120-Day Notice e-Saver (Issue 4) 4.00%

Notice e-Saver

4.00% AER / 4.00% gross p.a.*

Interest is calculated daily and is capitalised on the anniversary of the account being opened, or at closure. You will start earning interest once your account balance reaches £1,000. If additional money is added after this point, interest will be paid on that amount from the day it is deposited.

*The Annual Equivalent Rate (AER) illustrates what the interest rate would be if interest was paid and compounded once each year, and it makes it easier for you to compare savings accounts.
Gross p.a. is the interest rate without tax deducted.

Castle Trust Bank can change the interest rate on Notice e-Savers:
• if we increase the interest rate, we will notify you at the time of the change and the new interest rate will be applied to your account from that point forward.

• if we decrease the interest rate, we will notify you in advance of the change equal to the Notice Period on your account plus an additional 14 calendar days, after which the new interest rate will be applied.

On a deposit of £1,000.00 the estimated balance would be:

The estimated balances are for illustration only and are based on:

• interest is calculated daily and added annually,
• the assumption that the Notice e-Saver is not closed before the anniversary of the account being open.

To apply for a Notice e-Saver you must:

• be aged 18 or older,
• be a UK resident,
• have a National Insurance number,
• have a UK mobile number and a valid email address,
• have a UK based current account in the name of the account holder(s).

You can apply for a Notice e-Saver online through the website and, once you have registered your online log in details, through the Self Service Portal or the mobile app. A Notice e-Saver can have up to two joint account holders.

Your account will start to earn interest when the balance meets the minimum of £1,000. Interest is then earned up to the maximum balance of the account. The maximum balance that can be held in this account is £100,000 (unless exceeded due to interest received). If a withdrawal takes your balance under the minimum of £1,000, your account will stop earning interest until the minimum balance is once again reached.

A Notice e-Saver is an online account and is intended to be managed online through the Self Service Portal or the mobile app. You can view your accounts, download copies of statements, provide your maturity instructions online as well as contact us for any queries you may have, through the message centre in the Self Service Portal.

Withdrawals can be made, subject to the provision of the appropriate number of days' notice applicable to your account.

You have the right to cancel your account during the 14 days from your account opening date, we call this the “Cooling Off Period”. You don’t need to give us a reason and we won’t charge you a cancellation fee, however, if you cancel your account during the Cooling Off Period, you won’t receive any interest on your deposit for the time it was in your Notice e-Saver.

Interest is paid at the Gross Rate without deducting any tax. You may need to pay tax on any interest that exceeds your Personal Savings Allowance. For more information, please visit HMRC’s website hmrc.gov.uk.