60-Day Notice Deposit Account

Save now, access later, earn more.

This account allows you to save now, earn a higher interest rate and access your savings at a later date.

Summary

Details

The interest rate on this account is 0.30% Gross/AER.

Changes to the rates will become effective on the working day following the announcement of a change in the Base Rate and will be notified in accordance with the General Terms and Conditions.

Interest accrues on the daily balance at the rate notified to you from time to time and is compounded to the account at the end of each month.

Yes. As this account is linked to the Bank of England base rate, it can change over time. Changes to the rates will become effective on the working day following the announcement of a change in the Bank of England Base Rate.

If you deposit £1,000 when you open the account, the balance after 12 months will be £1,003.

If you deposit £5,000 when you open the account, the balance after 12 months will be £5,015.

If you deposit £25,000 when you open the account, the balance after 12 months will be £25,075.

This assumes:

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

A minimum deposit of £1 is required when opening an account.

Once a fully completed application form is received in the post and the necessary checks have been carried out by our team, we will be delighted to open your account with us.

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.

Deposits can be added at any time by online banking, standing order or post.

Information can be requested via online banking or over the phone. If you would like to make a withdrawal, this can be arranged via online banking, over the phone or by post.

Yes. You can make withdrawals from this account by giving 60 days’ notice and there is no charge for doing so.

On request, we may permit withdrawal at shorter notice. This is at the Bank’s discretion and there will be a charge in accordance with our Terms and Conditions.

You can either request a withdrawal via online banking, through telephone banking or by sending a letter/withdrawal request in the post.

All withdrawals must be made to an account in the same name.

No charges apply to this account (except for those referred to in our terms and conditions, where we permit early withdrawal at our discretion with charges on transfer before notice period served).

‘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.

Details

The interest rate is a bank managed rate of 0.25% Gross/AER.

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

Interest is added to or deducted from the account on the 31st December each year.

Yes.

As this account pays a variable rate of interest it can change over time and the general  terms and conditions explain how this happens. We will always let you know of any planned changes to the rate. For example, we may review our interest rates if the Bank of England base rate changes.

If you deposit £1,000.00 when you open the account, the balance after 12 months will be £1,002.50.

This assumes:

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

A minimum deposit of £1 is required when opening an account.

You can either apply for an account through our website, by clicking here or alternatively you can download an application form to complete and post to us. This form can be found here. If you would like us to send you an application form in the post, please get in touch.

Once a fully completed application form is received in the post and the necessary checks have been carried out by our team  we will be delighted to open your account with us.

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.

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

You can register for online banking which will allow you to manage your account online. Alternatively this account offers a telephone banking functionality.

All withdrawals are made to a nominated account, either via online banking or by calling us. You are also able to request withdrawals in writing.

Yes.

You can make withdrawals from this account by giving 32 days’ notice and there is no charge for doing so.

All withdrawals must be made to an account in the same name.

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.

You can also call us on 0115 921 7260 to begin setting up your account.