Notice Account

The Notice Account is a variable rate savings account which requires written notice for any withdrawals. Available in Sterling and US Dollar currencies with a range of notice periods to choose from.

Notice Account

The Notice Account is a variable rate savings account which requires written notice for any withdrawals. Available in Sterling and US Dollar currencies with a range of notice periods to choose from.

 

     Apply     

 

  • Variable rate savings account which requires written notice for any withdrawals
  • Available in Sterling and US Dollar currencies
  • A choice of notice periods to choose from: 31 Days and 95 Days
  • Interest is paid quarterly
  • Annual statement to help track your savings
  • Online Banking and Telephone Banking to manage your money

 

  • Cheque books or cards are not available on Notice Accounts.
  • Standing Orders or Direct Debits are not permitted on Notice Accounts. You may only make withdrawals, including closure, providing the required Notice Period of the Account is given. If insufficient notice for a withdrawal request is given, we will withhold the money until the full Notice Period is completed.
  • The Notice Period starts from the date of receipt of your notification for the amount specified. Your money will continue to earn interest in the Account up to the date of withdrawal.
  • You are solely responsible for placing notice of withdrawal, on an Account, as required. Under no circumstance will the Bank automatically apply notice on an Account.
  • Notice may be given in writing by signed letter or by using Online Banking or Telephone Banking
  • Notice to close an Account is taken on the balance in the Account at the time notice is placed. Additional funds may not be added after this time unless the closure request is withdrawn.
  • The amount covered by an existing notice instruction may be reduced or cancelled at any time prior to the date of withdrawal, without incurring a penalty. This may be given in writing by signed letter or by Online Banking or Telephone Banking
  • If you wish to pay the money from a Notice Account to a different financial institution, you must provide us with a separate instruction to the notice instruction. If we do not receive an instruction to pay away the money from your Notice Account before the Notice Period expires, the notice will lapse.
  • You are not permitted to increase the amount of a notice instruction during the Notice Period. If you wish to withdraw additional funds you are required to give a new notice instruction for the extra sum required.
  • Confirmation of the notice and the expiry date of the Notice Period will be sent to you in writing.
  • The Notice Period will be waived if you are transferring money to another Account with us, which has an equivalent or greater Notice Period. This is unless the Account to which money is being transferred specifically excludes this facility.
  • If transferring money to an Account with a lesser Notice Period, you only need to give the differential in the Notice Periods.

Please refer to the General Terms and Conditions for the Notice Account.

 

Subject to availability and may be withdrawn without notice. Rates and information correct as at 18 February 2020.

Channel Islands and Isle of Man residents

Island 31 Day Notice Account - Sterling

31 days' notice is required for withdrawal. The minimum balance requirement is £25,000.

Interest rates are effective from 20 March 2020.

Minimum balance to earn interest rate Gross rate p.a. (variable) Interest paid quarterly Annual Equivalent Rate (AER) (variable)
£25,000 - £74,999 0.10% 0.10%
£75,000 - £999,000 0.45% 0.45%
£1,000,000+ Please contact us.*

Island 31 Day Notice Account - US Dollar

31 days' notice is required for withdrawal. The minimum balance requirement is $25,000.

Interest rates are effective from 20 March 2020.

Minimum balance to earn interest rate Gross rate p.a. (variable) Interest paid quarterly Annual Equivalent Rate (AER) (variable)
$25,000 - $74,999 0.40% 0.40%
$75,000 - $999,000 0.45% 0.45%
$1,000,000+ Please contact us.*

Island 95 Day Notice Account - Sterling

95 days' notice is required for withdrawal. The minimum balance requirement is £25,000.

Interest rates are effective from 20 March 2020.

Minimum balance to earn interest rate Gross rate p.a. (variable) Interest paid quarterly Annual Equivalent Rate (AER) (variable)
£25,000 - £74,999 0.35% 0.35%
£75,000 - £999,999 0.70% 0.70%
£1,000,000+ Please contact us.*

Island 95 Day Notice Account - US Dollar

95 days' notice is required for withdrawal. The minimum balance requirement is $25,000.

Interest rates are effective from 20 March 2020.

Minimum balance to earn interest rate Gross rate p.a. (variable) Interest paid quarterly Annual Equivalent Rate (AER) (variable)
$25,000 - $74,999 0.50% 0.50%
$75,000 - $999,999 0.55% 0.55%
$1,000,000+ Please contact us.*

Interest rates

AER stands for Annual Equivalent Rate and shows what the interest rate would be if we paid interest and added it to your account each year. The gross rate is the rate payable where interest is paid without the deduction of tax. If a negative interest rate applies to your account, this will be calculated on the same basis as credit interest.

*If you have a balance in excess of £/€/$ 1 million with us we offer a personalised service – please contact us so we can understand your banking needs.

 

International customers

31 Day Notice Account - Sterling

31 days' notice is required for withdrawal. The minimum balance requirement is £25,000.

Interest rates are effective from 20 March 2020.

Minimum balance to earn interest rate Gross rate p.a. (variable) Interest paid quarterly Annual Equivalent Rate (AER) (variable)
£25,000 - £74,999 0.10% 0.10%
£75,000 - £999,000 0.45% 0.45%
£1,000,000+ Please contact us.*

31 Day Notice Account - US Dollar

31 days' notice is required for withdrawal. The minimum balance requirement is $25,000.

Interest rates are effective from 20 March 2020.

Minimum balance to earn interest rate Gross rate p.a. (variable) Interest paid quarterly Annual Equivalent Rate (AER) (variable)
$25,000 - $74,999 0.15% 0.15%
$75,000 - $999,999 0.40% 0.40%
$1,000,000+ Please contact us.*

95 Day Notice Account - Sterling

95 days' notice is required for withdrawal. The minimum balance requirement is £25,000.

Interest rates are effective from 20 March 2020.

Minimum balance to earn interest rate Gross rate p.a. (variable) Interest paid quarterly Annual Equivalent Rate (AER) (variable)
£25,000 - £74,999 0.35% 0.35%
£75,000 - £999,999 0.70% 0.70%
£1,000,000+ Please contact us.*

95 Day Notice Account - US Dollar

95 days' notice is required for withdrawal. The minimum balance requirement is $25,000.

Interest rates are effective from 20 March 2020.

Minimum balance to earn interest rate Gross rate p.a. (variable) Interest paid quarterly Annual Equivalent Rate (AER) (variable)
$25,000 - $74,999 0.20% 0.20%
$75,000 - $999,999 0.50% 0.50%
$1,000,000+ Please contact us.*

Interest rates

AER stands for Annual Equivalent Rate and shows what the interest rate would be if we paid interest and added it to your account each year. The gross rate is the rate payable where interest is paid without the deduction of tax. If a negative interest rate applies to your account, this will be calculated on the same basis as credit interest.

*If you have a balance in excess of £/€/$ 1 million with us we offer a personalised service – please contact us so we can understand your banking needs.

 

 
 

Ways to apply

Online

Complete our short online account enquiry form

Phone

Customer Service team 08000 84 28 88

Jersey branch +44 (0) 1534 885 000

Isle of Man branch +44(0)1624 641 888

 

Lines are open 9am – 5pm UK time, Mon to Fri (except Wed when we open at 9.30am)

Post

Download and print our PDF application form and return to us.

 

Download an application form

In branch

Visit our branch

19-21 Prospect Hill
Douglas, Isle of Man, IM99 1ZZ

 

Connect with us

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