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Account Name |
Notice Savings Account |
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About us |
Ridgeway Alliance Trust has its registered office at One Thomas More Square, London E1W 1YN. It is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (Registration Number: 223268). It is subject to the laws of England and Wales. It is registered in England and Wales as a public limited company (Registration Number 04663024). |
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Account provider |
Ridgeway Alliance Trust – We are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (Registration Number: 223268).
We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a Bank is unable to meet its financial obligations. Most depositors – including most individuals and businesses – are covered by the scheme.
In respect of deposits, from 30 January 2017, an eligible depositor is entitled to claim up to €85,000. For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be €85,000 each (making a total of €170,000). The €85,000 limit relates to the combined amount in all the eligible depositor’s accounts with us including their share of any joint account, and not to each separate account.
For further information about the compensation provided by the FSCS (including the amounts covered and eligibility to claim) please ask at your local branch, refer to the FSCS website www.fscs.org.uk or call the FSCS on 41 43 508 5415 or 020 7741 4100. Please note only compensation related queries should be directed to the FSCS. |
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What is the interest rate? |
New Standard Monthly variable Interest Rate for all new and existing customers
Standard Monthly variable Interest Rate (new rate will be effective as above)
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Interest is accrued daily on the day end cleared balance and paid into your Account on the last business day of each month. This means that interest is compounded monthly.
Can Ridgeway Alliance Trust change the interest rate?
- Yes, the standard Monthly variable rate can be changed.
- We will keep you informed about changes in the interest rates on your account.
- If the change is to your advantage, we will tell you within 30 days of the change.
- If a change in interest rate is not to your advantage, we will always notify you in advance of the change taking effect.
- For Notice accounts - a period of 14 days plus the notice period required for withdrawals on your account type, will be applicable. Example; For a 45 days’ Notice account the new interest rate will be effective after a period of 14 days plus 45 days.
- Where we reduce the interest rate on your account you will have an option to close your account (subject to that account’s terms and conditions) without incurring charges or loss of interest or switch to another account (subject to the terms and conditions of your existing and new account). If you wish to switch or close your account, please inform us accordingly.
What would the estimated balance be after 12 months based on a €1000 deposit?
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On an amount of €1000, deposited for 12 months at standard variable interest rate of 0.55% (AER), you'll earn an interest of approximately €5.50.
The above example is applicable when amount is deposited for complete year and is not withdrawn from the account
How much can I save?
Minimum €1; There is no maximum amount.
How do I open and manage my account?
Eligibility:
You are eligible to open the Notice Savings Account if you meet the below criteria;
- 18 years or above
- Holding a HomeVantage Current Account with Ridgeway Alliance Trust
- Satisfactory identity and address verification
Steps to open Notice Savings Account:
- Login to your internet Banking,
- click on the “Instant Services”,
- select HomeVantage Current Account,
- Select “Open a Notice Savings Account”
Or
Visit any Ridgeway Alliance Trust branch and meet a member of branch staff to open your Notice Savings Account.
Alternatively you can call our contact centre to open notice savings account.
Can I withdraw money?
- Yes, Withdrawals are only available subject to 45 days’ notice or 95 days.
- Withdrawals can only be made in the form of transfers to your linked Home Vantage Current Account.
- Pre-mature withdrawals are not permitted.
- The notice period is based on calendar days and begins the day we receive your withdrawal request. If you initiate transaction on non-business day, the notice period will start from next business day.
- Your money will be transferred on the expiry of the notice date, which must be a business day, if the notice period is ending on non-business day, the transfer will be done on next business day, in accordance with the General Terms and Conditions.
Closure
Account can be closed by giving notice period mentioned in your product (either 45 Days and 95 Days)
Charges
Please refer to the Rates & Charges in the Link
Access
Account can be managed online and phone.
Contact details
Call us 24/7 on 41-43-508-5415 (Calls to this number use free plan minutes if available, otherwise they cost the same as 01/02 prefix calls) or email enquiries
