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
    Customers who don't need immediate access to their savings
    But be aware that
    Postal application only and access to your account once opened must be made via post or branch
    45 days notice is required to access your savings
  2. 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

    • Provider/Product name Telephone Saver (Issue 14)

      Saga

      Telephone Saver (Issue 14)

    • Interest rate (AER) 1.50% Variable Includes Fixed bonus of 1.00% for 12 months
    • Min/Max opening amount £1,000 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
    1.50% Gross/AER variable (includes a fixed bonus of 1.00% for up to 12 months)
    Apply by telephone and online
    Interest paid annually as shown or monthly at a lower gross rate
    But be aware that
    After 12 months, interest will revert to the variable interest rate without bonus, currently 0.50% gross/AER variable
    Minimum opening deposit must be for at least £1,000. The ongoing balance can drop below £1,000 but if it does the rate will become 0.50% gross/AER variable for the period the balance remains below £1,000
    Available to UK residents aged 50 or over only
    • Provider/Product name AA Internet Extra (Issue 16)

      AA

      AA Internet Extra (Issue 16)

    • Interest rate (AER) 1.40% Variable Includes Fixed bonus of 0.90% for 12 months
    • Min/Max opening amount £1,000 to £1,000,000
    • Notice / Term Notice Period: none
    • Account type Easy Access Account
    • Access Internet Post Telephone In Branch
    • Go to site

    Great for
    1.40% gross/AER variable (includes a fixed bonus of 0.90% for up to 12 months)
    Applying and managing your account online
    Interest paid annually
    But be aware that
    After 12 months, interest will revert to the variable interest rate without bonus, currently 0.50% gross/AER variable
    Minimum opening deposit must be for at least £1,000. The ongoing balance can drop below £1,000 but if it does the rate will become 0.50% gross/AER variable for the period the balance remains below £1,000

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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