Sovereign 30 Issue 3 - Cater Allen

Sovereign 30 Issue 3

Cater Allen
0.8 % AER
Headline Interest Rate
30 days notice
FSCS
Compensation Scheme
£ 5,000 min initial deposit
Unlimited max balance
  • Open By:

About the account

Account Type: Notice Account
Headline Interest Rate: 0.8 % AER
Headline Interest Balance: £ 5,000
Protection Scheme: This account is covered by the Financial Services Compensation Scheme.
Minimum Initial Deposit: £ 5,000
Date account was introduced: 22 Jul 2013
Date of last rate changed: 22 Jul 2013
Maximum rate change: 0.25 %

This account may be appropriate for you if

  • Your are happy to give 30 days notice before accessing your money
  • You are over 18 years of age

Rate details

Gross Rate
Excluding Bonus
Gross Rate
Including Bonus
AER
£5,0000.80%0.80%0.80%

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: monthly
Minimum Balance: £ 5,000
Maximum Balance: Unlimited
Statement Frequency: quarterly
Additional Deposits: Not allowed
Standing Orders: Not allowed

Withdrawals

Withdrawal Conditions: If the balance of the account is over £5,000 one withdrawal may be made, without notice, free of charge per calendar year for an amount not exceeding £2,500. Other withdrawals may be made provided 30 days notice is given. If notice is not given a charge equivalent to 30 days interest on the amount withdrawn will be deducted from the money in the account. This charge will be calculated using the net rate of interest payable on the date of withdrawal. If an account has not been open for 30 days the charge will be applied for the number of days it has been open. This condition also applies to the closure of an account.
Minimum Withdrawal: £ 1
Notice and Penalty Charge: If the balance of the account is over £5,000 one withdrawal may be made, without notice, free of charge per calendar year for an amount not exceeding £2,500. Other withdrawals may be made provided 30 days notice is given. If notice is not given a charge equivalent to 30 days net interest on the amount withdrawn will be deducted from the money in the account.
Free Withdrawal Conditions: If the balance of the account is over £5,000 one withdrawal may be made, without notice, free of charge per calendar year for an amount not exceeding £2,500.
You can only withdraw up to 2500 £ of the money in the account within this term.
You can only withdraw up to 2500.00 £ from the account in one go.

Conditions

Additional Subscriptions Permitted: This account does not let you transfer ISA savings from a deceased spouse

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