice Accounts

janusdesign

for those that have the FirstSave 90 Day Notice (Jun23) account, I was reading the t&c and it says you can make immediate withdrawals but at a cost (seemingly based on the amount and 90-day's interest at the current rate).

i'm curious as to whether, on the withdrawal page, it tells you what the cost would be of withdrawing immediately - i'm assuming it must do.

SuzzleBumpkin

Wheres_My_Cashback said:

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

Very good indeed. They don’t do the “new issue at a higher rate milarkey” at all. Everyone gets the new rate and they’ve increased it very often, usually every month, since the BoE rate has been rising. They are currently above the BoE rate which is fantastic. I’ve been very happy with them. 

soulsaver

RCI E-Volve £1k min 14 Day Notice ac 4.30% RCI Bank E-Volve Savings 14 Day Notice Account | RCI Bank

aaj123

janusdesign said:

for those that have the FirstSave 90 Day Notice (Jun23) account, I was reading the t&c and it says you can make immediate withdrawals but at a cost (seemingly based on the amount and 90-day's interest at the current rate).

i'm curious as to whether, on the withdrawal page, it tells you what the cost would be of withdrawing immediately - i'm assuming it must do.

Still this is a refreshingly good account as not only is it the highest paying at this time, it also doesn't have the annoying issue  numbers so will likely reflect a good rate consistently. Also, as you say one of the less common types that allow immediate access for a penalty. Cynergy..begone.

https://www.firstsave.co.uk/summarybox.html

Burcot

HTB only offering 4.2%. Can get better in easy access accounts now.  Stuck until end of 95 days.....unless they raise rate and pass on to holders hmm

Bobblehat

Burcot said:

HTB only offering 4.2%. Can get better in easy access accounts now.  Stuck until end of 95 days.....unless they raise rate and pass on to holders hmm

Something I noticed a few days ago illustrating your point about EA accounts...... Cynergy's EA at 4.30% beating their own 35 Day Notice Acc at 4.25% ....... ?

PhilFox1985

https://www.htb.co.uk/personal-savings/variable-rate-accounts/?utm_source=moneyfacts&utm_medium=table&utm_campaign=personal&utm_content=95day

Agree, on HTB have also invested, but now wish I'd selected a bank that was better at passing on rate improvements (pretty key).

For what it's worth the latest issue of the 95 day saver pays 4.3%. If you have the prior issue that pays 4.2% you can just email them and they'll switch, in a day or two.

janusdesign

aaj123 said:

janusdesign said:

for those that have the FirstSave 90 Day Notice (Jun23) account, I was reading the t&c and it says you can make immediate withdrawals but at a cost (seemingly based on the amount and 90-day's interest at the current rate).

i'm curious as to whether, on the withdrawal page, it tells you what the cost would be of withdrawing immediately - i'm assuming it must do.

Still this is a refreshingly good account as not only is it the highest paying at this time, it also doesn't have the annoying issue  numbers so will likely reflect a good rate consistently. Also, as you say one of the less common types that allow immediate access for a penalty. Cynergy..begone.

Cynergy 95-Day is now 5.10% - though I suppose your notice account with them mirror what you need to do with their EA accounts, e.g setup new account and then close & transfer the existing account (with I guess the full notice period) ?

Burcot

Yes I am also 'stuck' with Cynergy with old interest rate too. Although that account ends 17/7 so can transfer into another 5% acount with a better reputation for passing on interest rate early to holders. 

jimexbox

Burcot said:

Yes I am also 'stuck' with Cynergy with old interest rate too. Although that account ends 17/7 so can transfer into another 5% acount with a better reputation for passing on interest rate early to holders. 

Will Cynergy not transfer funds to a new notice account and close the old one on request?