SUMMARY BOX - Key Product Information for 1 Year Notice Deposit Accounts
1 Year Notice Deposit Account (Offered in Sterling)
What is the interest rate?
Sterling - Currently the account pays a spread of ??? over three month GBP LIBOR. Current rate: ??? p.a (rate valid as at ?? – subject to availability).
Can Bank Leumi (UK) plc change the interest rate?
Yes, these rates are variable. We can increase or decrease any time. We will give notice prior to any change.
What would the estimated balance be after 12 months based on a $250,000?
A deposit of £1,000 at an annual Gross rate of 1.00% would generate an estimated balance of £1,010.00 after 12 months.
How do I open and manage my account?
How to open the account:
All deposit products are subject to Bank Leumi (UK) plc’s standard terms and conditions and and may be conditional upon satisfactory completion of any application forms and documentation.
Min £???, Max £???
Min $???, Max $???
How to manage the account
Once opened you can find out your balance by contacting the Bank.
Can I withdraw money?
Yes, you do need to give 365 days’ notice to make a withdrawal or close your account.
If you wish to withdraw money from your 1 Year Notice Account without giving us the required notice, we will normally only agree to such a request in special circumstances. If we agree to your request then, depending on the investment term of your account, you may also be required to serve a notice period before you make the withdrawal or close the account. An administration fee and early withdrawal charge, calculated at the time of the withdrawal, will apply.
There is a 14 day cooling off period for the 1 Year Notice Account. If you decide to cancel within the 14 days we will not deduct Early Withdrawal Charges, but you will not be entitled to interest for the number of days your deposit has been with us.
We do not deduct tax from any interest paid to you.
Tax benefits depend on individual circumstances and could change in the future.
- AER stands for Annual Equivalent Rate. This shows you what the gross rate would be if interest were paid and compounded each year.
- Gross is the rate of interest if interest were paid and not compounded each year
Rates are correct as at ???.
Bank Leumi (UK) plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.