95 Day Notice Deposit Accounts

SUMMARY BOX - Key Product Information for 95 Notice Deposit Accounts

Account Name?

95 Notice Deposit Account (Offered in Sterling and USD)

What is the interest rate?

Sterling:

  • Current margin: 0.40% over SONIA, 1-Banking day lookback.

USD:

  • Current margin: 0.45% over SOFR, 1-Banking day lookback.

Can Bank Leumi (UK) plc change the interest rate?

Yes, these rates are variable.  In fact, SONIA and SOFR are daily rates and therefore can change on a daily basis.  Both these rates are overseen and administered by the Bank of England and the New York Federal Reserve respectively. 

Our website contain links to the relevant pages of the Bank of England and the New York Federal Reserve for the official published daily SONIA and SOFR rates.

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 may be conditional upon satisfactory completion of any application forms and documentation.

Minimum/Maximum balance

GBP Min £250,000, Max £10,000,000

USD Min $250,000, Max $10,000,000

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 95 days’ notice to make a withdrawal or close your account.

If you wish to withdraw money from your 95 Day 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.

Additional information:

There is a 14 day cooling off period for the 95 Day 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.

Definitions: 

  • 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 03 Sep 2021.

Important Documentation

Before applying, please take the time to read the following documents. You may also want to print and/or save them for future reference.

Bank Leumi (UK) plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.