Notice Account

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

Postal 60+ (0.50% - 0.95% Gross/AER)

Interest rates viewable here.

  • Deposits can be made by post, standing order or your own internet banking at any time
  • Interest is payable from the date of receipt of all deposits
  • Minimum balance £1
  • All withdrawals are subject to 60 days’ notice
  • Withdrawals can be instructed by post or by telephone
  • Telephone withdrawals will be paid into a pre-nominated bank account
  • Postal withdrawals can be made by bank transfer or cheque. 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.
  • Interest calculated daily and paid monthly
  • Interest may be added to the account or withdrawn

How to apply

Personal Savings Allowance

From 6 April 2016, individuals earn interest on their savings tax free up to a certain amount. The allowance depends on the individual's income: basic rate tax payers are able earn up to £1,000 in savings interest tax free and higher rate tax payers are able to earn £500 tax free. Additional rate tax payers do not have a Personal Savings Allowance.

Kingdom Bank pays all savings interest gross - meaning that there is no tax deducted.

This means that individuals who exceed their Personal Savings Allowance, or who do not have one, will owe tax on some, or all, of their savings interest. For more information please see the latest Government information at www.gov.uk/government/publications/personal-savings-allowance-factsheet, or contact HMRC at www.gov.uk/contact-hmrc or on 0300 200 3310.

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