Investments

a. Students with large sums of money often open a second account at a bank or building society which pays interest at a higher rate.

b. Many investment accounts only pay high rates of interest on condition that notice is given, usually 30-90 days before withdrawing funds. Withdrawal of funds without this notice loses interest.

c. If money from such an account is intended to pay fees at the beginning of the year, or by instalments, it is your responsibility to give adequate notice of withdrawal to your bank or building society. The University authorities will not be prepared to wait 30-90 days to avoid loss of interest on your part. Remember, the University can exclude you should you fail to pay fees at the appropriate time.