Bradford & Bingley launches new notice saver account

Bradford & Bingley has today launched a market-leading notice account paying up to 5.75% AER, which is ideal for savers who want to keep their savings at arms' length whilst earning a highly attractive rate of interest.

The Notice Saver account offers savers access to their money without any loss of interest after a notice period of 30 days and rewards customers with a higher rate of interest the more they save.

The Notice Saver pays a variable annual interest rate of 5.35% p.a. gross/AER on balances between £1,000 and £49,999.99, 5.60% p.a. gross/AER on balances between £50,000 and £249,999.99, and 5.75% p.a. gross/AER on balances between £250,000 and £2,000,000.

The account also offers a variable monthly interest rate of 5.22% p.a. gross (5.35% AER) on balances between £1,000 and £49,999.99, 5.46% p.a. gross (5.60% AER) on balances between £50,000 and £249,999.99, and 5.60% p.a. gross (5.75% AER) on balances between £250,000 and £2,000,000.

Paul Whitlock, head of savings at Bradford & Bingley, said: "For some people, instant access to their savings can prove too much of a temptation so this is the ideal account for those who want to keep their savings at arms length while retaining the flexibility to access their money if they need to. The account also has the added attraction of paying a higher rate of interest on higher balances, rewarding savers for their dedication to putting money away."