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Business Notice Deposit account

Earn higher interest rates by giving notice when you withdraw money.

To apply, you must have a Business Cash Management account. Business Notice Deposit accounts are available to eligible customers aged 18 or over who are resident in the Channel Islands, Isle of Man or Gibraltar. Minimum deposit of £25,000, $25,000 or €25,000.

What is a Notice Deposit account?

A Business Notice Deposit account could help you earn a higher interest on your money without locking it away for a long time.

  • Choose a notice period that suits you: 35, 60, or 90 days
  • Available in GBP, EUR and USD
  • Minimum deposit of £25,000, €25,000, or $25,000
Information Message

Please read the Summary Box below which gives you key information.

Summary Box

Account name: Business Notice Deposit account

What is the interest rate?

Notice period (GBP)
35 days
60 days
90 days
AER p.a. (variable)
3.19%
3.27%
3.70%
Gross p.a. (variable)
3.15%
3.23%
3.65%
Minimum deposit £25,000. Interest is calculated daily and paid on the last business day of each quarter in March, June, September and December, or at account closure.
Notice period (EUR)
35 days
60 days
90 days
AER p.a. (variable)
1.71%
1.87%
2.05%
Gross p.a. (variable)
1.70%
1.86%
2.03%
Minimum deposit €25,000. Interest is calculated daily and paid on the last business day of each quarter in March, June, September and December, or at account closure.
Notice period (USD)
35 days
60 days
90 days
AER p.a. (variable)
3.34%
3.44%
3.55%
Gross p.a. (variable)
3.30%
3.40%
3.50%
Minimum deposit $25,000. Interest is calculated daily and paid on the last business day of each quarter in March, June, September and December, or at account closure.
Definitions explained

Can NatWest International change the interest rate?

Yes, the rate is variable. We can change rates for any of the reasons set out in the Non-Personal Terms, such as responding to a change in the Bank of England’s base rate.

  • If rates are going down, we’ll give you at least 14 days’ notice.
  • If rates are going up, we’ll tell you before the change or at the earliest opportunity afterwards.

For more details, please read section 10.3 of the Non-Personal Terms.

What would the estimated balance be after 12 months?

Notice period
35 days
60 days
90 days
Deposit at start date
£25,000
£25,000
£25,000
Interest earned
£796.85
£817.33
£925.07
Balance after 12 months
£25,796.85
£25,817.33
£25,925.07
These are only examples and do not take into account your particular circumstances. They assume that no further deposits or withdrawals are made, there is no change to interest rates and any interest earned stays in the account.
Notice period
35 days
60 days
90 days
Deposit at start date
€25,000
€25,000
€25,000
Interest earned
€427.72
€468.25
€511.38
Balance after 12 months
€25,427.72
€25,468.25
€25,511.38
These are only examples and do not take into account your particular circumstances. They assume that no further deposits or withdrawals are made, there is no change to interest rates and any interest earned stays in the account.
Notice period
35 days
60 days
90 days
Deposit at start date
$25,000
$25,000
$25,000
Interest earned
$835.27
$860.90
$886.55
Balance after 12 months
$25,835.27
$25,860.90
$25,886.55
These are only examples and do not take into account your particular circumstances. They assume that no further deposits or withdrawals are made, there is no change to interest rates and any interest earned stays in the account.

How do I open and manage my account?

To apply for this account

  • You must have a Business Cash Management account with us before you can open a Business Notice Deposit account.
  • To apply you must be aged 18 or over, be resident in the Channel Islands, Isle of Man or Gibraltar and be the owner or director of the business you’re applying on behalf of.
  • Your business must meet our eligibility criteria.
  • The minimum deposit is £25,000, $25,000 or €25,000.

Opening your account

  • Once your Business Cash Management account is open, you can open a Business Notice Deposit account using our online banking platforms, by telephone, in branch or by contacting your Relationship Manager.

Managing your account

  • You can manage your account using our online banking platforms, in branch or by telephone.

Can I withdraw money?

Yes, you just need to give us the minimum notice for your account: 35, 60 or 90 days.

Once you let us know you want to make a withdrawal, we’ll move that amount into a Fixed Term Deposit for the length of your notice period.

Two types of interest rates can apply during the notice period:

  • Primary Notice Rate
    This is the standard rate for the notice period you’re on — 35, 60 or 90 days.

  • Step Down Rate
    This is the 35‑day Primary Notice Rate minus 0.20%.

How these rates are applied depends on the notice period:

  • 35‑day notice
    The Step Down Rate applies for the full 35 days.

  • 60‑day notice
    The Primary Notice Rate applies for the first 25 days, then the Step Down Rate for the remaining 35 days.

  • 90‑day notice
    The Primary Notice Rate applies for the first 55 days, then the Step Down Rate for the remaining 35 days.

When the notice period ends, we’ll pay the balance and any interest into your Business Cash Management account.

Early withdrawals are not permitted.

Additional information

Annual Equivalent Rate (AER) shows the interest rate if interest is paid and compounded once each year. AER helps you to compare the rates of interest on different accounts.

Gross means the interest rate you are paid on your savings with no compounding.

p.a. stands for 'per annum' (per year).

Primary Notice Rate is the standard rate for the notice period you’re on — 35, 60 or 90 days.

Step Down Rate is the 35‑day Primary Notice Rate minus 0.20%.

How to apply

Before you apply for a Business Notice Deposit account, please review our eligibility, important information and details on how we use your information so you're sure it's the right account for you.

Who is eligible to apply?

You can apply for a Business Notice Term Deposit if you’re:

  • aged 18 or over and resident in the Channel Islands, Isle of Man or Gibraltar
  • the owner or director of the business you’re applying on behalf of
  • depositing at least £25,000, €25,000, or $25,000

and your business has:

  • a registered address and/or is registered for tax purposes in the Channel Islands, Isle of Man or Gibraltar
  • a single layer of ownership with no nominee shareholding structures with all owners, directors or shareholders resident in the Channel Islands, Isle of Man or Gibraltar
  • cash takings that don’t exceed 20% of your annual turnover

Important information

To open and manage a Business Notice Deposit account, you’ll need a Business Cash Management account.

Please review our important information

If you continue to apply, you’re confirming that you’ve been provided with and have acknowledged our important documents.

How your information might be used

We want you to feel confident about how your information is used and shared. Before you continue, please read our privacy notice.

Apply for a Business Notice Deposit account

If you’re an existing business customer with a Relationship Manager, please speak to them to discuss your requirements.

If you’re new to NatWest International or don’t have a Relationship Manager, call your local Business Support Team to discuss.

Information Message

Lines are open Monday to Tuesday 9:30am - 4:30pm, Wednesday 10:00am - 4:30pm and Thursday to Friday 9:30am - 4:30pm (except public holidays). Calls may be recorded.