The best rate in the fixed rate savings chart overall came from Gatehouse Bank, with its Fixed Term Green Saver paying an expected profit rate of 1.40% gross on anniversary on a five-year term. This account requires a £1,000 minimum deposit to open. It has the incentive of Gatehouse Bank planting a tree in a UK woodland when the account is opened and funded. It must be opened and managed online.
New to the top of the three year fixed rate bond chart this week was Zopa’s 3 Year Fixed Term Savings account, which pays 0.99% gross monthly, although savers should note that interest is only available on maturity. To open this account, a £1,000 minimum deposit is needed. It must be opened online and can then be managed online and via mobile app.
Topping the notice chart this week with an account available to new customers was Moneycorp Bank, which pays 0.65% gross monthly on its 90 Day Notice Account. This account requires a £10,000 minimum deposit to open and, as well as this, savers must have or open a Deposit Account with Moneycorp Bank for transactional purposes. Further additions are allowed while the issue remains open from a minimum of £10,000. Withdrawals can be made subject to 90 days’ notice. This account must be opened and managed online.
Hanley Economic Building Society had the next-best rate with its Notice 90 account paying 0.55% gross yearly from £25,000, while a higher rate of 0.65% is paid on deposits of £50,000 and a lower rate of 0.35% is paid on deposits at £100. This account, however, has localised opening restrictions. Savers interest in this account can find out more by visiting our notice account chart.
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Hanley Economic Building Society has temporarily paused new lending in order to complete the final stage in the overhaul of its mortgage processing platform.
As a result, all mortgage products have been withdrawn from the direct and intermediary market with immediate effect.
According to the lender, it will focus on servicing existing applications alongside the implementation of these system enhancements.
The building society has been working with DPR since April 2020 to overhaul its entire mortgage and savings platforms.
The completion of the overhaul will result in intermediary partners being able to access a new, improved and fully functional online system.