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Notice Accounts
Fixed-term deposit accounts
If you are looking to gain higher returns on your savings, but do not want to lock away your surplus funds for long periods of time, then Notice Accounts could be suitable for you. You can choose from 7, 14 or 30 day notice periods.
Liquidity Manager Notice Accounts are available in 3 different notice periods: 7 Days, 14 Days and 30 Days. The term which is right for you will depend on how flexible you need your funds to be
You will be able to withdraw your funds with no fee, when providing the relevant 7, 14 or 30 Day notice period before withdrawal. If you require access to your funds before the relevant notice period has elapsed then you can do so, but you will incur an early withdrawal fee. This fee will be equivalent to the interest you would have earned during the notice period
Setting up an account is straight forward and you can apply straight away.
- Available as 7, 14 and 30 Day notice periods
- Interest is calculated on your daily balance. Interest paid will be applied on the last Business Day of each month and calculated on the Business Day before
- No minimum or maximum balances apply
- Higher interest rates apply for longer term Notice Accounts
- Higher interest rates apply to higher balances
- An early withdrawal fee will apply when accessing funds without giving the full appropriate notice period
The interest rate that you receive will be dependant on the notice period you selected, as well as the balance in your account.
| 7 Day Notice Account | |||
|---|---|---|---|
| Amount | % Gross | % AER | % Net |
| £0 - £24,9999 | 0.30 | 0.30 | 0.24 |
| £25,000 - £99,999 | 0.35 | 0.35 | 0.28 |
| £100,000 - £249,999 | 0.40 | 0.40 | 0.32 |
| £250,000 - £999,999 | 0.45 | 0.45 | 0.36 |
| £1,000,000 - £1,999,999 | 0.50 | 0.50 | 0.40 |
| £2,000,000 - £4,999,999 | 0.50 | 0.50 | 0.40 |
| £5,000,000+ | 0.55 | 0.55 | 0.44 |
| Current rates of interest effective from 17 November 2009 | |||
| 14 Day Notice Account | |||
|---|---|---|---|
| Amount | % Gross | % AER | % Net of Tax |
| £0 - £24,9999 | 0.40 | 0.40 | 0.32 |
| £25,000 - £99,999 | 0.45 | 0.45 | 0.36 |
| £100,000 - £249,999 | 0.50 | 0.50 | 0.40 |
| £250,000 - £999,999 | 0.55 | 0.55 | 0.44 |
| £1,000,000 - £1,999,999 | 0.60 | 0.60 | 0.48 |
| £2,000,000 - £4,999,999 | 0.60 | 0.60 | 0.48 |
| £5,000,000+ | 0.65 | 0.65 | 0.52 |
| Current rates of interest effective from 17 November 2009 | |||
| 30 Day Notice Account | |||
|---|---|---|---|
| Amount | % Gross | % AER | % Net of Tax |
| £0 - £24,9999 | 0.55 | 0.55 | 0.44 |
| £25,000 - £99,999 | 0.60 | 0.60 | 0.48 |
| £100,000 - £249,999 | 0.65 | 0.65 | 0.52 |
| £250,000 - £999,999 | 0.70 | 0.70 | 0.56 |
| £1,000,000 - £1,999,999 | 0.75 | 0.75 | 0.60 |
| £2,000,000 - £4,999,999 | 0.75 | 0.75 | 0.60 |
| £5,000,000+ | 0.80 | 0.80 | 0.64 |
| Current rates of interest effective from 17 November 2009 | |||
Note: You will need to provide the relevant notice to withdraw your funds if you do not wish to incur an early withdrawal fee. If you are unable to give the required notice and require earlier access to your funds, then you will incur an early withdrawal fee. This fee will be equivalent to the interest you would have earned during your notice period.
Interest rates are subject to variation
Annual Equivalent Rate (AER) - illustrates what the interest rate would be if paid and compounded each year.
Net Rate - is the interest rate paid after deduction of tax.