30 Day Notice Account
All rates are variable. With effect from 21st November 2016 we are only accepting new 30 Day Notice Account applications for existing customers that have held an account with us prior to 1st November 2016. For further information please contact the Savings Team on 01482 881510.
|Summary Box - Key Product Information|
|Account Name||30 Day Notice Account|
|What is the interest rate?||
0.70% Gross* / AER** for balances over £1,000
Balances under £1,000 will attract the lowest rate from the Instant Access Account.
Interest is calculated daily and added or paid annually on 31st December at close of business.
|Can Beverley Building Society change the interest rate?||
Yes, all of our interest rates are variable.
Refer to our Terms and Conditions for full details.
|What would the estimated balance be after 12 months based on a £1,000 deposit?||
This figure is for illustration purposes only and assumes no further deposits, withdrawals, or interest rate changes.
|How do I open and manage my account?||
Available to UK Residents and UK Tax Residents.
Complete the application form, relevant declaration(s) and provide necessary identification then forward together with the initial deposit (payable to the account holder) to the Society's office.The minimum opening deposit is £1000.
Account can be managed via post and branch.
|Can I withdraw money?||
Yes, one notice and penalty free withdrawal per month of up to £5,000 is permitted.
All other withdrawals available immediately with a 30 day loss of interest on the amount withdrawn or are subject to 30 days’ notice. Money must be withdrawn on the 30th day of notice, otherwise notice will be removed.You can make a withdrawal on demand of cash up to £500 and any amount by cheque or Faster Payment, subject to adequate cleared balance and written instruction signed by the relevant signatory(ies).
Refer to our Terms and Conditions for more information on withdrawals.
Monthly interest is available on balances over £5,000 at a reduced rate. Contact the Society for further details.
*Gross rate – the contractual rate of interest to be paid on a savings account without any deduction being made in respect of personal Income Tax liability.**AER - stands for Annual Equivalent rate and illustrates what the interest rate would be if interest was paid and compounded once each year.