50 Day Notice Account 2 - Loughborough

50 Day Notice Account 2

Loughborough
0.4 % AER
Headline Interest Rate
50 days notice
FSCS
Compensation Scheme
£ 50 min initial deposit
£ 100,000 max balance
  • Open By:

About the account

Account Type: Notice Account
Headline Interest Rate: 0.4 % AER
Headline Interest Balance: £ 50
Protection Scheme: This account is covered by the Financial Services Compensation Scheme.
Minimum Initial Deposit: £ 50
Date account was introduced: 25 Jul 2014
Date of last rate changed: 25 Jul 2014
Maximum rate change: -0.15 %

This account may be appropriate for you if

  • Your are happy to give 50 days notice before accessing your money

Rate details

Gross Rate
Excluding Bonus
Gross Rate
Including Bonus
AER
£500.40%0.40%0.40%

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, monthly
Minimum Balance: £ 50
Maximum Balance: £ 100,000
Statement Frequency: annually
Additional Deposits: Not allowed
Standing Orders: Not allowed
Passbook: Passbook available.

Withdrawals

Withdrawal Conditions: A notice period of 50 days is required for withdrawals, if the notice period is not given an interest penalty of 50 days is applied when the withdrawal is made. Penalty-Free Withdrawals If a balance of £25,000 or more is maintained withdrawals can be made without notice or penalty. Closure is subject to 50 days notice, if the notice period is not served 50 days interest penalty will be applied. Immediate closure without notice or penalty is not permitted.
Minimum Withdrawal: £ 1
Notice and Penalty Charge: A notice period of 50 days is required for withdrawals, if the notice period is not given an interest penalty of 50 days is applied when the withdrawal is made.
Free Withdrawal Conditions: Free withdrawals are permitted. If a balance of £25,000 or more is maintained withdrawals can be made without notice or penalty.
Minimum balance for instant access withdrawals 25000

Conditions

Area Restrictions: The product is restricted to those living in the local postcode areas LE, NG , DE and existing members only.
Additional Subscriptions Permitted: This account does not let you transfer ISA savings from a deceased spouse

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