Personal Notice
Account
Earn 4.28% APY (Variable)
- Free withdrawals when you give 90 days’ notice
- Start saving from as little as $1
- Available as a single or joint account
- Interest credited twice a year
Key Product Information
Enjoy a competitive interest rate when you give advance notice to access your savings.
Ideal for those seeking a balance between growth and availability, our Personal Notice Accounts offer a competitive interest rate of 4.28% APY*. Enjoy the flexibility of planned withdrawals while your savings grow steadily.
Benefits
Saving when you do not need immediate access to your money before the end of the notice period
Potentially achieving a higher rate of interest in return for providing notice to access your money
Potentially achieving a higher rate of interest and wanting to add additional funds to the Account
FDIC protection up to $250,000 for each eligible depositor
Limitations
No access to funds before the end of the notice period
Product Summary
Personal Notice Accounts | |
Account Type | Interest Rate (APY) |
90 Day Notice | 4.28%Â |
Interest is calculated daily and credited twice a year in June and December in your Notice Account.
Yes, as this Account pays a Variable Rate of Interest, the rate can change over time. For example we might review the Interest Rate if the The Federal Reserve System base rate changes. We’ll always let you know of any planned changes to the rate.
Below is an example of what the future balance may be after interest has been paid.
Personal Notice Account | |||
Account Type | Deposit | Interest Rate (APY) | Balance after 12 months |
| 90 Day Notice | $2,000 | 4.28% | $2,085.60 |
Assumptions taken for the above calculations:
- No change in the amount (no deposits, no withdrawals)
- No change to the variable interest rate
- Interest payment twice a year
This estimate is for illustrative purposes only and does not take into account individual circumstances.
You must be;
- Aged 18 or over
- Minimum interest earning balance: $1
- Maximum interest earning balance: $1,000,000
- Mobile Banking(Account operations are limited to view only, but withdrawal instructions are requested using secure messaging*)
- Online Banking: (Account operations are limited to viewing only*)
- Branch:Â Visit our branch Monday to Friday between 8 am and 5 pm
- Telephone:Â You can contact our Customer Services Team Monday to Friday from 8 am to 5 pm for support
*You may issue notice to withdraw by sending a Secure Message through the internet or mobile banking.
Withdrawals can be made by giving the required notice.
Personal Notice Accounts | |
Account Type | Early Withdrawl Charge |
90 Day Notice | 90 days’ gross interest |
If the interest earned on your Notice Account is insufficient then the Early Withdrawal Charge will be deducted from your deposit and accrued interest, which may take your balance below the minimum interest earning balance.
The Early Withdrawal Charge will not be applied in the event of the death of an Account Holder (or one of them in case of a Joint Account).
- This account can be held in single or joint names.
- There is a 14 day cooling off period for all Personal Notice Accounts. If you decide to cancel within the 14 days we will not deduct Early Withdrawal Charges, but you will not be entitled to interest for the number of days your deposit has been with us.
- Interest will be paid using the Gross Rate and tax will not be deducted where your interest is exempt.
- Gross rate means we won't deduct tax from the interest we pay on money in your account. It is your responsibility to pay any tax you may owe to the Internal Revenue Service or any applicable Tax Authority.
- APY stands for Annual Percentage Yield and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advertisement for a savings product which quotes an interest rate will include an APY, it makes it easier for you to compare what return you can expect from your savings over time.