Island 30 Day Notice Account
[For UK CASS regulated companies only]
This deposit account is aimed at customers who can commit funds for 30 days. Designed for businesses in the Channel Islands and the Isle of Man.
Features and benefits
- The account offers a variable rate of interest.
- Available in Sterling, US Dollars and European Euros.
- Access funds when you give at least 30 calendar days’ notice.
- Minimum amount you can withdraw is GBP £50,000 / USD $50,000 or EUR €50,000.
- Minimum deposit is GBP £100,000 / USD $100,000 or EUR €100,000.
- The interest rate applied to withdrawn funds will be the reversion rate. This will apply for the duration of the notice period, from the date we receive your instruction. You’ll pay interest on these funds at the end of the notice period.
- Available to UK CASS regulated companies only.
Download the 30 Day Notice Account factsheets (PDF, 104KB) for full details.
Eligibility
The account is available to businesses that hold or control client funds. This is as set out by the UK Financial Conduct Authority’s Client Assets Sourcebook (CASS).
Interest rates
The initial variable interest rate for your account will be agreed when you open it. You'll start to earn interest on your funds from the date they clear.
Terms and conditions
Terms and conditions PDF (186KB) for Lloyds Bank Corporate Markets plc
Frequently asked questions
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Complete our contact form to apply or make an appointment
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You can deposit a minimum of GBP £100,000 / USD $100,000 or EUR €100,000 and a maximum of GBP £50,000,000 / USD $50,000,000 or EUR €50,000,000.
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Your balance must not fall below GBP £100,000 / USD $100,000 or EUR €100,000.
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You can open an account with Sterling, US Dollars or European Euros.
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You can withdraw money from your account by giving 30 days' notice. This should be done in writing to your relationship manager. The withdrawal amount must not be less than GBP £50,000 / USD $50,000 or EUR €50,000.
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Interest is paid each month.
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Rates are set on the 15th of each month (or the next bank working day). If your rate changes you'll be notified in your monthly statement.
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The account is available to businesses that hold or control client funds. This is as set out by the UK Financial Conduct Authority’s Client Assets Sourcebook (CASS).
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No, but 30 days notice must be given before you can withdraw funds. Additional monies can be added at any time, the maximum balance is GBP £50,000,000 / USD $50,000,000 or EUR €50,000,000.
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These services are designed for businesses operating in the Channel Islands or the Isle of Man.
Information on services for customers in the United Kingdom through Lloyds Bank plc.