Notice or Instant Access?

Published / Last Updated on 20/10/2002

If you asked, most people would tell you that you get a better interest rate by having a notice period attached to your bank account.

Whilst this has been the case for years, recent research by the Research Department has shown the gap between instant access and notice accounts closing.  According to the Research Department, amongst the higher paying accounts, more of them were instant access than notice.

This is increasingly happening as lots of accounts are operated through the internet and are less costly to operate by the account provider.   Savings are therefore passed on to the customer.

A tip from - shop around for the best rate.  Check your existing accounts to make sure they are paying what they should!

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