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    Information Sheet: Liquidity Manager 35 Day Notice Account

    Uploaded by

    Antoon Lorents
    This document provides information about the Liquidity Manager 35 Day Notice Account offered by Royal Bank of Scotland. The account pays interest of 0.05% AER variable and requires 35 days' notice for withdrawals. Interest is calculated daily and paid monthly. The bank can change the interest rate with notice. Examples show potential balances of £25,012.50, £500,250.06 and £1,000,500.11 after 12 months based on initial deposits of £25,000, £500,000 and £1,000,000 respectively. The account can be managed in branch, online or by phone with no minimum deposit or maximum balance limits.

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    © All Rights Reserved
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    Information Sheet: Liquidity Manager 35 Day Notice Account

    Uploaded by

    Antoon Lorents
    285 views2 pages
    This document provides information about the Liquidity Manager 35 Day Notice Account offered by Royal Bank of Scotland. The account pays interest of 0.05% AER variable and requires 35 days' notice for withdrawals. Interest is calculated daily and paid monthly. The bank can change the interest rate with notice. Examples show potential balances of £25,012.50, £500,250.06 and £1,000,500.11 after 12 months based on initial deposits of £25,000, £500,000 and £1,000,000 respectively. The account can be managed in branch, online or by phone with no minimum deposit or maximum balance limits.

    Original Title

    RBS-Liquidity-Manager-Notice-Account-Info-35

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    This document provides information about the Liquidity Manager 35 Day Notice Account offered by Royal Bank of Scotland. The account pays interest of 0.05% AER variable and requires 35 days' notice for withdrawals. Interest is calculated daily and paid monthly. The bank can change the interest rate with notice. Examples show potential balances of £25,012.50, £500,250.06 and £1,000,500.11 after 12 months based on initial deposits of £25,000, £500,000 and £1,000,000 respectively. The account can be managed in branch, online or by phone with no minimum deposit or maximum balance limits.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    285 views2 pages

    Information Sheet: Liquidity Manager 35 Day Notice Account

    Uploaded by

    Antoon Lorents
    This document provides information about the Liquidity Manager 35 Day Notice Account offered by Royal Bank of Scotland. The account pays interest of 0.05% AER variable and requires 35 days' notice for withdrawals. Interest is calculated daily and paid monthly. The bank can change the interest rate with notice. Examples show potential balances of £25,012.50, £500,250.06 and £1,000,500.11 after 12 months based on initial deposits of £25,000, £500,000 and £1,000,000 respectively. The account can be managed in branch, online or by phone with no minimum deposit or maximum balance limits.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    Information sheet

    Liquidity Manager 35 Day Notice Account


    Earn higher returns on your savings, without locking away your surplus funds for a long time

    This leafet sets out the key information you need to know about your account. It should be read together with the
    Business account terms and Credit Interest Rates. Please keep it for future reference.
    Summary Box
    Account name Liquidity Manager 35 Day Notice Account
    Rate from 1st July 2021
    What is the interest rate? Balance AER/Gross p.a. (variable)
    £0+ 0.05%
    Interest is currently paid on a fat basis which means you’ll earn one rate on your
    entire account balance.
    Interest is calculated daily and paid on the last business day of the month and at
    account closure. You’ll be able to see and access the interest in your account on the
    following business day.
    Can Royal Bank of Scotland Yes, this rate is variable. We can increase or decrease the rate for the reasons set out
    change the interest rate? in the Business account terms.
    If the rate is going down, we’ll give you at least 60 days’ notice. If it is going up, we’ll
    give you notice either before the change happens, or as soon as possible afterwards.
    Please see General Terms 11.1 and 11.3 of the Business account terms for more
    details on when we may change the interest rates and the notice we’ll give you.
    What would the estimated Initial deposit at Balance after Interest earned
    balance be after 12 months account opening 12 months
    based on a range of deposits?
    £25,000 £25,012.50 £12.50
    £500,000 £500,250.06 £250.06
    £1,000,000 £1,000,500.11 £500.11
    These are only examples and do not take into account your individual business
    circumstances. The examples assume that:
    • no further deposits or withdrawals are made;
    • any interest earned stays in the account; and
    • there is no change to interest rates.
    How do I open and manage You can manage your account in branch, online and by telephone.
    the account? There is no minimum deposit required to open the account, and there is no maximum
    balance limit.
    Can I withdraw money from Yes – 35 days’ notice is required.
    the account? Early withdrawals are not permitted.
    You can give notice to withdraw money:
    • in branch or in writing.
    You can withdraw money:
    • by transfer to your business current account at Royal Bank of Scotland;
    • by transfer to any other account based in the UK.
    Additional information Tax
    We do not deduct tax from the interest we pay to you. The tax treatment may be
    subject to change in the future and depends on your circumstances.
    Defnitions
    Annual Equivalent Rate (AER)
    This is a notional rate used for interest bearing accounts, which illustrates the interest
    rate if paid and compounded each year. It helps you to compare the effective rates of
    credit interest on different accounts.
    Gross Rate
    The interest rate you are paid.
    p.a.
    Per annum (per year).
    Interest rates are correct as at 01/07/2021 and are subject to variation.

    Royal Bank of Scotland plc. Registered in Scotland No. SC083026. Registered Office: 36 St Andrew Square, Edinburgh EH2 2YB.
    Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority
    and the Prudential Regulation Authority No. 114724.

    RBS06645 (01/07/2021)

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