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32 Day Notice Account

A business notice account for organisations that want to earn interest and can give 32 days’ notice to withdraw their money.

Open account

Why choose a 32 Day Notice Account?

Let’s break it down

Terms and conditions expandable section

32 Day Notice Account factsheet (PDF, 88KB)

General terms and conditions (PDF, 176KB)

Islands Commercial account conditions (PDF, 134KB)

Open an Island 32 Day Notice Account

Choose the option that best matches your business.

Frequently asked questions

What is the minimum deposit and withdrawal amounts? expandable section

The minimum deposit is £100,000, $100,000 or €100,000. The minimum withdrawal amount is £50,000, $50,000 or €50,000.
What documentation will I need to give to open a new account? expandable section

You'll need proof of identity and address for all key parties, plus any business documentation that we need. To certify your documents, read our guide (PDF, 96KB).
When is interest paid on the account? expandable section

Interest is paid monthly. The initial variable interest rate for your account will be agreed when you open it. You’ll start to earn interest on your money from the date they clear.
What happens when I give notice? expandable section

Once we receive notice, the withdrawal amount will earn interest at the fixed rate. On the withdrawal date, money will be returned to your servicing account.
Can I add money to my account after opening it? expandable section

Yes. You can make further deposits to your account.
Can I access my money before the 32 day notice period ends? expandable section

No. Withdrawals can only be made once the full 32 day notice period has been completed.
Which currencies can I open an account in? expandable section

Accounts can be opened in pounds sterling, US dollars and euros. Other currencies on request.
How do I give notice for a withdrawal? expandable section

You can give notice by contacting your relationship manager or by contacting us.

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