3.44%
2.55%
Overview of an iFAST app user, showing the option of Notice Deposit.

Grow Your Money Every Day

Earn Attractive Returns
Earn Attractive Returns

Enjoy competitive interest rates with iFAST that help your money grow, while having the flexibility to access your funds after providing a 95-Day Notice.

Start Saving with No Minimum Balance
Start Saving with No Minimum Balance

Start Freely in GBP, USD & HKD. No Minimum Balance, No Maximum Limits.

Keep your money safe
Keep your money safe

Eligible deposits are protected by FSCS up to a total of £ 120,000.

All in your control
All in your control

Flexible Savings with No Fixed Term. Simply Provide Us Notice to Withdraw Funds According to Your Agreed Terms.

Our Rates

GBP
3.44% AER
95 days Notice
USD
3.05% AER
95 days Notice
HKD
2.55% AER
95 days Notice

Can the interest rate change?

Yes, the interest rates on Notice Deposits are variable and can change during the deposit period.

When we increase the interest rate, you will enjoy the new rate the next day.

*If rates decrease, we will notify you at least 14 days in advance.

Interest Rate

Inform us 95 days ahead of your free withdrawal while you continue to earn daily interest with iFAST.

Free Withdrawal

Notice Deposit Summary Box

Expand All

95 Days Notice Deposit

CurrencyGross Annual Interest RateAER
British Pound (GBP)
3.39%3.44%
US Dollar (USD)
3.01%3.05%
Hong Kong Dollar (HKD)
2.52%2.55%
Important Notice:  Our interest rates may change. Kindly check the latest rates through your banking portal or mobile app after logging in.
Definitions
  1. AER stands for Annual Equivalent Rate. This shows you what the interest rate would be if interest was paid and compounded once each year.
  2. Gross is the rate of interest payable without taking account of any tax payable.
  3. Business Day refers to any days other than Saturday, Sunday, or Bank Holiday on which banks are open for business in London.
* Interest on your notice deposit is calculated on the balance at the end of each day and added to your account on the following Business Day.

Yes, if we decrease your rate in a way that is materially to your disadvantage, we will provide you with at least 109 days’ notice before the change comes into effect. If you wish to perform withdrawal following the receipt of such notice, the notice period set out below (in "Can I withdraw money?") will apply. If we increase your interest rate, we will notify you and the change will take effect on the next business day.

CurrencyInitial deposit at account openingProjected balance after 12 months
British Pound (GBP)
£1,000.00£1,034.48
US Dollar (USD)
US$1,000.00US$1,030.99
Hong Kong Dollar (HKD)
HK$1,000.00HK$1,025.52
Important Notice:  Our interest rates may change. Kindly check the latest rates through your banking portal or mobile app after logging in.
  1. The balance of your account after 12 months will depend on how much you deposit in the notice deposit.
  2. The above projections are provided for illustrative purposes and do not take into account your individual circumstances.
  3. The example assumes that:
    • No further deposits or withdrawals are made;
    • Any interest earned stays in the account;
    • And there is no change to interest rates.
  1. Eligibility
    • Please complete our digital onboarding process or submit your application for an iFAST Global Bank account via email. Once you're a client, you can apply online through your website portal or the iFAST Global Bank Business Banking app. Note that only users with Admin roles or those granted management permissions can open and manage the account.
  2. How to open the account
    • You can raise your request for new Notice Deposit Account using your website portal or iFAST Global Bank business banking app. Once we receive your instruction, we will proceed for the new Notice Deposit Account opening.
    • You can apply this Notice Deposit Account via the iFAST Global Bank website or mobile APP.
  3. Minimum/ Maximum Balance:
    • Multiple Notice Deposit Accounts are allowed.
    • Minimum deposit is 1 dollar (for any of the following currencies value: GBP/ USD/ HKD).
    • No maximum deposit amount.
  4. How to manage the account:
    • Once opened, Notice Deposit Account can be managed via our online customer banking portal or mobile app with 24/7 access.
    • Statements for Notice Deposit Account can be found via our online customer banking portal or mobile app with 24/7 access.
  1. Withdrawals require prior 95 days' notice. Withdrawals without the prior 95 days' notice are not permitted.
  2. Withdrawals will automatically be made into your Multi-Currency Current Account, at the end of the notice period.
  3. You can give notice to make a withdrawal via Business Banking Mobile App or the Web Portal.
  4. There are no limitations on number of withdrawals you can make on your account. Partial withdrawals are permitted.
  1. Interest is paid Gross. We do not deduct tax from any interest earned. You will be responsible for the payment of any taxes owed in connection with the notice deposit account.
  2. There is a 14-day cooling-off period from the date your account is opened. During which time, you can close your account without any charges.

How to conduct the notice deposit?

1

Login to iFAST Global Bank Business account

Overview of the steps of how to conduct the fixed deposit with iFAST Global Bank
2

Select 'Apply Deposit' and choose 'Notice Deposit' from the tab

Overview of the steps of how to conduct the fixed deposit with iFAST Global Bank
3

Select currency and the tenor of deposit

Overview of the steps of how to conduct the fixed deposit with iFAST Global Bank
4

Preview the deposit contract details and key features documents

Overview of the steps of how to conduct the fixed deposit with iFAST Global Bank
5

Receive the contract confirmation and notification

Overview of the steps of how to conduct the fixed deposit with iFAST Global Bank

FAQs

For any changes of interest rate, we will inform you by email. You do not need to take any action if you wish to continue your notice deposit with the new interest rate.
Provided that you give the necessary 95 days' notice period, there will be no charge for withdrawing funds from the notice deposit account. Additionally, it is possible to make partial withdrawals from the account.
Unfortunately, this account doesn’t permit withdrawals in advance of you providing 95 days’ notice period. However, we may allow you to close your account and make a withdrawal in exceptional circumstances, at our discretion. We may ask for evidence and/or further information to be provided in these situations. 
Both Notice Deposits and Fixed Term Deposits are types of accounts that offer more attractive interest rates than regular savings accounts. The significant differences between them are: 1. Withdrawal of Funds Notice Deposit: Funds can be withdrawn upon providing advance notice, typically, 95 days. Fixed Term Deposit: No withdrawals are allowed during the fixed term which can range from 1 to 12 months. 2. Flexibility Notice Deposit: Tend to offer more flexibility, permitting occasional withdrawals, without penalty, if the required notice period is given. Fixed Term Deposit: Offer less flexibility and may not allow for any early withdrawals without penalty. 3. Interest Rate Notice Deposit: A 95 days’ Notice Deposit will tend to offer a higher interest rate than a 3 month fixed term deposit as the funds are committed for a longer period of time. Interest is compounded as it accrued and credited on a daily basis. Fixed Term Deposit: Interest is credited only on maturity.