Will the interest or profit rate on my notice account ever change?
Answer
The partner bank on your notice account is entitled to change the interest rate. It may go up or down:
- In the event of a decrease: If the partner bank decides to reduce the rate, they will notify you. How much notice you are given will depend on the notice period on the account, and you can decide to give notice to end the deposit if you wish.
- In the event of an increase: If they choose to increase the rate, they’ll give you a few days’ notice.
In either case, we’ll post a message on your Cash savings hub to let you know the interest rate is changing. We’ll also confirm by email.