Supplementary Terms and Conditions for Non-Personal Base Rate Tracker Notice Accounts

Introduction

Santander International is the registered business name of Santander Financial Services plc.

These Terms and Conditions set out the rights and obligations of You (the Customer) and Santander Financial Services plc. These Supplementary Terms and Conditions for Non-Personal Base Rate Tracker Notice Accounts supplement Our published General Terms and Conditions and these documents are referred to as the ‘Aggregated Terms and Conditions’.

Together with the signed and completed application form, the Mandate contained therein and any additional conditions that apply to any products and/or services that You have, the Aggregated Terms and Conditions constitute the entire contract between You and the Relevant Branch.

When You sign the application form, You accept these Aggregated Terms and Conditions. In some places these Terms and Conditions refer to details, for example Our interest rates and charges, which We provide separately. These details also form part of the contract between Us.

In accordance with Our General Terms and Conditions (see Clause A11.4), these Supplementary Terms and Conditions maybe varied by Us.

If there is any conflict between Our General Terms and Conditions, our External Asset Managers (EAM) Online Banking service Terms and Conditions and these Supplementary Terms and Conditions, these Supplementary Terms and Conditions will prevail.

When We refer to Your ‘Account’ this means the relevant term or condition that applies to all Your Accounts, other than any excluded accounts. Where a term or condition only applies to one of Your Accounts, We make this clear.

By signing the declaration on Our application form or any other relevant form which makes reference to these Supplementary Terms and Conditions, You are confirming that You accept and fully understand the meaning of these Supplementary Terms and Conditions.

Section One – Base Rate Tracker Notice Accounts Specific Conditions

1.1 Cheque books or cards are not available on Base Rate Tracker Notice Accounts.

1.2 Standing Orders or Direct Debits are not permitted on Base Rate Tracker Notice Accounts.

1.3 The frequency of interest payments is dependent on the type of Base Rate Tracker Notice Account held. Please call Us for further details.

1.4 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 funds until the full Notice Period is completed.

On an exceptional basis and at Our discretion, We may allow withdrawals, including closure, without the required Notice Period of the Account being given. A penalty rate will be applied at Our discretion, but will be set at a rate higher than the Account rate of interest for the remainder of the term.

1.5 The Notice Period starts from the date of receipt of Your notification for the amount specified. The funds continue to earn interest in the Account up to the date of withdrawal.

1.6 The rate of interest payable on Base Rate Tracker Notice Accounts is a variable rate of interest which tracks the applicable currency Base Rate. Any differential to the Base Rate will be dependent on the type and term of the Account held which We will confirm to You before You open the Account and may be changed at any time.

1.7 The interest rate will change the next working day after the applicable Base Rate change.

1.8 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.

1.9 Notice may be given in writing by signed letter or by Authenticated Users of the Telephone Banking service.

1.10 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.

1.11 The amount covered by an existing Notice instruction may not be reduced but can be cancelled at any time prior to the date of withdrawal without incurring a penalty.

1.12 If You wish to pay the funds from a Notice Account, to be transferred 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 funds from Your Notice Account before the Notice Period expires, the Notice will lapse.

1.13 You are not permitted to increase the amount advised in 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.

1.14 Confirmation of the Notice and the expiry date of the Notice Period will be sent to You in writing. There is no period of grace following the expiry date of the Notice Period for a withdrawal to be made.

1.15 The Notice Period will be waived if You are transferring funds to another Account with Us, which has an equivalent or greater Notice Period. This is unless the Account to which funds are being transferred specifically excludes this facility.

1.16 If transferring funds to an Account with a lesser Notice Period, You only need to give the differential in the Notice Periods.

1.17 We do not accept instructions or requests to place deposits on constant Notice, rolling Notice, or to close an Account and transfer funds to a new identical Account in order to benefit from interest capitalisation.