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Notice savings accounts
Hopeful2024
Posts: 1 Newbie
Basic question I suppose but why are the top notice savings accounts eg 60 day and 180 day notice, paying more interest than, for example, 1 year fixed savings accounts?
0
Comments
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Because banks expect interest rates to fall later this year. But not until April / may.2
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Notice accounts will be variable rate, so can be reduce if/when necessary.
Banks etc expect interest rates to fall within the fixed term.0
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