Non Personal Notice Accounts

Great for saving for big charitable events or group club trips when you know exactly when the funds will be needed.

Non Personal Notice Accounts

90 Day Notice Account (Currently Unavailable)  (0.60%)

Account Name

90 Day Notice Account

What is the interest rate?

0.60% Gross*/AER* – Annual

0.60% Gross*/AER* – Monthly

Interest is calculated daily.  Annual interest is annually. Monthly interest is paid on the last working day of the month.

 

Can Hodge Bank change the interest rate?

Yes. If we change the rate, we will write to you giving you at least 90 days’ notice of the interest rate change.

 

What would the estimated balance be after 12 months based on deposit of £1,000?

£1,006.00 This illustrative example assumes one initial deposit of £1,000, with no further additions with interest paid annually and added to the account. This projection is provided for illustrative purposes only & does not take into account the individual circumstances of a customer.

How do I open and manage my account?

You can open your account by post.

Accounts opened by post can be managed by post and by telephone.

The minimum deposit for a Notice Account is £1,000.

Signatories must be aged 18 or over and be UK resident for tax purposes.

The maximum amount that may be held by you with us across all products may not in aggregate exceed £1,000,000 but we may waive this limit at our absolute discretion.

Can I withdraw money?

Yes. 90 days notice is required.

Additional information

When you open an account, you have 10 working days to transfer any funds in to that account.  If, after 10 days, no funds have been received or the funds held in the account do not meet the minimum balance, then we will close the account and return any money held in the account.

We will pay interest without tax deducted.

Glossary of Terms

*Gross
Is the contractual rate of interest payable before the deduction 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.

8 Day Notice Account  (0.10%)

Account Name

8 Day Notice Account

What is the interest rate?

0.10% Gross*/AER* – Annual

0.10% Gross*/AER* – Monthly

Interest is calculated daily.  Annual interest is annually. Monthly interest is paid on the last working day of the month.

 

Can Hodge Bank change the interest rate?

Yes, subject to us giving you at least 8 days notice prior to the date of the interest rate change.

What would the estimated balance be after 12 months based on deposit of £1,000?

1,001.00 This illustrative example assumes one initial deposit of £1,000, with no further additions with interest paid annually and added to the account. This projection is provided for illustrative purposes only & does not take into account the individual circumstances of a customer.

How do I open and manage my account?

You can open your account by post.

Accounts opened by post can be managed by post and by telephone.

The minimum deposit for a Notice Account is £1,000.

Signatories must be aged 18 or over and be UK resident for tax purposes.

The maximum amount that may be held by you with us across all products may not in aggregate exceed £1,000,000 but we may waive this limit at our absolute discretion.

Can I withdraw money?

Yes. 8 days notice is required.

Additional information

When you open an account, you have 10 working days to transfer any funds in to that account.  If, after 10 days, no funds have been received or the funds held in the account do not meet the minimum balance, then we will close the account and return any money held in the account.

We will pay interest without tax deducted.

Glossary of Terms

*Gross
Is the contractual rate of interest payable before the deduction 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.

No Notice Account  (0.10%)

Account Name

No Notice Account

What is the interest rate?

0.10% Gross*/AER* – Annual
0.10% Gross*/AER* – Monthly

Annual interest is paid at maturity. Monthly interest is paid on the last working day of the month.

Can Hodge Bank change the interest rate?

Yes. If we change the interest rate, we will write to you giving you at least 7 days’ notice prior to the date of the interest rate change.

What would the estimated balance be after 12 months based on deposit of £1,000?

1,001.00 This illustrative example assumes one initial deposit of £1,000, with no further additions with interest paid annually and added to the account. This projection is provided for illustrative purposes only & does not take into account the individual circumstances of a customer.

How do I open and manage my account?

You can open your account by post.

Accounts opened by post can be managed by post and by telephone.

The minimum deposit for a Notice Account is £1,000.

Signatories must be aged 18 or over and be UK resident for tax purposes.

The maximum amount that may be held by you with us across all products may not in aggregate exceed £1,000,000 but we may waive this limit at our absolute discretion.

Can I withdraw money?

Yes. Notice is not required.

Additional information

When you open an account, you have 10 working days to transfer any funds in to that account.  If, after 10 days, no funds have been received or the funds held in the account do not meet the minimum balance, then we will close the account and return any money held in the account.

We will pay interest without tax deducted.

Glossary of Terms

*Gross
Is the contractual rate of interest payable before the deduction 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.

About our non personal notice accounts

 

If you run a charity, club or society, it’s likely you’ll want to make the most of your funds available. Having your cash sitting around in a bank account, where interest rates tend to be lower, isn’t always the best solutionWhen you rely on donations and grants to keep you goingstretching those pounds as far as possible can make all the difference. 

That’s why at Hodge, we have a range of notice deposit accounts available to help you get the most from your money. Keep reading to find out all you need to know about our variable rate accounts and the benefits to having one. 

What is a notice deposit account? 

 

notice deposit account is one where you’ll need to give your bank notice before withdrawing. These notice periods can vary with some requiring none and others needing as much as 90 days, so it’s important you consider this when choosing your account type. You’ll usually need to send your notice in writing and specify exactly how much you’d like to withdraw.  

You won’t be able to get your money faster than the notice period, so it’s important you’re sure you won’t need it more quickly than the notice period you choose. 

Who can open a non-personal notice deposit account? 

 

You can open one of our non-personal notice deposit accounts if you’re a club, society, trust or charity or are looking after retirement funds through a SIPP or SSAS scheme. These accounts are best suited to those who have a set date in mind for when the funds will be needed, so whether you’ve got a big charitable event or a group club trip coming up and you want to see a great return on your savings, a notice deposit account could be a great idea.  

Alternatively, if you’ve got a large pot of cash sitting around and you know it won’t be needed for a fixed period of time, one of our fixed-term savings accounts may be more suitable. 

 

Benefits of notice deposit accounts

There’s a number of great benefits you get when you open a notice deposit account, including: 

  • More flexible than fixed accountswith a notice deposit account you won’t be tied down by fixed periods and you’ll be able to access your money more easily. 
  • Variable interest rate: unlike our fixed accounts, the interest rates are variable, so you may be able to benefit from increasing rates during the time your cash is with us. 
  • The longer the notice period, the more you save: if you can afford to go for an option with a longer notice period, the better interest rates you unlock and the harder your money works. 
  • FSCS protection: up to £85,000 of your savings with us are protected by the Financial Services Compensation Scheme (FCSC), so you can rest assured that your cash is safe and secure. 

Protecting your money

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

Find out more