Notice Account

Notice accounts are ideal for those that can plan ahead for when they need access to their money.

Church and Charity Reserve Account (0.50% Gross/AER)

Interest rates viewable here.

  • Accounts available to registered churches and charities only (hereafter referred to as charities).
  • Minimum balance £20,000 to attain the specified interest rate, balances below £20,000 will revert to the prevailing No Notice Account interest rate detailed within the Bank’s organisation’s interest rate information.
  • Interest is payable from the date of receipt of all deposits, calculated daily and paid annually.
  • Deposits by post, standing order or your own internet banking.
  • Withdrawals by telephone banking with funds transferred to a nominated Bank  account in your own name or written instructions by post. In all instance's withdrawals will only be made to another account in the charities name. You may also request cheque withdrawals payable to the same charities name.
  • One withdrawal of up to £10,000 is permitted without notice in a rolling 90 day period. Any additional withdrawals or withdrawals for more than £10,000 require 90 days’ notice.

How to Apply

Summary box for the

Church and Charity Reserve Account (0.50% Gross/AER)

What is the interest rate?

On balances above £20,000, interest accrues on the daily balance at the rate 0.50% AER.

If the balance falls below the minimum balance the interest will be 0.01% until the balance goes above £20,000 or the account is closed.

Balance Gross AER
£1 to 19,999 0.01% 0.01%
£20,000+ 0.50% 0.50%

Interest is compounded to the account on the 31st December each year.

Can Kingdom Bank change the interest rate?


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, even though this is a Bank Managed Rate, 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 £20,000 when you open the account, the balance after 12 months will be £20,100.

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?


Churches / Charities registered on the Charity Commission website, exempted charities can request this account. We will not unreasonably withhold the account unless we are not able to adequately identify the charity and its representatives.

You must open and maintain a balance of at least £20,000 to attract the higher rate of interest.

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.


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?

We permit one withdrawal of up to £10,000 without notice in a rolling 90 day period. All additional withdrawals and withdrawals over £10,000 require 90 days’ notice.

All withdrawals should be submitted in writing or using telephone banking (where we have been provided a nominated bank account in your own name for withdrawals, in writing, and memorable details have been provided by signatories). Written instructions by the post will also be accepted.

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.

No charges or penalties (except those referred to in out terms and conditions where we permit early withdrawal at our discretion and any charges on transfer before maturity or notice period served) apply to these accounts.

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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