Compare notice accounts

If you want to be able to dip into your savings but don’t necessarily need immediate access, you may be able to earn a higher rate of interest on a notice account than you can with an easy access account.

Compare notice accounts - featured accounts - Ordered by interest (AER)

Apply for the accounts below today or see all notice accounts

  1. Great for
    A choice between monthly or annual interest
    Unlimited withdrawals, subject to 30 days notice
    But be aware that
    No early withdrawals are allowed
    A lower rate of interest will apply if the balance falls below £1,000

Need instant access to your savings on a regular basis? Easy Access accounts may suit your needs better

Featured accounts – ordered by AER

Apply for the accounts below today or see all easy access accounts

  1. Market leading

    The best instant access interest rate!

    Great for
    Quick and simple online access
    Additional funds can be added to the account
    Choice between monthly or annual interest
    But be aware that
    You can only make up to 3 withdrawals per year (May-April) to get this rate
    0.75% penalty rate for over 3 withdrawals
    • Provider/Product name Internet Saver

      Tesco Bank

      Internet Saver

    • Interest rate (AER) 1.35% Variable Includes Fixed bonus of 0.60% for 12 months
    • Min/Max opening amount £1 to £1,000,000
    • Notice / Term Notice Period: none
    • Account type Easy Access Account
    • Access Internet Post Telephone In Branch
    • Go to site

      More details

    Great for
    1.35% Gross/AER variable (includes a fixed bonus of 0.60% for 12 months)
    Applying and managing your account online
    Opening your account with just £1
    But be aware that
    Rate includes a bonus, you may want to move your money at the end of this period
    • Provider/Product name Online Saver Issue 11

      Post Office

      Online Saver Issue 11

    • Interest rate (AER) 1.30% Variable Includes Fixed bonus of 0.40% for 12 months
    • Min/Max opening amount £1 to £2,000,000
    • Notice / Term Notice Period: none
    • Account type Easy Access Account
    • Access Internet Post Telephone In Branch
    • Go to site

      More details

    Great for
    Having access to your savings 24/7 with free unlimited withdrawals
    Making deposits to your Online Saver whenever you like by logging on to the Post Office online banking service
    Control - pick from annual or monthly interest - annually in March or monthly on the first business day of each month. Rates vary depending on when you choose to receive interest
    But be aware that
    Online Saver is provided by Bank of Ireland UK
    Annual interest option shown includes a 0.40% gross fixed bonus for the first 12 months. After this time, the rate will revert to the underlying rate, currently 0.90% gross/AER variable

Notice Accounts Guide

What is a notice account?

It’s not easy these days to find a decent rate on your savings. The average easy access account pays interest of less than 1%, which does not even nearly cover inflation. 

So it’s perhaps not surprising that savers are looking beyond standard accounts to try to get a better return on their money.

Read more

What is a notice account?

Most banks and building societies offer notice accounts – and as their name suggests, the accounts demand notice of withdrawals. In other words, you don’t have instant access to your cash.  And you usually have to specify the amount you want to withdraw.

The notice period varies but typically starts at about 30 days, rising to 120 days on some accounts.  There might also be a limit on the number of withdrawals you can make within any one year, so you need to read the small print carefully. 

The restrictions on notice accounts can help savers overcome the temptation to dip into their nest egg, but they can also prove costly.  If, for example, you need immediate access to your money, you will normally have to pay a penalty.

Internet junkies should also bear in mind that most notice accounts are branch or postal, though some banks and building societies allow you to manage your savings online.

Notice accounts sometimes pay higher rates of interest than easy access deals, and the longer the notice period, usually the higher the rate.  But it is always worth checking a range of accounts.  Savers can for example, earn higher rates of interest in some of the top easy access deals. You might also get a better return on a 60 day than a 90 day notice account.

There is no point in opening a notice account if you think you will need to withdraw your money in a hurry.  So, they are not a suitable home for emergency funds in case the washing machine breaks down or the roof needs repairs. The accounts are more appropriate for people who have no intention of touching the cash for at least the length of the notice period. They might, for example, be saving up for a wedding or a deposit on a house.

Keep an eye on the rate

You might not be able to touch the money in a notice account, but you shouldn’t forget about it completely. Most notice accounts pay variable rates of interest so the amount you earn can go down as well as up. It is therefore important to regularly monitor the rate to make sure you are getting a good deal.

Other options

If you don’t think a notice account is right for you, there are various other types of savings accounts on the market. You can, for example, fix your rate or open an easy access savings account. Moneysupermarket can help you find the best deal on your savings because it allows you to compare rates on a wide range of accounts. The service is quick and easy to use, plus it’s free and independent, saving you money all round.

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