Business Account Savings and accumulated money

[THEPUMA]

Find & Compare the best Business Deposit Savings Accounts | Business Notice Accounts

[Lewis]

Find & Compare the best Business Deposit Savings Accounts | Business Notice Accounts

I'm looking at the SecureTrust 120 notice account. 3% is worth it for me. Does anyone have any experience with them?

[NorthWestPerm2Contr]

I'm looking at the SecureTrust 120 notice account. 3% is worth it for me. Does anyone have any experience with them?

Yes I definitely agree with you there. Especially when they are saying only £1000 required. means I can immediately start making money on 20k+. I need some reviews and to be satisfied that they aint gonna take my money before I can sign up...

[ChimpMaster]

The Santander Reward Saver has quite a few caveats, including:

• A bonus rate of 1% for the first 12 months, i.e. for the 2nd years the rate will be 1% instead of 2%.
• A slightly lower rate of 1.84% for the year if you make only 1 withdrawal in the first 12 months.
• A rate of just 0.1% for any month in which you withdraw money.

Still better than Barclays though!

[NorthWestPerm2Contr]

The Santander Reward Saver has quite a few caveats, including:

• A bonus rate of 1% for the first 12 months, i.e. for the 2nd years the rate will be 1% instead of 2%.
• A slightly lower rate of 1.84% for the year if you make only 1 withdrawal in the first 12 months.
• A rate of just 0.1% for any month in which you withdraw money.

Still better than Barclays though!

The best one from the list for me personally is Safron. Although 1.5% it has none of this notice BS and reduced interest rates for withdrawing etc.

[Lewis]

The Santander Reward Saver has quite a few caveats, including:

• A bonus rate of 1% for the first 12 months, i.e. for the 2nd years the rate will be 1% instead of 2%.
• A slightly lower rate of 1.84% for the year if you make only 1 withdrawal in the first 12 months.
• A rate of just 0.1% for any month in which you withdraw money.

Still better than Barclays though!

I phoned them. The rate goes down proportionally after each withdrawal (and as stated above down to 0.1% for the month of withdrawal) such that after 12 withdrawals you will be down to 0.1%. e.g. you start on 2% go down to 1.84% after 1st withdrawal (after the 0.1% month) then down to around 1.6% after second withdrawal etc.. etc.. You really need to keep the money in there to get a decent rate.

[NorthWestPerm2Contr]

I phoned them. The rate goes down proportionally after each withdrawal (and as stated above down to 0.1% for the month of withdrawal) such that after 12 withdrawals you will be down to 0.1%. e.g. you start on 2% go down to 1.84% after 1st withdrawal (after the 0.1% month) then down to around 1.6% after second withdrawal etc.. etc.. You really need to keep the money in there to get a decent rate.

So in that case my previous comment was pretty much spot on - i.e. the above building society keeps you at a good rate and you don't have to have a huge sum in there nor do you have to watch withdrawals etc.

[Mr.Whippy]

So in that case my previous comment was pretty much spot on - i.e. the above building society keeps you at a good rate and you don't have to have a huge sum in there nor do you have to watch withdrawals etc.

I plan on keeping my in there untouched until I need it at which point I'll take the whole lot out and put what I don't need into something else with a decent rate..... Or moving it after the 1 year bonus ends... whichever comes first.