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100 Day Notice Account

If you would like a return on your business savings and don’t need quick access then the 100 Day Notice Account may suit you.

The 100 Day Notice Account enables businesses to earn interest on their deposits but access to funds is subject to 100 days written notice of withdrawal.

You can add further funds, as long as they come from the same bank account as the original deposit.

Up to 0.70%

on deposits of £1,000+. Gross Rate* – interest paid annually and compounded.

Up to 0.70%

on deposits of £1,000+. Gross Rate* – interest paid monthly and paid away.

Apply By Post
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Protecting your money

Your eligible deposits with Hodge Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme.

100 Day Notice Account Summary

Account Name
100 Day Notice Account.
What is the interest rate?
Up to 0.70% Gross Rate* - interest paid annually and compounded§ on deposits of £100,000+ for annual payment.
Up to 0.70% Gross Rate* – interest paid monthly and paid away§ on deposits of £100,000+ for monthly payment.
Can Hodge Bank change the interest rate?
Yes, subject to us giving you at least 100 days notice prior to the date of the interest rate change.
What would the estimated balance be after 12 months based on a range of deposits?
Below £1,000 No Interest
£1,000+ £1,070.00
£5,000+ £5,350.00
£10,000+ £10,700.00
£50,000+ £503,500.00
£100,000+ £107,000.00
Assumes interest is compounded.
Can I withdraw money?
Yes, subject to us giving you at least 100 days notice prior to the date of the interest rate change.
Additional information
If you're looking for any other type of account such as a business account, joint account or charity account, you can apply using our application form, which you can download or request from our Customer Services Team.

How to apply

You can choose to receive your interest monthly, or annually from your account. The interest rate on your account is flexible in line with the balance you hold.

Amount
Gross Rate* - interest paid annually
AER†
Gross Rate* - interest paid monthly
AER†
Amount £100,000+
Gross Rate* - interest paid annually 0.70%
AER† 0.70%
Gross Rate* - interest paid monthly 0.70%
AER† 0.70%
Amount £50,000+
Gross Rate* - interest paid annually 0.70%
AER† 0.70%
Gross Rate* - interest paid monthly 0.70%
AER† 0.70%
Amount £10,000+
Gross Rate* - interest paid annually 0.70%
AER† 0.70%
Gross Rate* - interest paid monthly 0.70%
AER† 0.70%
Amount £5,000+
Gross Rate* - interest paid annually 0.70%
AER† 0.70%
Gross Rate* - interest paid monthly 0.70%
AER† 0.70%
Amount £1,000+
Gross Rate* - interest paid annually 0.70%
AER† 0.70%
Gross Rate* - interest paid monthly 0.70%
AER† 0.70%
Amount Below £1,000
Gross Rate* - interest paid annually 0.00%
AER† 0.00%
Gross Rate* - interest paid monthly 0.00%
AER† 0.00%

Applying offline

You can apply for this account by post by downloading the application form below

By Post

Hodge Bank, One Central Square, Cardiff, CF10 1FS.

Apply By Post

FAQs

AER stands for Annual Equivalent Rate. It shows the rate of interest a saver will receive over a year, on the assumption that the cash is left in the account for the full year without any withdrawals.
Compound interest is interest paid on the initial principle as well as the accumulated interest on money you have invested. You earn interest on the money you deposit, and on the interest you have already earned

Glossary of Terms

*Gross
Is the contractual rate of interest payable before the deducation of income tax at the rate specified by law. The payment can be made annually or monthly.

†AER
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if paid and compounded each year.

§Compounded interest and interest paid away
Compounded interest is interest that rolls up annually and is paid on maturity of the account. Interest paid away means the interest isn’t compounded over the term of the account. It is placed into a designated current account every month

Not the product for you?

Why not browse our range of other accounts to see which may suit you best

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