LHV Bank Limited: 95 Day Notice Account

The interest rate applicable to your deposit is variable. Should the bank set a date to lower the interest rate, you will be given a minimum of 95 days’ notice. You may receive less notice if the rate increases. Please review the Raisin Trust Terms and Conditions for more information.

The estimated balance after 12 months on a deposit of £1,000 is £1,043.34. This projection is for illustrative purposes only and does not take into account individual circumstances.

To open this savings account, you must apply online through Aviva plc. Savings accounts at Aviva plc are only available through this online application process, and to be eligible to apply, you must: ●      Be a UK resident who is aged 18 or over ●      Hold a UK bank or building society account from which you will fund your application ●      Have a valid mobile phone number and email address ●      Have a UK National Insurance Number Your application acceptance will be subject to the successful completion of Anti-Money Laundering/Know Your Customer (AML/KYC) check. The minimum amount you can deposit is £1000.00, and the maximum amount you can deposit is £85000 (per product and banking institution). You can manage your savings account through Aviva plc by logging into your Aviva plc Account. You can contact Aviva plc by telephone, by email or in writing by using the contact details provided in the Aviva plc Terms & Conditions. Please ensure you have read and understood all sets of Terms and Conditions before applying for this product.

You may withdraw the full deposit amount only. This will be subject to a 95 day notice period. You are unable to add to the initial deposit or make partial withdrawals. Please see Raisin Trust Terms and Conditions for more information.If termination is received on a non business day (either weekend or public Holiday), the notice period will start from next business day. Once notice has been given it can’t be revoked.If a termination falls on a non-business day, then payment will be made on the next business day and interest will be paid for the additional days. e.g. If a notice account terminates on a Saturday and funds are returned on the Monday, interest will be paid for the intervening Sunday.

Raisin Platforms Limited (RPL), will administer the deposit on your behalf and act as Bare Trustee. Funds will appear in Raisin Trust's account by the following business day from funding your application at the latest. Funds will be remitted to LHV Bank Limited by Raisin Trust on the next business day after arriving in the Raisin Trust account. It can therefore take up to 2 business days for an ordered product to be set up and start earning interest. All cash in transit and deposits once established, will be administered by RPL and held by Raisin Trust in trust for you. You have the right to cancel your account without charge and without giving any reason, within 14 calendar days from the day of opening this savings account. For further information, please refer to clauses 3.5 and 3.6 of the Raisin Trust Terms and Conditions.

The FSCS is the United Kingdom’s statutory deposit guarantee scheme. If an FSCS-protected bank fails or is unable to meet its financial obligations, the FSCS can provide compensation for eligible customer deposits up to a limit of £85,000 per person, per bank. The FSCS’ £85,000 protection limit applies to all deposits held with a bank (including current and savings accounts), as well as any deposits held with intermediaries of the same bank (for example, where a bank operates multiple banks under different trading names). Read our dedicated FAQ page to learn more about the FSCS.