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Withdrawing from notice saving account

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  • slinger2
    slinger2 Posts: 1,005 Forumite
    500 Posts First Anniversary Name Dropper
    @Ayr_Rage , why on earth they don't write this is simple terms ?! They like to keep it complicated so we can fall into their trap I'd guess. This is the reason why I've asked here, I was hoping someone else is in the same situation.
    It's still not clear to me if I can withdraw before the 16th of Dec and get the interest earned until that day or I have to give them 90 days notice?!
    Their T&C:
    If we reduce the interest rate that applies to a notice account then we will tell you about the change at least 14 days plus the account’s notice period before the change takes effect. The  additional notice we give you will ensure that you have sufficient time to exercise your rights to close the account (without loss of interest or additional charges) before the reduction in the interest rate comes into effect.
    Clearly they didn't tell us at least 14 days plus the account notice about the interest cut, mine is 90 days but they will reduce the interest from 16th of December?!
    It's important to note that the T&Cs that apply to you are those that applied at the time you opened the account (and as later modified)
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