30 day notice savings accounts

With many people facing financial difficulties, it is more important than ever to make sure that your bank accounts and financial planning are in order. However, it can be very hard to make sure you have the right types of savings accounts for your needs. Even once you have decided on a 30 day notice savings account, it can be hard to find the right account for you from the ones on offer.

To make sure you get the right account, simply input your details. UK financial service providers will give details of the accounts on offer, so you can compare 30 day notice savings accounts and find the one that suits you best.

What are 30 day notice savings accounts?

A 30 day notice savings account is a type of savings account where you agree to give 30 days of notice before making any withdrawals of your money. In turn, these accounts are usually offered with a higher interest rate than easy access savings accounts or other types of accounts.

Is a 30 day notice savings account a good account type?

Notice savings accounts may not be ideal for every person or every saving situation. Having to give 30 days notice on your withdrawals means that you cannot easily use the savings in case of an emergency. If you want to use your savings for an emergency, it may be more beneficial to choose an easy access savings account.

Do 30 day notice savings accounts have fixed rate interest?

The interest rate depends mostly on the bank or building society that is offering it. Some may be fixed rate interest, meaning the interest rate will not change. However, some may be a variable interest rate, meaning the interest rate could go up or down. This is why it is a good idea to compare 30 day notice savings accounts.

Are 30 day notice savings accounts safe?

As with many UK savings accounts, 30 day notice savings accounts are usually protected by the Financial Services Compensation Scheme. The FSCS protects up to £85000 per person, per financial institute, in case the financial institution goes bust.

Is there a minimum deposit amount for a 30 day notice savings account?

Depending on the financial service provider, you may find that some 30 day notice savings accounts have a minimum deposit amount. Some may also have a maximum deposit amount. To find one that suits you, compare 30 day notice savings accounts.

Are there other types of notice savings accounts?

As well as 30 day notice savings accounts, you can often find notice accounts with longer notice periods, usually up to 90 days. Usually having a long notice period will mean you get a higher interest rate.

Will I get interest during the notice period?

Usually, most 30 day notice accounts will continue to gain interest on money during the notice period. However, it is important to compare 30 day notice savings accounts to check if the one you are considering offers this.