Notice Deposit Account | Business Banking | NatWest International

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 Notice deposit.
• The deposit operates on a notice basis; interest is paid at the applicable rate until a minimum 35, 60 or 90 days notice of withdrawal is instructed on the 35, 60 or 90 day Notice Deposit.
• Once notice has been provided, the amount, to which the notice applies, is placed on a Fixed Term Deposit. The Fixed Term Deposit interest rate on this amount (the Step Down Rate) will be calculated using the prevailing relevant Central Bank Rate for 35 days, plus the prevailing headline rate for the remainder of the notice period on both the 60 and 90 day products. 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Term Deposit the balance plus any earned interest will be credited to the Cash Management account from where it can be withdrawn.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.

Yes, the rate is variable; the Notice Deposit rate can increase or decrease. If rates go down, we’ll give you notice of the change as follows:

• at least 35 days notice for a 35 Day Notice Deposit
• at least 60 days notice for a 60 Day Notice Deposit
• at least 90 days notice for a 90 Day Notice Deposit

If rates go 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 term of the Notice Deposit.

Yes, subject to a minimum withdrawal notice period of:

• 35 days notice for a 35 Day Notice Deposit
• 60 days notice for a 60 Day Notice Deposit
• 90 days notice for a 90 Day Notice Deposit

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 12pm or on a non business day, notice will commence on the next working day.

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.