Deposits at Notice
Earn higher rate of interest then your Savings Deposit. These interest rates are linked to base rate and vary upon the size and currency of deposit – higher the deposit amount, higher is the interest rate.
A prior notice of withdrawal of funds is to be served as per the currency. Fresh funds can be added to Notice Deposit account at any time
Key Features
- Account can be opened by Individuals (Resident and Non Resident), Trust, Charities and Unincorporated bodies
- Minimum amount of accepting deposit under this plan is GBP10,000, USD 1,500 and Euro 1,500
- Notice period for withdrawal of deposits in GBP 45 days, in USD 2 days and in Euro 7 days
- Account can be opened in GBP, USD and in Euro currencies
- Interest is paid every six months i.e. 1st June and 1st December
- Facility available to open joint accounts
- Facility available to mark mandate
- Facility to view account balance & transactions over Internet
- Statement of account is issued every Six monthly
- Deposits are guaranteed under FSCS
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