The Nottingham launches market-leading postal account

A new savings account offering a market-leading interest rate of 6.55%, has been launched by The Nottingham, one of the UK's leading regional building societies.

Postal Tracker 45 is a notice account catering for the needs of the experienced saver.

Its key features include a guaranteed rate of at least the Base Rate plus 0.25% until October 2009 and at least the Base Rate plus 0.10% until October 2010; the ability to open an account with an initial deposit of £1000, or more - with a maximum amount of £250,000 allowable as an investment - and the ability to manage the account remotely.

"We have got a strong track record of delivering ‘best buy' products that are popular with savers throughout the UK," commented Clare Roberts, The Nottingham's savings and investment product manager.

"The market leading rate of interest, combined with the convenience of being able to manage the account remotely, gives this account the potential to be a real winner."

Historically, The Nottingham's postal savings accounts have proved very popular with new and existing customers, with many savers attracted to the flexibility and simplicity of our overall savings proposition.

Moneyfacts, the leading weekly personal finance magazine, has given the Postal Tracker 45 savings account a four star rating. In assessing the strength of the product, it said: "It is good to see Nottingham BS adding to their existing range of savings products with this notice account. Paying 6.55% it is one of the top paying notice accounts."