90 Day Notice Base Rate Tracker (Issue 3)

• Interest will accrue on balances between £1,000 and £500,000
• You will also receive interest on balances above £500,000 where those balances have resulted from interest being accrued to the account.
• If your balance falls below £1,000 after account opening, you will not receive interest on the balance
• Interest is variable, the AER interest rate tracks the Bank of England base rate plus or minus a Margin, which is the rate that is added or subtracted to the Bank of England base rate
• The Bank of England base rate is currently 5.00%, visit www.bankofengland.co.uk to view the latest rates
• Interest is calculated daily and paid into your 90 Day Notice Base Rate Tracker account monthly, with reference to the date of receipt of your first deposit

Yes.

If the Bank of England base rate changes, the new interest rate on your account will apply no more than 14 days following the change. You will be able to view your new rate at Oxbury.com and in Oxbury Online Banking and the Oxbury App.

Oxbury can also make changes to the Margin added or subtracted to the Bank of England base rate to determine the account's AER. Where your balance is over £100, any reduction in the Margin will be communicated to you by providing at least 104 days' notice. Where we increase the Margin or decrease it when you have a balance below £100, we'll usually make the change immediately and notify you as soon as possible. Our Deposits Terms and Conditions set out the circumstances when we may change the rate.

The above example shows the estimate balance after 12 months on deposits of £1,000 and £50,000 and is for illustrative purposes only, it does not take account of your individual circumstances and assumes that:

• The account is opened with the amount stated and the interest starts being earned straight away
• No further deposits or any withdrawals are made
• The accrued interest is credited to your 90 Day Notice Base Rate Tracker Account monthly
• The Bank of England base rate is 5.00% and does not take into consideration any fluctuations in it.

To open this account, you need to

• Agree to this Product Summary and our Deposits General Terms and Conditions
• Be an individual aged 18 or over
• Have a UK current bank account in your name; this will be the account you use to make payments in and out of this 90 Day Notice Base Rate Tracker account and known as your ‘Linked Account’
• Be resident in the UK (including for tax purposes). Our accounts cannot be held in trust or by US Persons (meaning US citizens, residents, green card holders or taxpayers in respect of their worldwide income)
• Apply from a desktop, laptop or tablet device
• Make your initial deposit within 90 days of opening the account; if the minimum deposit balance of £1,000 is not met during this period, your account will automatically close, and any funds deposited returned to you.

If you change your mind within 14 days of opening your account and wish to close it, we will return any money you have paid into your Oxbury account back to you and then close it.

To manage your account

• You can contact us and send instructions in relation to your account using Oxbury Online Banking or the Oxbury App, we cannot accept instructions via any other communication method unless in exceptional circumstances.
• You must have a smart phone or tablet, running as a minimum iOS 12.4 for iPhones and Android 7 (Nougat) for Android devices. This is because you will need to use the Oxbury App to either send us instructions or provide verification of your identity when accessing your account using Oxbury Online Banking.
• You will need 2 devices to register for Oxbury Online Banking and the Oxbury App, a smart phone or tablet and a separate device running an internet browser.
• Access to Oxbury Online Banking and the Oxbury App is restricted in certain countries, see the FAQ page on our website for additional information.
• The maximum amount that can be held in the account is £500,000. We will allow balances to exceed the maximum amount where it is a result of interest paid into your account. We will, however, return other deposits that take your account over its maximum limit.

YES. Subject to providing 90 days' notice, you can close your account / or withdraw up to the full balance of the account.

In exceptional circumstances and at our discretion, we may permit a withdrawal without 90 days' notice, in which case we may deduct some interest from the amount withdrawn which we will notify you of prior to making the deduction.

AER stands for Annual Equivalent Rate and illustrates the interest rate if it was paid and compounded once each year.

Accounts can be withdrawn from sale at any time and without notice.

We pay all savings interest gross, which means no tax is deducted.