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Savings & Investments
30 Day Notice Account
We've all had something important to save for but often don't want the temptation to dip into your savings every once in a while. Our 30 Day Notice Account is ideal as it helps you to keep those savings locked away until you need them but has the additional benefit of allowing you access to your funds if you need it. This account has all the benefits of unlimited access, subject to 30 Days Notice, higher rates for higher balances and can be operated by post or through your local branch.
| Summary Box Key Product Information for our Savings Account(s) |
|
|---|---|
| Account Name | 30 Day Notice Account |
| Interest Rates (AERs) | See the "How much interest will I earn?" table below. |
| Tax Status | The gross rate(s) of interest shown will be payable net of the appropriate rate of income tax (which may be reclaimed by non-taxpayers) or, subject to the required certification, gross. |
| Conditions for bonus payment | There is no bonus available on this account. |
| Withdrawal arrangements | Unlimited withdrawals are permitted without loss of interest subject to 30 days notice and the minimum operating balance of £5,000 being maintained. Withdrawals without 30 days notice are subject to 30 days loss of interest. Cash transactions are not permitted. |
| Access | Account can be opened online, through any of our branches or by post, and can be operated through any of our branches or by post. |
How much interest will I earn?
| Investment | Annual Interest % Gross§ p.a./AER† (Variable) |
|
|---|---|---|
| £100,000+ | 2.35 | |
| £50,000+ | 2.05 | |
| £25,000+ | 2.00 | |
| £10,000+ | 1.95 | |
| £5,000+ | 1.60 | |
Rates correct as at 8 April 2011.
Other Product Features:
Minimum and maximum investment and operating balance:
The minimum investment and operating balance is £5,000 and the maximum investment and operating balance is £1,000,000 (£2,000,000 for joint accounts).
When is interest paid?
Interest is paid annually on 1 June (commencing 1 June 2012).
How is interest paid?
Annual interest can either be credited to the account or transferred either to another building society/bank account or to another account held with the Society.
