Notice Deposit Account | Business Banking | NatWest International

Notice Deposit Account

Earn higher returns, without locking away your surplus funds for a long time.

Get in touch to apply
Business customers How to contact us

If your are an existing customer, please contact your Relationship Manager on your dedicated telephone number or visit your local branch.

 

Jersey


01534 282850

From abroad: +44 1534 282850

Guernsey


01481 703860

From abroad: +44 1481 703860

Isle of Man


01624 637190

From abroad: +44 1624 637190

Gibraltar


200 77737 or 200 73200

From abroad: 00350 200 77737 or 00350 200 73200

 

Lines open Monday to Friday 7am - 7pm, Saturday 8am - 1pm, Sunday closed.

Notice Deposit Our 35 Day Notice Deposit

If you want to earn higher returns on your savings, but don't want to lock away your surplus funds for a long time, then our 35 Day Notice Deposit could be ideal.

What is the interest rate?

Balance Gross p.a. (variable) AER (variable)
Sterling £0+ Sterling 0.76% Sterling 0.76%
US Dollar $0+ US Dollar 2.60% US Dollar 2.63%
Euro €0+ Euro 0.05% Euro 0.05%
  • Interest is calculated daily and paid quarterly in March, June, September and December on the last business day of the quarter and at account closure.
  • Interest is credited to the 35 Day Notice deposit. You will be able to see the interest credited to your deposit on the following business day.
  • Interest is currently paid on a flat basis which means you’ll earn one rate on your entire account balance.

Interest rates correct at 2 January 2019 and are subject to variation

Definitions

Annual Equivalent Rate (AER)
illustrates the interest rate if paid and compounded each year. It helps you to compare the effective rates of credit interest on different accounts.

Gross Rate the interest rate you are paid.

p.a per annum (per year).

Common questions

How does the Notice Deposit work?

You can manage your deposit in branch, in writing or by telephone.

 

  • Please note that if you do not already maintain a Business Treasury Cash Management account one is required to be opened when applying for a 35 Day Notice deposit.
  • The deposit operates on a notice basis; interest is paid at the applicable rate until a minimum 35 days notice of withdrawal is instructed.
  • Once notice has been provided, the amount, to which the notice applies, is placed on a 35 Day Fixed Term Deposit. The Fixed Term Deposit interest rate on this amount will be in line with rates for that term and balance applicable on the day. (This could be a negative rate)
  • Upon maturity of the Fixed Term Deposit the balance plus any earned interest will be credited to the Cash Management account from where it can be withdrawn.

Please speak to your Relationship Director for further details.

Can the interest rate change?

Yes, the rate is variable; the 35 Day Notice Deposit rate can increase or decrease. If the rates go down, we’ll give you at least 35 days’ notice. If they are going up, we’ll give you notice either before the change happens or as soon as possible afterwards.

 

The Fixed Term Deposit rate remains the same for the full 35 day fixed term.

Can I withdraw money?

Yes – subject to a minimum 35 days’ notice of withdrawal. Early withdrawals are not permitted. The notice period is effective from the date of receipt of the instruction to withdraw. If we receive your instruction after 12.00 pm or on a non business day, notice will commence on the next working day.

Is there a minimum and maximum deposit and withdrawal amount?

There is a £25,000 (or currency equivalent) minimum deposit requirement to open and maintain. This is not applicable to online transactions made through eQ.


There is a £250 million (or currency equivalent), maximum deposit per customer.


The minimum deposit and withdrawal amount is £25,000 or currency equivalent. This is not applicable to online transactions made through eQ.

Can I see a working example?

Day

Action

Balance

Interest Rate

Day 1

£100,000 on Cash Management

£100,000

Cash Management rate

Day 2

Transfer £100,000 to 35 Day Notice

£0
£100,000

Cash Management rate
35 Day Notice Deposit rate

Day 40

Instruct 35 Days notice on £50,000

£0
£50,000
£50,000

Cash Management rate
35 Day Notice Deposit rate
35 Day Fixed Term deposit rate

Day 75
35 days notice ends

Maturity of 35 Day Fixed Term

£50,000 *
£50,000
£0

Cash Management rate
35 Day Notice Deposit rate
35 Day Fixed Term deposit rate

* plus any 35 Day Fixed Term Interest

Notice Deposit Get in touch to apply
Call us or visit a branch
Business customers How to contact us

If your are an existing customer, please contact your Relationship Manager on your dedicated telephone number or visit your local branch.

 

Jersey


01534 282850

From abroad: +44 1534 282850

Guernsey


01481 703860

From abroad: +44 1481 703860

Isle of Man


01624 637190

From abroad: +44 1624 637190

Gibraltar


200 77737 or 200 73200

From abroad: 00350 200 77737 or 00350 200 73200

 

Lines open Monday to Friday 7am - 7pm, Saturday 8am - 1pm, Sunday closed.

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