People who make an “excessive” amount of withdrawals from their instant access
According to research by Nationwide in March, 84 per cent of people think that it is very important that their bank does not charge them for withdrawing from their
However, Moneyfacts.co.uk analyst Michelle Slade explained that the reason that banks offer such a high interest rate is they believe they will be looking after this money for a “serious” period of time.
She added: “If people are going to use it as a
Moneyfacts.co.uk found that the majority of instant access and no-notice accounts allow savers to access their money as and when they want it.
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