Earn great returns without locking away your money.

With a Savings Direct 7 Day Notice Account from Allied Irish Bank (GB), you can earn a competitive variable interest rate. This account is available to our personal customers only and can be operated by phone and by post.

Please note: this account is currently unavailable to new and existing customers.

If you currently have a Savings Direct 7 Day Notice Account with Allied Irish Bank (GB), you have the opportunity to switch your funds (minimum of £5,000) to a Savings Direct Fixed Rate Bond.  

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    Savings Direct 7 day Notice Account Features & Benefits

    • Earn a competitive interest rate for your money.
    • Add to your savings anytime.
    • Get access to your money within 7 days’ notice.

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    How it Works

    • You can open your Savings Direct 7 Day Notice Account by post only.
    • Lodgements can only be made by cheque and electronic transfer.
    • Minimum balance on the account is £1, maximum balance on the account is £1,000,000.
    • You can withdraw money from this account to a bank account in your name, nominated at account opening.
    • This account can only be operated by phone and by post.
    • Interest is calculated daily and paid yearly in April.
    • You can access your funds by serving the relevant notice period.
    • You don’t need to make regular deposits - but if you wish to save regularly you can by means of a standing order from any current account or demand deposit account.
    • We understand that under exceptional circumstances you may require emergency access to your funds. If you make a withdrawal without the full, specified notice period being served, you will be charged. This is calculated as follows:

     

    Withdrawal Amount x Interest Rate x Notice Days Not Served/ 36,500

     

    Example: You wish to withdraw £1000 from your Savings Direct 7 Day Notice Account on which you have not served any notice. The variable interest rate on your account, on the day of withdrawal, is 1.15%. (The variable rate used in the calculation is indicative, and has been chosen for illustrative purposes only). The following Breach of Notice Cost would apply:

    £1000 x 1.15 x 7/36,500 = £0.22

     

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    Tax on interest earned on Savings Direct 7 Day Notice Accounts

    From 6 April 2016 - Credit interest on all accounts will be paid gross (under new legislation tax will not be deducted when credit interest is paid). If your credit interest is more than your personal Savings Allowance you may still have to pay tax. Please see www.gov.uk for information on the Personal Savings Allowance or speak to a tax advisor.

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Talk to Us

Please call us for further information, as this product is currently unavailable to new and existing customers. Call +(0)345 455 22 22 if from the UK or +44 (0) 203675 1437  if calling from oversees to talk to our Customer Service Team. We’ll be happy to answer any questions you might have about Savings and Deposits with Allied Irish Bank (GB).

 

† Lines open: 9am to 5pm Monday - Friday (excluding Bank Holidays). Calls may be recorded. Call charges may vary - refer to your service provider.

Help and Guidance

 

Interest Rates

 

HMRC (HM Revenue & Customs)

The HMRC is responsible for the collection of taxes and duties in the UK.

 

Downloads

Terms and Conditions

View the Savings Direct 7 Day Notice Account Terms and Conditions.

 

Change of Address Form

You can use this form to let us know of any changes to your residential address.

 

Change of Nominated Bank Account Form

Complete this form if you would like to change your Nominated Bank Account from the one we currently hold for you.

 

Change of Name Form

If your name changes, please complete this form and send back to us.

 

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