Farm Business 95 Day Notice (Issue 13)

• Interest is calculated daily
• Interest is paid every month with reference to the date of receipt of your first deposit and credited to your Oxbury Farm Business 95 Day Notice account.

These rates will change to 4.28% Monthly Gross / 4.36% AER on 30.11.2024

Yes. Oxbury can make changes to your interest rate, any such changes will be communicated to you providing at least 14 calendar days’ notice in addition to any notice period for a reduction in rate, increases in rates are usually applied with immediate effect.

Please note this account is NOT linked to the Bank of England base rate so fluctuations in the base rate will not be reflected in your interest rate.

Below is an example of what the future balance might be for an account balance of £1,000. Because the rate is reducing on 30.11.24, we have given estimates of what your future account balance might be after 12 months were the current rate to be applied for the whole period and also were the new rate to be applied. The projection is provided for illustrative purposes only and does not take into account individual circumstances.

The estimated balance projections assume that:

• The account is opened with the amount stated and interest starts being earned straight away
• No further deposits or any withdrawals are made and the interest does not change during the 12 months
• The interest is paid every month with reference to the date of receipt of your first deposit and credited to your account

• To open this account you will need to apply from a desktop, laptop or tablet device.
• Once you have applied for your account you will then need a smartphone to use our iOS or Android App to access the Oxbury Online Banking platform. Android users will need to log in using the authenticator app and a separate device to access their Online Banking Platform.
• You can open this account with a minimum deposit of £1,000. The maximum amount that can be held in the account is £1,000,000
• If your balance falls below £1,000 after account opening you will not receive interest on the balance.  Any balances above £1,000 will accrue interest on the whole balance
• You must make your initial deposit within 90 days of opening the account. If the minimum deposit balance is not met during this period your account will automatically be closed
• If you change your mind within 14 days, and wish to close the account, we will return any money you have paid into your Oxbury account to your Linked Account and close your account
• You will need your farm business current account sort code and account number to open your new savings account, this will become your Linked Account. You can only transfer money in and out of your Oxbury account from and to your Linked Account
• The minimum device requirements are for iPhones running iOS 12.4. or above or Android devices running Android 7 (Nougat) or above

YES. Subject to providing the required notice you can withdraw up to the full balance of the account.

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.

Eligibility for the Farm Business is dependent on the provision of a valid CPH or SBI number indicating active farmer status.