40 Day Notice Account

Keep your savings within easy reach

Our 40 Day Notice Account means you don’t have to lock your money up for a long period to enjoy attractive interest rates.

At a glance

Interest rates

How to apply

Summary box

• Your savings can benefit from potentially higher rates of interest than you would receive with an instant access account.

  Main features

  • Quarterly interest – paid straight into your account
  • Save from £500 – and add additional savings whenever you like
  • Short notice period – give us 40 days’ notice and you can withdraw your funds without charge

  Save regularly

  Once you’ve opened an account, you can add extra savings at any time. You can even set up a regular transfer to make sure you make the most of your extra cash every month.

  Making withdrawals

  Withdrawals require 40 days’ notice. Withdrawals without 40 days’ notice are not permitted under any circumstances except in the event of the death of an Account Holder (or one of them if a joint account).

• With the 40-Day Notice Account, interest is calculated daily and added to your account every quarter.

  Term	Gross*	AER+ pa	Net** pa	Apply
  £1m and over	0.85%	0.85%	0.68%	In branch*
  £100,000-£999,999	0.60%	0.60%	0.48%	In branch*
  £0 - £99,999	0.25%	0.25%	0.20%	In branch*

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  Rates are correct at 1st October 2010.

   

  *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.

  ** Net Rate. Net Rate is the Gross Rate less income tax at the lower rate (currently 20%). Tax at this rate will be deducted from accounts subject to tax at the time interest is paid. Non-taxpayers may register for payment of interest gross. Tax paid may be reclaimed, where appropriate, from H M Revenue and Customs. Higher rate taxpayers may be liable to additional taxation according to their individual circumstances.

• How to apply

  You can apply at your nearest Clydesdale Bank branch or you can apply by phone on 0845 602 5450 (lines open 8am until 8pm every day)

• Summary Box
  Key Product Information for our Savings Account

  Account Name	40 Day Notice
  Interest Rates (AERs)	Refer to the Savings Account Tariff for personal customers, our website www.cbonline.co.uk or the notice displayed in Branch.
  Tax Status	Interest will be paid net of basic rate tax unless you have registered for payment of gross interest as a non taxpayer, or are resident abroad and have signed a non-resident’s declaration.
  Conditions for bonus payment	N/A
  Withdrawal arrangements	Withdrawals require 40 days’ notice. Withdrawals without 40 days’ notice are not permitted under any circumstances except in the event of the death of an Account Holder (or one of them if a joint account).
  Access	Branch