Save and earn 3% AER with the 32 Day Notice Savings Account

32 Day Notice Account (powered by Investec)

• 2.96% Gross* / 3.00% AER*
• Interest is calculated daily on the full closing balance in the account.
• If you make a withdrawal request, interest will be calculated on the total amount in the account up to, but not including the day of the withdrawal.
• Interest is applied to the account on the first day of every month, rounded to the nearest penny.

• Yes, the Interest rate is variable and can be increased or reduced at any time.
• If Investec increase the interest rate on your account, the change will take effect on the first day of the next calendar month (or in some cases, immediately).
• If Investec decrease the interest rate on your account, we will notify you via the Moneybox App, and by email at least 46 calendar days before the decrease takes effect and provide a reminder notice to you 14 days before.

• At current interest rates:
• A deposit of £1,000.00 would earn £30.00 after 12 months, for a final balance of £1,030.00
• These are illustrative examples that assume you make the full deposit when opening the account and do not make any withdrawals in the following 12 months. These examples are not based on your individual circumstances.

• This account is available to all UK residents over the age of 18, with a minimum balance of £1.00 and a maximum balance of £85,000.
• You can open and manage the 32 Day Notice Account all directly through the Moneybox App.
• You may only make payments into the account via the Direct Debit arrangements managed via the Moneybox App.
• Joint accounts are not allowed.

• Yes, withdrawal requests can be made via the Moneybox App at any time after the funds are deposited into the account.
• On the Business Day after receipt of your withdrawal instruction we will request the return of your money from Investec.
• We will receive the money once the 32 day notice period has elapsed and will return the money to your nominated bank account within one Business Day.
• Your money will continue to earn interest until it is returned to us as above.
• You will not earn any further interest on money after it has been returned to us or while it is sent to you.

• The information provided in this summary box is a summary of the key features of this document.
• *AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once a year.
• *Interest will be paid gross. Gross interest does not take into account any tax payable.
• Depending on your individual circumstances, you might have to pay tax on any interest you earn. If you have any specific tax questions you should seek professional tax advice.
• Alternatively, further guidance can be found on the HMRC website, for further information please go to: https://www.gov.uk/apply-tax-free-interest-on-savings . Please note that your tax treatment may be subject to change in the future.
• You are protected by FSCS up to a maximum of £85k across all of your eligible Investec accounts. Therefore, this maximum is the total protection for this deposit and any others you may hold with Investec directly. For all the information you need on FSCS please go to https://www.fscs.org.uk/ .
• In the event of Investec’s failure the reimbursement period for money held via Moneybox may take longer than if the Money was held directly with Investec. For all information you need on the FSCS repayment timelines please go to https://www.fscs.org.uk/what-we-cover/banks-building-societies/ .