12 Month Notice Account - Bank and Clients

12 Month Notice Account

Bank and Clients
1.6 % AER
Headline Interest Rate
365 days notice
FSCS
Compensation Scheme
£ 1,000 min initial deposit
£ 1,000,000 max balance
  • Open By:

About the account

Account Type: Notice Account
Headline Interest Rate: 1.6 % AER
Headline Interest Balance: £ 1,000
Protection Scheme: This account is covered by the Financial Services Compensation Scheme.
Minimum Initial Deposit: £ 1,000
Date account was introduced: 01 Jun 2017
Date of last rate changed: 01 Jun 2017
Maximum rate change: 0.25 %

This account may be appropriate for you if

  • Your are happy to give 365 days notice before accessing your money
  • You are over 16 years of age

Rate details

Gross Rate
Excluding Bonus
Gross Rate
Including Bonus
AER
£1,0001.60%1.60%1.60%

Account access

Open account byManage account by
Bank
Post
Phone
Internet
Interest Payment Option
Interest Added to Account
Interest Paid to Other A/c
Interest Paid to Bank A/c
Interest Paid by Cheque
Interest Payment Frequency: annually
Minimum Balance: £ 1,000
Maximum Balance: £ 1,000,000
Statement Frequency: annually
Additional Deposits: Not allowed
Standing Orders: Not allowed

Withdrawals

Withdrawal Conditions: Withdrawals and closure permitted subject to 12 months notice.
Minimum Withdrawal: £ 1
Notice and Penalty Charge: Withdrawals are subject to 12 months notice.
Free Withdrawal Conditions: Free withdrawals are not permitted.

Conditions

Trustee Types: This account can be opened by someone on behalf of someone else or by a formal trust. The account is available to UK trusts only.
Additional Subscriptions Permitted: This account does not let you transfer ISA savings from a deceased spouse

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