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

 


Jersey
01534 282961
From abroad: +44 1534 282961

 


Guernsey
01481 703845
From abroad: +44 1481 703845


Isle of Man
01624 697741
From abroad: +44 1624 697741

 


Gibraltar
200 14400
From abroad: 00350 200 14400

 

Lines open Monday to Friday 9:00am to 5:00pm except public holidays. Calls may be recorded.

Notice Deposits

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

  • Earn higher returns on your savings without locking them away for a long time.
  • Earn interest daily and receive it on the last business day of each quarter
  • Funds placed on notice to withdraw will attract a different rate
Interest rates

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

35 Day Notice Deposit

Balance Gross p.a. (variable) AER (variable)
Sterling £25,000+ 0.26% 0.26%
US Dollar $25,000+ 0.35% 0.35%
Euro €25,000+ 0.00% 0.00%

60 Day Notice Deposit

Balance Gross p.a. (variable) AER (variable)
Sterling £25,000+ 0.30% 0.30%
US Dollar $25,000+ 0.40% 0.40%
Euro €25,000+ 0.02% 0.02%

90 Day Notice Deposit

Balance Gross p.a. (variable) AER (variable)
Sterling £25,000+ 0.40% 0.40%
US Dollar $25,000+ 0.50% 0.50%
Euro €25,000+ 0.05% 0.05%
  • Minimum deposit £25,000 or currency equivalent.
  • Interest rates are subject to variation.
  • Interest is calculated daily and paid on the last business day of each quarter in March, June, September and December, or at account closure.

Rates effective from 11th August 2020 and are subject to variation.

Definitions

AER stands for Annual Equivalent Rate. It shows you what the rate would be if the interest was paid and compounded each year.

Gross Rate this means the interest rate you are paid without deduction of income tax.

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 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.

Can the interest rate change?

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.

Can I withdraw money?

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.

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.

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

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

 


Jersey
01534 282961
From abroad: +44 1534 282961

 


Guernsey
01481 703845
From abroad: +44 1481 703845


Isle of Man
01624 697741
From abroad: +44 1624 697741

 


Gibraltar
200 14400
From abroad: 00350 200 14400

 

Lines open Monday to Friday 9:00am to 5:00pm except public holidays. Calls may be recorded.

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