Notice accounts - 95 days notice

Financial Chat
1

Hi - can anyone explain how a 95 day notice account would work? For example, if I knew I was going to save £100 a month for the next 12 months.

Could I give 3 months notice on month 9 and still invest and earn the interest in the last 3 months and get the full benefit on month 12 when I take my cash out?

Or, once I give notice is my account ‘frozen’ - for want of a better phrase.

Lee

3

You would give 95 days noticed to make a withdrawal. After the 95 days you can access the amount you require.

Interest is paid up until you make a withdrawal.

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4

You can usually only give notice to withdraw the amount that’s already in the account. So if you continue to invest and earn interest, to withdraw that extra you’d have to give another 90 day notice