Key features of a sterling 60 Day Notice account
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Apply to open a 60 Day Notice account today |
Our 60 Day Notice account provides a higher rate of return in exchange for giving us a clearer indication of when you're likely to withdraw funds. To give you extra flexibility, we provide one penalty free withdrawal of up to £10,000 per financial year. |
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| Interest rates | Competitive rates of interest paid gross*. Our interest rates are tiered, so the more you save, the higher your return. |
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| Access | You always
have easy access to your money. You have the option to
set 60 days notice for a withdrawal, or, if you want instant access
to your funds, you can opt for a sixty day interest penalty on the
amount being withdrawn. When notice is given, funds must be withdrawn on the due date or within 10 calendar days after the due date. One immediate withdrawal, without loss of interest, of up to £10,000, is available each financial year (1 April - 31 March) |
| Additions | You can deposit additional funds into the account whenever you want |
| Minimum balance | £1 (£1,000 for monthly interest accounts) |
| Maximum balance | £1 million |
| Interest options | Annual interest - paid on the 31 March Deferred interest - should you wish, you can capitalise your deferred interest in part, or in full once per financial year (1 April - 31 March). All accrued interest is paid when the account is closed. This interest will be added to the capital value of the account. |
| Operating your account | You can operate your account by post, telephone, fax, and, when registered, by our Internet Banking service. |
| Other information | Deposits of £1,000
and over, and all withdrawals are acknowledged immediately. Deposits
for less than £1,000 are acknowledged by way of a monthly statement,
unless you specifically request an immediate confirmation
You can choose to receive a statement monthly, quarterly, half-yearly or annually. There is no charge for additional statements You can have up to four account holders per account |
*All interest rates are quoted gross. Interest paid or credited in respect of accounts held by certain individuals may be subject to a retention tax in accordance with the arrangements under Isle of Man law for the implementation of equivalent measures to the EU Savings Tax Directive.