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> Bank and finance > Notice account ?
Notice account ?
Notice account also called notice deposit. A savings account but you must not touch your money according to a notification of days...
What is a notice account ?
Notice account is a time deposit on which the account holder has to respect a specified number of days before making a withdrawal. Principal advantage of a notice savings account is the higher interest rate. There are several time periods of notification, 30 , 60 or 120 days.
Notice account: bonus !
As an incentive to save wisely, you’ll often find bonus clauses for instances where you go a whole year without touching your savings (1%).
Last week, UK Asset Resolution Limited (UKAR), the "bad seed" of the bank Northern Rock, anounced the payment of 2,15 billions pounds to the british department of finance after the 1,1 billion pounds in 2010.
The bank still owes 46,6 billions pounds to the Treasury after the British state bought out Northern Rock in 2008 to save it from bankrupcy.
UKAR, which also holds the account of lowns of Bradford & Bingley made a 1,09 billion profit in 2011. The (...)
Northern Rock : 2 billions for the state from the "Bad Bank"
Northern Rock Building Society was formed in 1965 as a result of the merger of two North East Building Societies; the Northern Counties Permanent Building Society (established in 1850) and the Rock Building Society (established in 1865).
During the 30 years that followed, Northern Rock expanded by acquiring 53 smaller building societies, most notably the North of England Building Society in 1994.
The bank has conducted during the 2000s a policy of loan risk: much of its (...)
