The 30 Day Notice Deposit is a deposit account aimed at all forms of corporate bodies. This high interest savings account
is designed to earn you more on your surplus cash.
Minimum balance £500
Maximum balance £250,000
Contact us for an application form and further information.
OPERATING THE ACCOUNT
Initial investments must be made by cheque, drawn from the organizations bank account, bearing the same name as the account.
You can make further investments to your initial deposit at any time via cheque, BACS or CHAPS.
You can access your investment either by giving us 30 days notice in writing, when you will incur no penalty loss of interest; or an immediate withdrawal can be made subject to 30 days loss of interest on the amount withdrawn.
Withdrawals may be made by cheque payable to the company, BACS or CHAPS to the organizations designated bank account (a fee is payable for CHAPS withdrawals).
INTEREST RATES
Interest rates on the 30 Day Notice Deposit are tiered, so the more you invest, the more interest you can earn.
Interest can be paid annually at 31st December or at the end of each month either into the account or to another bank account. Different interest rates apply for each method.
Interest on the account will be paid gross, provided the HMRC form 38(INP) has been completed and returned to us.The Society is required each year to supply to the HMRC particulars of all interest paid or credited to investors.
click here to view the interest rates
IDENTIFICATION
Identification will be required for both the organisation and the persons operating the account. Go to the Essential Information page for full details of our personal identification procedures. The application form contains identification required for the organisation..
Please note that, for legal reasons, we are unable to open an account unless we can verify your identity.
OTHER INFORMATION
As this is a deposit account, neither you nor your company/charity will become members, but you will be bound by the Societys Rules, a copy of which will be sent to you upon opening an account. Please also read the leaflet "Essential Information for Investors", which contains our Terms and Conditions and other important details, or you can also look at the General Terms and Conditions page on this website.
We have our own internal procedure for dealing with complaints and a copy of our leaflet is available on request. See the Essential Information for Investors leaflet for details.
The Society operates a 14 day cooling off period, so if you change your mind about opening the account you will receive all your original capital plus any interest accrued.
The Society reserves the right to suspend or amend account issues at any time and potential investors should check that the required issue is still available.
