The account is a 120 day notice account with variable interest at 1.08 per cent. However, while this is a notice account, it comes with a variable rate label and it has left you frustrated. But saying that, Zopa Bank has just launched a 31 day notice account paying 1.15 per cent and a 95 day notice account paying 1.25 per cent. The 120 Day notice savings accounts are variable rates but they do not track the Bank of England base rate. So for example, a bank have the 'ABC 30 Day Notice' and then launch the 'XYZ 30 Day Notice' to pay a different rate.

Source: Daily Mail April 01, 2022 20:15 UTC