Interest is calculated on the daily balance and paid monthly.
A cheque book facility, Redicard, Visa card or overdraft can be included. Direct debit for automatic deposits of salary, pension and child endowment to your account. Notice of Withdrawal Account Interest is calculated daily and paid monthly and as the name suggests, seven days notice is required for withdrawals. A higher than normal interest rate is paid as your savings are locked away until Christmas time when you really could use the extra cash. Payroll deductions can be arranged for this account, withdrawals can be arranged between November 1 and January 31.