Furness Notice 90 Account

To open an account simply call into your local Furness branch or agency with your initial investment and identification.  You can also access the application form by clicking "Apply now" on this webpage. 

You will need to provide some identification when you open your account.  Details of our Identification requirements can be found on this website, by asking at your local branch or agency or by contacting Furness Direct on 0800 834312.  If you are already a Furness customer, in most cases this will not be necessary.

Minimum Investment - £1,000.

Maximum Investment - £250,000

To receive monthly interest on this account, the minimum investment is £2,500.  You can add to your account at any time subject to the maximum limit. Payments can be made by standing order, by cash or cheque at your local Branch or Agency.  You may also send a cheque through the post if required.  Please ensure that cheques are made payable to yourself and quote the account number on the payee line.

The interest rate is variable and is paid on the anniversary of the account or paid monthly to another Furness account, your bank account or added to your Notice 90 Account. Interest is calculated on a daily basis and when added to the account, this amount may be withdrawn without the usual notice or penalty, providing the withdrawal is made within 6 months of the interest being added. The interest must be taken as one withdrawal. After the 6 month period all withdrawals are treated as withdrawal of capital and will be subject to the normal terms and conditions.

If the balance in your account falls below £2,500, the monthly income option does not apply and interest is paid or added to your account on the anniversary.

If the balance of the account falls below £1,000 the Furness Access rate applies. You can find out about our interest rates on this website, by asking at your local branch or agency for a Current Interest Rate leaflet or by calling Furness Direct on 0800 834312.

You are required to give 90 days’ notice of withdrawal and, provided such notice is given, withdrawals may be made without loss of interest.

Notice of withdrawal may only be given in respect of cleared funds held in the account on the date notice is given.

If 90 days’ notice has not been given, withdrawals will be subject to a penalty amounting to 90 days’ interest. This will be calculated using the gross rate of interest payable on the account on the day the withdrawal is made. The penalty will be charged against accrued interest. If the penalty is higher than the accrued interest, it will be applied against the remaining capital balance in the account with any remainder being deducted from the amount withdrawn.

If the notice period ends on a weekend or Bank Holiday, the notice will be deemed to end on the last working day before the weekend or Bank Holiday and the amount to be withdrawn will therefore be available from that date. Notice withdrawals must be for specified amounts unless closure is requested. Notice may only be given to withdraw cleared funds not subject to an existing notice of withdrawal (i.e. notices may not run concurrently against the same funds). Only one notice may be pending against the account at any one time.

On expiry of the notice period any withdrawal must be taken in one transaction. Withdrawing the sum placed on notice in several transactions is not permitted. Please note that branch and agency limits apply to cash withdrawals.