Medium to Long Term Investment Rules

Although many instant access savings accounts (see Instant Access Savings) are available, from which funds can be withdrawn without restrictions, many savings accounts, bonds and pension schemes require that the funds are invested for a specific period of time. Usually it is only possible to withdraw funds by closing the account; alternatively you must wait until the savings scheme reaches maturity, since partial withdrawals are generally unsupported. Notice accounts on the other hand allow withdrawals, but require you to give notice beforehand. Failure to give this notice will result in penalties, such as a one-off charge or an interest-free period equal to the neglected period of notice. For more information on these rules see Notice Accounts.