Fixed Term Deposit Accounts. 11.1 This clause 11 sets out the terms and conditions relating to fixed term deposit accounts (the "Fixed Term Deposit Account"). In the event that this clause 11 is inconsistent with any other clause of this Agreement, in respect of Fixed Term Deposit Accounts, this clause 11 shall prevail. 11.2 We only allow cleared funds to be transferred into your Fixed Term Deposit Account. Therefore, a cheque used as a deposit must be paid into your current account then, once the cheque has cleared, we will transfer the funds into your Fixed Term Deposit Account. You will receive the interest rate applicable once the funds have been transferred into your Fixed Term Deposit Account. 11.3 The interest rate you receive is a Managed Rate and is fixed for the term of the Fixed Term Deposit Account and is calculated daily on the cleared balance. We will tell you what the applicable interest rate is when your Fixed Term Deposit Account is opened. 11.4 We will pay you interest when we repay your deposit. The interest may be added to your Fixed Term Deposit Account or credited to you by cheque or by automated bank transfer to any UK bank account that you may nominate for such purpose. 11.5 You cannot make additions to your initial deposit into your Fixed Term Deposit Account but you can open more than one Fixed Term Deposit Account. Each Fixed Term Deposit Account will receive interest at the rate applicable at the time of opening. 11.6 No early withdrawals of capital are allowed during the term of the Fixed Term Deposit Account either in whole or in part. 11.7 You must contact us at least two Working Days before your Fixed Term Deposit Account matures to let us know what you wish to do on maturity. However, we will notify you in advance of the maturity date, but if we don't hear from you, your account will automatically be transferred to a Current Account.
Appears in 2 contracts
Samples: Terms and Conditions, Business Banking Terms and Conditions
Fixed Term Deposit Accounts. 11.1 This clause 11 sets out the terms and conditions relating to fixed term deposit accounts (the "Fixed Term Deposit Account"). In the event that this clause 11 is inconsistent with any other clause of this AgreementAgreement then, in respect of Fixed Term Deposit Accounts, this clause 11 shall prevail.
11.2 We only allow cleared funds to be transferred into your Fixed Term Deposit Account. Therefore, a cheque used as a deposit must be paid into your current account with us then, once the cheque has cleared, we will transfer the funds into your Fixed Term Deposit Account. You will receive the interest rate applicable once the funds have been transferred into your Fixed Term Deposit Account.
11.3 The interest rate you receive is a Managed Rate and is fixed for the term of the Fixed Term Deposit Account and is calculated daily on the cleared balance. We will tell you what the applicable interest rate is when your Fixed Term Deposit Account is opened.
11.4 You cannot make additions to your initial deposit into your Fixed Term Deposit Account but you can open more than one Fixed Term Deposit Account. Each Fixed Term Deposit Account will receive interest at the rate applicable at the time of opening.
11.5 No early withdrawals of capital are allowed during the term of the Fixed Term Deposit Account either in whole or in part.
11.6 You must contact us at least two Working Days before your Fixed Term Deposit Account matures to let us know what you wish to do on maturity. In the absence of any other instructions, we will renew your Fixed Term Deposit Account it for the same term at the prevailing interest rate when it matures. If you wish you can provide us with standing instructions when you make a Fixed Term Deposit Account or set up an automatic rollover so that until further notice your Fixed Term Deposit Account is renewed for the same term at the prevailing interest rate each time it matures.
11.7 We will pay you interest when we repay your deposit. The interest may be added to your Fixed Term Deposit Account or credited to you by cheque or by automated bank transfer to any UK bank account that you may nominate for such purpose.
11.5 You cannot make additions to your initial deposit into your Fixed Term Deposit Account but you can open more than one Fixed Term Deposit Account. Each Fixed Term Deposit Account will receive interest at the rate applicable at the time of opening.
11.6 No early withdrawals of capital are allowed during the term of the Fixed Term Deposit Account either in whole or in part.
11.7 You must contact us at least two Working Days before your Fixed Term Deposit Account matures to let us know what you wish to do on maturity. However, we will notify you in advance of the maturity date, but if we don't hear from you, your account will automatically be transferred to a Current Account.
Appears in 1 contract
Samples: Terms and Conditions
Fixed Term Deposit Accounts. 11.1 10.1 This clause 11 10 sets out the terms and conditions relating to fixed term deposit accounts (the "Fixed Term Deposit Account"). In the event that this clause 11 10 is inconsistent with any other clause of this Agreement, in respect of Fixed Term Deposit Accounts, this clause 11 10 shall prevail.
11.2 10.2 We only allow cleared funds to be transferred into your Fixed Term Deposit Account. Therefore, a cheque used as a deposit must be paid into your current account then, once the cheque has cleared, we will transfer the funds into your Fixed Term Deposit Account. You will receive the interest rate applicable once the funds have been transferred into your Fixed Term Deposit Account.
