Island 30 Day Account.

An account that gives you access to your funds at 30 days notice and rewards you with tiered rates of interest so the more you save the more you earn.

  • Start saving from £10,000
  • Get access to your funds at 30 days notice
  • Tiered rates of interest mean the more you save the more you earn
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Features & benefits

If you like the thought of putting away a lump sum, but might want to add to your balance over time, our Island 30 Day Account combines the higher, tiered interest of a notice account with the flexibility of saving more whenever you like.

  • Minimum balance of £10,000 required to open an account.
  • Withdraw money from the account without paying a fee by giving 30 days' notice.
  • Emergency Cashpoint ® card to withdraw up to £200 per day.
  • Available in Sterling.
  • Interest rate is variable.
  • Tiered rates of interest so the more you save the more you earn, paid monthly.
  • Offshore Internet banking available 24 hours a day, 7 days a week.
  • Offshore PhoneBank available 24 hours a day, 7 days a week.

Eligibility

  • You must be a personal customer aged 18 years and over.
  • You must be ordinarily resident in the Channel Islands or Isle of Man.

Island 30 Day Account Interest Rates

Current Interest Rates

Interest rates are correct as at 01 April 2009

Interest on Credit Balances (paid monthly) % Per Annum Gross Rate* % Per Annum AER**
£1+ 0.01 0.01
£10,000+ 0.05 0.05
£25,000+ 0.10 0.10
£50,000+ 0.15 0.15
£100,000+ 0.20 0.20

Previous Interest Rates

Interest rates are from 02 March 2009

Interest on Credit Balances (paid monthly) % Per Annum Gross Rate* % Per Annum AER**
£1+ 0.05 0.05
£10,000+ 0.10 0.10
£25,000+ 0.10 0.10
£50,000+ 0.20 0.20
£100,000+ 0.40 0.40

*GROSS RATE: The contractual rate of interest payable before deduction of income tax at the rate specified by law.

**AER - AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advert for a savings product will contain an AER - Annual Equivalent Rate - you can compare more easily what return you can expect from your savings over time.

Charges and fees

Sending funds*

International moneymover service Non-priority payments 25p per £100 (min charge £13, max £40) Not available for Euro payments
Priority payments Euro payments: 25p per £100 (min £16 max £40) Other currencies: 25p per £100 (min £19 max £46)
International drafts £15 (plus registration fee if posted)
Electronic Funds Transfer (CHAPS payments within the British Isles) £20 + £5 for confirmation to recipient Minimum payment £1,000
Cash withdrawals and deposits into the US Dollar Account and/or Euro Account 2% on the Sterling equivalent of each currency, minimum £3 per currency and £10 administration fee

These accounts are not designed to be used for receipt of notes or coins. If you need this service, please contact your International Banking Team.
Recalling a payment

£20 per payment

We cannot guarantee the cancellation as funds may already have been paid to the beneficiary. You could receive less than the original amount of the payment, due to adverse exchange rate movements

* Plus charges levied by the correspondent bank abroad.

Receiving funds

Cheque Collections Cheques up to £100 £5
Cheques of £100 and above 25p per £100 (min £15, max £80 per cheque)
Cheque negotiation to Sterling account* Cheques up to £100 £5
Cheques of £100 and above 25p per £100 (min £8, max £80 per cheque)
Cheques in a foreign currency drawn in a different country (not UK) e.g. US Dollars drawn in France As above, but minimum £10 per cheque.
Cheque negotiation to currency account* Cheques in the same currency as the account £2 per cheque
Cheques requiring currency conversion £4 per cheque
Electronic bank transfer from another financial institution Up to £100 £2
£100 and above £7, or £10 for telephone advice

* The correspondent bank may also levy a charge based on the value of the cheque.

Other standard services

Supplying copies of previous bank statements £5 per request

An administration charge may be made for excessive requests.

FAQs

What is the minimum opening balance?

The minimum opening balance for a Island 30 Day Account is £10,000.

How much can I deposit in an Island 30 Day Account?

That's completely down to you. There's no limit on how much you can hold in your account.

What currency can I open an Island 30 Day Account in?

The Island 30 Day Account is available in Sterling only.

How much access do I have to my money?

You can withdraw money from the account without paying a fee by giving 30 days' notice. If you need instant access to your funds that’s not a problem, we'll simply charge the equivalent of 30 days' interest on the amount withdrawn.

When is interest paid on the Island 30 Day Account

Interest is paid monthly on 9th of each month.

Who can I speak to if I need extra information?

For Jersey residents please call 01534 845155, Isle of Man residents 01624 638279, Guernsey residents 01481 706347 or Alderney residents 01481 822340.

How to apply:

Visit us in branch

Find out more

You can speed things up by downloading and completing our application form

  • Complete the form (optional, 10 minutes)
  • Bring it to a branch
  • Make sure you bring ID (driving licence, passport)

Call us

  • 01534 845 155 Jersey
  • 01481 706 347 Guernsey
  • 01624 638 279 Isle of Man
  • 01481 822 340 Alderney

CONTACT US.

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