Liquidity Manager Notice Accounts
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 one of our Liquidity Manager Notice Accounts could be ideal.
Choose a 30 or 95 day notice period and know exactly what return you'll get on your business savings.
Longer term savings accounts can help your business fund future expansion, acquisitions, or projects that need significant capital expenditure.
Setting up an account is straight forward and you can apply straight away.
- Interest is calculated on your daily balance. Interest paid will be applied on the last Business Day of each month and calculated on the Business Day before
- No minimum or maximum balances apply
- Higher interest rates apply to higher balances
- An early withdrawal fee for the 30 Day Liquidity Manager Notice Account will apply when accessing funds without giving the full appropriate notice period. If you require access to your funds before the relevant notice period has elapsed then you can do so, but you will incur an early withdrawal fee. This fee will be equivalent to the interest you would have earned during the notice period.
- Early withdrawals from the 95 Day Liquidity Manager Notice Account are not permitted.
The interest rate you receive will be dependant on the balance on your account.
| 30 Day Liquidity Manager Notice Account | |||
|---|---|---|---|
| Balance £ | Gross rate p.a. % | AER % | Net % p.a. |
| 5,000,000+ | 0.50 | 0.50 | 0.40 |
| 2,000,000 - 4,999,999 | 0.45 | 0.45 | 0.36 |
| 1,000,000 - 1,999,999 | 0.45 | 0.45 | 0.36 |
| 250,000 - 999,999 | 0.40 | 0.40 | 0.32 |
| 100,000 - 249,999 | 0.35 | 0.35 | 0.28 |
| 25,000 - 99,999 | 0.30 | 0.30 | 0.24 |
| 0 - 24,999 | 0.25 | 0.25 | 0.20 |
| New rates of interest effective from 10 April 2013. Interest is paid monthly. | |||
| 95 Day Liquidity Manager Notice Account | |||
|---|---|---|---|
| Amount | % Gross pa | % AER | % Net rate |
| 5,000,000+ | 0.80 | 0.80 | 0.64 |
| 2,000,000 - 4,999,999 | 0.80 | 0.80 | 0.64 |
| 1,000,000 - 1,999,999 | 0.80 | 0.80 | 0.64 |
| 250,000 - 999,999 | 0.75 | 0.75 | 0.60 |
| 100,000 - 249,999 | 0.75 | 0.75 | 0.60 |
| 25,000 - 99,999 | 0.75 | 0.75 | 0.60 |
| 0 - 24,999 | 0.70 | 0.70 | 0.56 |
| Current rates of interest effective from 20 May 2013. Interest is paid monthly. | |||
Interest rates are subject to variation.
Withdrawal fees
If you need to withdraw funds and can't give full notice for the 30 day notice account, we'll charge an early withdrawal fee. This fee is equivalent to the interest that would have been earned on the withdrawn funds during the full notice period.
Interest rates may also be varied at any time after the delivery of a withdrawal form.
Important Information: Early withdrawals from the 95 Day Liquidity Manager Notice Account are not permitted.
Annual Equivalent Rate (AER) - illustrates what the interest rate would be if paid and compounded each year.
Gross rate – is the interest rate you are paid before the deduction of tax.
Net rate - is the interest rate paid after deduction of tax.