11.3 10.3 The interest rate you receive is a Managed Rate and is fixed rate of interest for the term of the Fixed Term Deposit Account and is calculated daily on the cleared balance. We will tell you what the applicable interest rate is when your Fixed Term Deposit Account is opened.
11.4 10.4 We will pay you interest when we repay your deposit. The interest may be added to your Fixed Term Deposit Account or credited to you by cheque or by automated bank transfer to any UK bank account that you may nominate for such purpose.
11.5 10.5 You cannot make additions to your initial deposit into your Fixed Term Deposit Account Account, but you can open more than one Fixed Term Deposit Account. Each Fixed Term Deposit Account will receive interest at the rate applicable at the time of opening.
11.6 No early withdrawals of capital are allowed during 10.6 If you withdraw any money from your fixed term deposit prior to the maturity date you will lose all interest entitlement to your fixed term of deposit and the Fixed Term Deposit Account either in whole or in partremaining balance will be transferred immediately to your current account with Isbank London branch.
11.7 10.7 You must contact us at least two Working Days before your Fixed Term Deposit Account matures to let us know what you wish to do on maturity. However, we will notify you in advance of the maturity date, but if we don't hear from you, your account will automatically be transferred to a Current Account.
Appears in 1 contract
Fixed Term Deposit Accounts. 11.1 4.1 This clause 11 sets out is an interest bearing Account intended for saving.
4.2 By opening this Account, you agree to leave your money in the terms and conditions relating Account for a fixed period of time (we call this the “deposit period”). You can choose the deposit period ranging from one month to five years. In return, we agree to pay you a fixed term rate of interest. Withdrawal of funds before the end of the deposit accounts (period is not usually permitted.
4.3 You must be aged eighteen or older to open an Account. If you are under eighteen, the "account can be opened under guardianship. For more details on the eligibility criteria, please contact us at our nearest branch or call our customer support team at 0800 849 9229. A Business Current Account holder can also open a Fixed Term Deposit Account", also referred as Business Fixed Deposit on our website at xxxxx://xxx.xxxxxx.xxx/PNBIL/FixedDeposit/Business-Fixed- Deposit.
4.4 Once you have opened your Account the Interest rate remains unchanged for the duration of the deposit period irrespective of any movement in market interest rates. See clause 9 of General Terms and Conditions.
4.5 We will ask you to open another Account with us (we call this the “Operative Account”) which is not another Fixed Term Deposit Account (for instance, a current Account or a Savings Account or a Business Current Account). In The opening and closure of a Fixed Term Deposit Account and any interest payments will be routed through the event that this clause 11 is inconsistent with any other clause of this Agreement, in respect of Operative Account. No direct remittances are allowed from Fixed Term Deposit Accounts, this clause 11 shall prevail.
11.2 4.6 We only allow cleared funds to be transferred into your will issue you with a computer generated deposit advice when we open a Fixed Term Deposit Account. Therefore, Account but no other receipt will be issued.
4.7 The key features of a cheque used as a deposit must be paid into your current account then, once the cheque has cleared, we will transfer the funds into your Fixed Term Deposit AccountAccount are: ✓ You agree to pay money into your Account and to leave your money in the Account for the full deposit period ranging from 1 month to 5 years 🗶 No withdrawals. You will receive cannot take money out during the interest rate applicable once the funds agreed deposit period ✓ You can open an Account in Sterling, US Dollars or Euros 🗶 No Cheque book ✓ Minimum balance required of £1000, $1000, €1000 🗶 No Debit card ✓ You need to have been transferred into your another Account with us which is not another Fixed Term Deposit Account.
11.3 Account 🗶 No Direct Debits and Standing Orders ✓ The interest rate you receive is a Managed Rate and is fixed fixed. We pay interest on your Account balance at the agreed rate which will not change for the term duration of the deposit period 🗶 No Overdraft(s) ✓ You can tell us when to pay you interest (see our website) 🗶 Internet and Mobile Banking (view balance only)
4.8 If the Fixed Term Deposit Account is a joint Account and is calculated daily on you or any of the cleared balance. We will tell you what other joint Account holder(s) die during the applicable interest rate is when your Fixed Term Deposit Account is opened.
11.4 We will pay you interest when we repay your period of deposit. The interest may be added to your Fixed Term Deposit Account or credited to you by cheque or by automated bank transfer to any UK bank account that you may nominate for such purpose.
11.5 You cannot make additions to your initial deposit into your Fixed Term Deposit Account but you can open more than one Fixed Term Deposit Account. Each Fixed Term Deposit , the Account will receive interest at stay open in the rate applicable at the time of opening.
11.6 No early withdrawals of capital are allowed during the term name of the Fixed Term Deposit surviving Account either in whole or in part.
