No Notice Account

An ideal account for those who want to save for their future, but also to have access to their funds when they need it.

Call Direct (0.01% Gross/AER)

Interest rates viewable here for organisations.

  • Accounts available to charities, associations, businesses and trusts
  • Minimum balance £1
  • Interest calculated daily and paid annually
  • Deposits by post, standing order or your own internet banking
  • Withdrawals by telephone banking with funds transferred to a pre-nominated account

How to Apply

Summary box for the

Non-Personal Call Direct (0.00% Gross/AER)

What is the interest rate?

Interest accrues on the daily balance at the rate notified to you from time to time.

Your balance Annual interest:

Balance Gross AER
£1+ 0.00% 0.00%

Interest is compounded to the account on the 31st December each year. The interest rate is a bank managed rate of 0.10%

Can Kingdom Bank change the interest rate?

Yes.

As this account pays a variable rate of interest it can change over time. We’ll always let you know of any planned changes to the rate. Our account conditions explain when and how we do this. For example we might review the interest rate if the Bank of England base rate changes.

What would the estimated balance be after 12 months?

If you deposit £1000.00 when you open the account, the balance after 12 months will be £1,000.00.

This assumes:

  • You don’t withdraw any money and interest is paid into this account.
  • The interest rate stays the same.
  • You don’t add any more money.

How do I open and manage my account?

Opening:

You must open the account with at least £1.

No account can be opened until a correctly completed, signed and dated application form is received in the post together with our other standard account opening forms and our performing all preliminary identification and other checks to our satisfaction. We will also require a completed and signed Mandate form.

Managing:

This is an instant access savings account with telephone banking functionality. All withdrawals are made to a nominated account (set up on account opening) by calling the bank and completing the security procedure using memorable details and characters from a password.

Deposits can be added at any time, by post, standing order or your own internet banking.

As with all accounts for organisations, there are some rules:

  • All instructions should be authorised by the correct number of signatories, in accordance with the latest Mandate.
  • If you change your mind, you can advise us in writing and we will cancel the account free of charge within 14 days of opening.

Can I withdraw money?

Yes.

You can make two withdrawals from this account per calendar month and there is no charge for doing so.

All withdrawals must be made to an account in the same name. We will not permit a withdrawal to a third party by any method.

Additional information

Savings terms explained

AER stands for Annual Equivalent Rate. Whenever you see an advert for a savings account which shows an interest rate, you will see the AER. This means you can use the AER to compare accounts. It shows what the interest rate would be if your interest was paid and compounded once each year.

For more definitions, view our savings glossary.

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