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No Notice Account

With £1,000 or more to deposit you can earn interest whilst enjoying easy access to your funds.

The account is ideal for savers who wish to have easy access to their money.

You can add further funds, as long as they come from the same bank account as the original deposit.

Up to 0.10%

on deposits of £50,000+ for annual payment

Up to 0.10%

on deposits of £50,000+ for monthly payment

Apply - Annual interest Apply - Monthly interest
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Protecting your money

Your eligible deposits with Hodge Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme.

No Notice Account Summary

Account Name
No Notice Account.
What is the interest rate?
Up to 0.10% Gross Rate* - interest paid annually and compounded§ on deposits of 0-£49,999.
0.10% Gross Rate* - interest paid annually on deposits of £50,000+.
Can Hodge Bank change the interest rate?
Yes, subject to us giving you at least 7 days notice prior to the date of the interest rate change.
What would the estimated balance be after 12 months based on a range of deposits?
Below £1,000 No Interest
£1,000+ £1,001.00
£5,000+ £5,005.00
£10,000+ £10,010.00
£50,000+ £50,050.00
Assumes interest is compounded.
How do I open and manage my account?
You can open your account online, or by post. You can manage your account by post, telephone or online. The minimum deposit for a No Notice Account is £1,000.
Can I withdraw money?
Yes. Notice is not required.
Additional information
If the total amount of interest you earn exceeds your Personal Savings Allocance then you may have to pay tax directly to HMRC. For more information visit www.gov.uk and search 'Personal Savings Allowance'.

How to apply

You can choose to receive your interest monthly, or annually from your account. The interest rate on your account is flexible in line with the balance you hold.

Amount
Gross Rate* - interest paid annually
Gross Rate* - interest paid monthly
AER†
Amount £50,000+
Gross Rate* - interest paid annually 0.10%
Gross Rate* - interest paid monthly 0.10%
AER† 0.10%
Amount £10,000+
Gross Rate* - interest paid annually 0.10%
Gross Rate* - interest paid monthly 0.10%
AER† 0.10%
Amount £5,000+
Gross Rate* - interest paid annually 0.10%
Gross Rate* - interest paid monthly 0.10%
AER† 0.10%
Amount £1,000+
Gross Rate* - interest paid annually 0.10%
Gross Rate* - interest paid monthly 0.10%
AER† 0.10%
Amount Below £1,000
Gross Rate* - interest paid annually 0.00%
Gross Rate* - interest paid monthly 0.00%
AER† 0.00%

Applying offline

You can apply for this account by post by downloading the application form below

By Post

Hodge Bank, One Central Square, Cardiff, CF10 1FS.

Apply for a new account in under 10 minutes…

If you’re looking to open a new fixed rate savings account, you can apply online in under 10 minutes. Alternatively, you can download an application form or call us on 0800 028 3746.

FAQs

AER stands for Annual Equivalent Rate. It shows the rate of interest a saver will receive over a year, on the assumption that the cash is left in the account for the full year without any withdrawals.
Compound interest is interest paid on the initial principle as well as the accumulated interest on money you have invested. You earn interest on the money you deposit, and on the interest you have already earned

Glossary of Terms

*Gross
Is the contractual rate of interest payable before the deducation of income tax at the rate specified by law. The payment can be made annually or monthly.

†AER
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if paid and compounded each year.

§Compounded interest and interest paid away
Compounded interest is interest that rolls up annually and is paid on maturity of the account. Interest paid away means the interest isn’t compounded over the term of the account. It is placed into a designated current account every month

Not the product for you?

Why not browse our range of other accounts to see which may suit you best

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Protecting your money

Your eligible deposits with Hodge Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme.

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Why Hodge

Doing the right thing is what we aim to do in all areas of our business – it guides our decisions.

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Our service to you

We do the right thing for our customers and are committed to providing good service. Banking with us is stress-free and straightforward.