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Liquidity Manager Notice Accounts
If you are looking to gain higher returns on your savings, but do not want to lock away your surplus funds for long periods of time, then Notice Accounts could be suitable for you. You can choose from 7 or 30 day notice periods.
Overview
Liquidity Manager Notice Accounts are available in 2 different notice periods: 7 Days and 30 Days. The term which is right for you will depend on how flexible you need your funds to be.
You will be able to withdraw your funds with no fee, when providing the relevant 7 or 30 Day notice period before withdrawal. If you require access to your funds before the relevant notice period has elapsed then you can do so, but you will incur an early withdrawal fee. This fee will be equivalent to the interest you would have earned during the notice period.
Feature & Benefits
- Available as 7 and 30 Day notice periods
- Interest is calculated on your daily balance. Interest paid will be applied on the last Business Day of each month and calculated on the Business Day before
- No minimum or maximum balances apply
- Higher interest rates apply for longer term Notice Accounts
- Rates are tiered so the more you save the more you earn
- An early withdrawal fee will apply when accessing funds without giving the full appropriate notice period
- Accounts can be registered on Bankline
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