New Premium Notice Accounts Offer Notice Choice and Higher Rates

Two choices of notice period are available, 60 and 120 days, with interest rates of 2.00% AER and 2.25% AER respectively. There is also a monthly interest option available.

Penalty free withdrawals are available for each Notice account, providing the required notice period is given, but importantly, those opting for the longer notice terms of 120 days have an additional option to withdraw up to 20% of their balance penalty free each year. This can be as a single transaction or as two 10% requests for funds. Emergency instant access to the account is allowed, but an interest penalty reflecting the notice period will be payable.

The new notice accounts are available to members of Abbey International’s Premium Banking service, which is free to those with at least £50,000 on deposit with the bank. Premium Banking clients can open a new Premium Notice account with a minimum of £25,000. 

Commenting on the new account range, Head of Client Experience Jane Matthews said, “Our new range of Premium Notice Accounts meet an important need amongst clients in the current changeable markets. Our clients are telling us they value the security of banking with a subsidiary of Santander but that they still need short term access to funds and a good return. Our Premium Notice Account range delivers these benefits and so meets an important client need.”