35 Day Notice Charity Savings Account

1. £5000 – £999,999 – 1.30% AER*
2. £1 million – £10 million – 1.60% AER*

Interest is calculated daily and is paid into the Account on the last calendar day of each quarter.

*AER stands for Annual Equivalent Rate. It illustrates what your interest rate would be if interest was paid and compounded each year and allows you to easily compare different savings accounts. As every advertisement for a savings product, which quotes an interest rate, will contain an AER you will be able to compare more easily what return you can expect from your savings over time.

Yes, the interest rate applied to your Account is variable.

Should Reliance Bank Limited increase the interest rate, the new rate will be applied to your account immediately and the details of the change will be will be published on our website the same day.

Should the bank decrease the interest rate, we will advise you in writing and give you at least 14 calendar days’ notice before the change. If you are not happy with the Applicable Interest Rate change, you can at any time up to 30 days from the date we tell you about the change, close or switch your Account without paying any penalty or other charges.

Estimated balance in the account after 12 months will be £5,065.32*

*This calculation is for illustration purposes only.

*This example assumes there are no further deposits or withdrawals, changes to interest rates and interest is paid in the Account on the last working day of each quarter of the calendar year.

You can apply by completing the online savings application form, which can be found on our website.

You can manage your account online via our digital banking portal or by telephoning our Customer Experience Team on 0207 395 5400.

Yes, there is no limit to the number of withdrawals, but you must give 35 days’ notice to withdraw from your account.

A 35 day notice charity savings account requires you to provide a 35 day advance notice to withdraw funds. As a result, notice savings accounts generally offer slightly higher rates than instant access savings accounts. It’s designed for charity use only.

Yes, you can make withdrawals by providing a 35 days’ notice. However, please note that withdrawals are not permitted within the first 35 days of your initial deposit. You can submit withdrawal requests in writing or through our digital banking service. Our team will confirm your withdrawal date in writing.

To open the account, you must complete the online application form.

Once we receive your application, our team will review them and contact you with the next steps. Please do not send us any funds until our team have contacted you to explain how funds can be deposited safely and securely.

If you have any questions about the application process, please contact our Customer Experience Team on 020 7398 5400 or by email at Customer.experience@reliancebankltd.com.

You can do this by contacting our Customer Experience Team on 020 7398 5400.