40 Day Notice Account
Keep your money within easy reach
- 4.35% AER**/ 4.35% gross* on deposits of £1,000,000 plus. Rate includes a 1% bonus on the gross rate until September 2009. From 1st October 2009 until the 30th September 2010, a bonus of 0.5% on the gross rate will apply.
- Interest paid directly into your account every quarter
- Minimum deposit of £500. A minimum of £30 will be charged for early withdrawal.
- View summary of key information
The 40 day Notice Account pays interest every quarter and all you need is a minimum deposit of £500 to open it. After that you can save as much as you like and when you need to withdraw your savings just give 40 days notice.
How to apply
- Visit your local Yorkshire Bank branch (opens in a new window)
- Telephone on 0845 602 6198 (calls will be charged at the local rate)
What you get
Benefits of the Notice Account
- Interest paid directly into your account every quarter
- Only 40 days notice required for withdrawals for Yorkshire Bank accounts
- £500 minimum deposit to open an account
The 40 Day Notice Account pays interest on the last business day of every quarter and all you need is a minimum deposit of £500. Once it’s open, you can deposit lump sums or make regular payments. Withdrawals transferred via an external account will normally take 3 additional working days but if you have a Yorkshire Bank account, the money can be transferred on the 40th day.
Withdrawals made without giving us 40 days notice will be subject to a charge and must be for the whole balance in the account including any accrued interest. The account must then be closed.
The charge will be equivalent to 40 days gross interest (which would have been earned on the balance on the Account on the withdrawal date) or a minimum charge of £30, whichever is greater.
Other savings accounts
- Instant Savings Account - easy access to your money whenever you need it
- Savings Account Plus - let your savings provide a healthy return
- Cash ISA - a great way to watch your money grow, tax-free
- Stocks and Shares ISA - make the stock market work for you
- Cybersave - start early and help your child manage their money
- Child Savings Bond - a great investment for your child’s future
- Child Trust Fund - put your child’s savings into overdrive, open a Child Trust Fund today
For your security, calls may be monitored or recorded.
Interest is calculated daily and paid to the account quarterly.
*Gross Rate interest is the interest payable without taking account of the deduction of income tax. For most customers tax will be deducted at the lower rate prevailing at the time of payment (currently 20%).
**AER Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded once each year. If your deposit is for 12 months or more it illustrates what the interest rate is on your deposit each year.
Rates are subject to change but are correct as at 31st October 2008.
Yorkshire Bank is a trading name of Clydesdale Bank PLC is a member of the Financial Services Compensation Scheme established under the Financial Services and Markets Act 2000. You may be entitled to compensation from the Scheme if we cannot meet our obligations. This depends on the type of business and the circumstances of the claim.
In respect of deposits with a UK office, payments under the Scheme are limited to 100% of the first £50,000 of a depositor's total credit balances with the Bank. Further details of the Scheme are available from us on request or from the Financial Services Compensation Scheme: www.fscs.org.uk or Financial Services Compensation Scheme, 7th Floor, Lloyds Chambers, Portsoken Street, London, E1 8BN.