11.7 You must contact us at least two Working Days before your Fixed Term Deposit Account matures to let us know what you wish to do on maturity. However, we will notify you in advance holder(s) until the end of the maturity date, but if we don't hear from you, your account will automatically be transferred to a Current Accountperiod of deposit.
Appears in 1 contract
Fixed Term Deposit Accounts. 11.1 This clause 11 10. sets out the terms and conditions relating to fixed term deposit accounts (the "Fixed Term Deposit Account"). In the event that this clause 11 10. is inconsistent with any other clause of this Agreement, in respect of Fixed Term Deposit Accounts, this clause 11 10. shall prevail.
11.2 . We only allow cleared funds to be transferred into your Fixed Term Deposit Account. Therefore, a cheque used as a deposit must be paid into your current account then, once the cheque has cleared, we will transfer the funds into your Fixed Term Deposit Account. You will receive the interest rate applicable once the funds have been transferred into your Fixed Term Deposit Account.
11.3 . The interest rate you receive is a Managed Rate and is fixed rate of interest for the term of the Fixed Term Deposit Account and is calculated daily on the cleared balance. We will tell you what the applicable interest rate is when your Fixed Term Deposit Account is opened.
11.4 . We will pay you interest when we repay your deposit. The interest may be added to your Fixed Term Deposit Account or credited to you by cheque or by automated bank transfer to any UK bank account that you may nominate for such purpose.
11.5 . You cannot make additions to your initial deposit into your Fixed Term Deposit Account Account, but you can open more than one Fixed Term Deposit Account. Each Fixed Term Deposit Account will receive interest at the rate applicable at the time of opening.
11.6 No early withdrawals of capital are allowed during . If you withdraw any money from your fixed term deposit prior to the maturity date you will lose all interest entitlement to your fixed term of deposit and the Fixed Term Deposit Account either in whole or in part.
11.7 remaining balance will be transferred immediately to your current account with Isbank London branch. You must contact us at least two Working Days before your Fixed Term Deposit Account matures to let us know what you wish to do on maturity. However, we will notify you in advance of the maturity date, but if we don't hear from you, your account will automatically be transferred to a Current Account.
Appears in 1 contract
Samples: Terms and Conditions
Fixed Term Deposit Accounts. 11.1 10.1 This clause 11 10 sets out the terms and conditions relating to fixed term deposit accounts (the "Fixed Term Deposit Account"). In the event that this clause 11 10 is inconsistent with any other clause of this AgreementAgreement then, in respect of Fixed Term Deposit Accounts, this clause 11 10 shall prevail.
11.2 10.2 We only allow cleared funds to be transferred into your Fixed Term Deposit Account. Therefore, a cheque used as a deposit must be paid into your current account with us then, once the cheque has cleared, we will transfer the funds into your Fixed Term Deposit Account. You will receive the interest rate applicable once the funds have been transferred into your Fixed Term Deposit Account.
11.3 10.3 The interest rate you receive is a Managed Rate and is fixed for the term of the Fixed Term Deposit Account and is calculated daily on the cleared balance. We will tell you what the applicable interest rate is when your Fixed Term Deposit Account is opened.
11.4 10.4 You cannot make additions to your initial deposit into your Fixed Term Deposit Account but you can open more than one Fixed Term Deposit Account. Each Fixed Term Deposit Account will receive interest at the rate applicable at the time of opening.
10.5 If you withdraw any money from your Fixed Term Deposit prior to the maturity date you will lose all interest entitlement to your Fixed Term Deposit and the remaining balance will be transferred automatically to a Current Account.
10.6 You must contact us at least two Working Days before your Fixed Term Deposit Account matures to let us know what you wish to do on maturity. However, we will provide you with written notice 15 days in advance of maturity. Unless we hear from your or we already have written instruction from you to the contrary, the balance on your Fixed Term Deposit at maturity will be automatically rolled over into another equivalent Fixed Term Deposit available as published on our website. If such an equivalent product is no longer on offer the balance of your Fixed Term Deposit will be transferred to a Current Account.
10.7 We will pay you interest when we repay your deposit. The interest may be added to your Fixed Term Deposit Account or credited to you by cheque or by automated bank transfer to any UK bank account that you may nominate for such purpose.
11.5 You cannot make additions to your initial deposit into your Fixed Term Deposit Account but you can open more than one Fixed Term Deposit Account. Each Fixed Term Deposit Account will receive interest at the rate applicable at the time of opening.
11.6 No early withdrawals of capital are allowed during the term of the Fixed Term Deposit Account either in whole or in part.
11.7 You must contact us at least two Working Days before your Fixed Term Deposit Account matures to let us know what you wish to do on maturity. However, we will notify you in advance of the maturity date, but if we don't hear from you, your account will automatically be transferred to a Current Account.
Appears in 1 contract
Samples: Terms and Conditions
