Best Notice Savings Accounts

Explore the top seven UK notice savings accounts, their features and interest rates.

Updated: January 22, 2024
Matt Crabtree

Written By

Matt Crabtree

Rachel Wait

Edited By

Rachel Wait


Have you been looking for an account you can use to accumulate savings and manage your money more efficiently?

If you need to grow your money quickly and reach your savings goals, there are a number of different types of savings accounts to help you. Notice savings accounts are one of these and offer a number of advantages.

In this article, we will share seven notice accounts you can use to grow your wealth and plan your expenses effectively.

1. Shawbrook★★★★★Click Here
2. HTB★★★★★Click Here
3. LHV★★★★★Click Here
4. Harpenden Building Society★★★★Click Here
5. Mansfield Building Society★★★★Click Here
6. Buckinghamshire Building Society★★★★Click Here
7. Bank of London and the Middle East★★★★Click Here

What Are Notice Savings Accounts?

Notice savings accounts, as the name might suggest, require you to give a number of days' notice before you can access your funds. This can range from 30 days to 180 days or more.

If you don't give the required notice before withdrawing money from your account, you can incur withdrawal penalties.

How Do Notice Savings Accounts Work?

Notice savings accounts sit somewhere between an easy access account and a fixed rate bond. You'll be able to make withdrawals from your account, but you'll typically need to give between 30 and 180 days' notice. Accounts with a longer notice period tend to offer higher interest rates. Because of this, notice accounts can reduce the temptation to spend your savings on a whim.

Most notice accounts have a variable rate of interest so it could go up or down at any point. You can usually pay further funds into your account as and when you want to.

What Are the Features of Notice Savings Accounts?

Notice savings accounts have a few key features.

Let's explore the main features you must consider when choosing this account type to save your pounds.

  • High-interest rates — Notice savings account usually have higher interest rates compared to instant access accounts.
  • Fees and charges — You'll have to pay a fee if you withdraw money immediately without notice. Alternatively, some accounts cap the number of times you can withdraw money before they reduce your interest rate.
  • Minimum deposit requirements — You'll usually need to pay in a minimum amount when you open the account. Considering whether these deposit requirements match your financial circumstances before choosing an account is important.

Best Notice Savings Accounts Pros and Cons

Make sure you weigh the pros and cons of notice accounts before choosing one.


✔️ Higher interest rates — As mentioned, interest rates on notice accounts can be more competitive compared to easy access accounts.

✔️ Flexible and convenient — You can usually top up funds as and when you want to, unlike with fixed rate bonds. And you can access your money, so long as you give enough notice.

✔️ Eliminates unnecessary spending — Because you need to give notice before making withdrawals, this reduces the risk of you using your savings to make impulse purchases.


❌️ Early withdrawal penalties — If you need to access your money immediately in an emergency, you may have to pay a fee.

❌️ Hidden terms — You might need to have a minimum balance to be able to earn interest on your account, so be sure to read the small print.

7 Best Notice Accounts — Reviews

Let's take a look at some of the best notice savings accounts on the market.

1. Shawbrook

Shawbrook offers a few separate notice account options. You can choose between a 45-day notice account, requiring 45 days' notice to access funds, or a 120-day option.

The 45-day notice account pays an interest rate of 5.23% annually or 5.11% monthly. With the 120-day notice account, you can earn interest at a rate of 5.25% annually or 5.13% monthly. Keep in mind that the interest rate is variable so could change.

The minimum deposit you must pay into these accounts is £1,000. The maximum balance is £500,000.

Depositing into these accounts is relatively easy. You can use electronic transfer methods by using your account number, sort code, and payment reference.

To withdraw funds, simply send a message to the account provider via the eSavings portal. The provider will release your funds as soon as the notice period ends.

2. HTB

HTB offers a 95-day notice account requiring you to submit 95 days' notice to the provider before you can make withdrawals. For this account, interest is paid annually at a rate of 5.10% AER.

The interest rate for this account is variable, so it could change at any point. HTB will always publish any changes in interest rates on its website.

The minimum deposit amount is £1, while the maximum deposit with this account stretches to £250,000.

HTB notice accounts can be joint accounts, enabling two people to open an account together. You can make regular deposits using electronic transfers from other accounts or send a cheque to HTB as an alternative deposit method.

You'll need to deposit funds within the first 14 days of opening the account.

3. LHV

LHV Bank partners with savings marketplace Raisin UK to offer its 95-day notice account with a rate of 5.30% AER. Again, the rate is variable, meaning it could change.

If the rate drops, you'll be given 95 days' notice, and if it goes up you'll be told 30 days beforehand.

Deposits held with LHV Bank are protected by the Financial Services Compensation Scheme, up to £85,000 per person.

To apply for an account, you must be at least 18 years old and a UK resident, have a UK bank or building society account, and a national insurance number. 

Once you have applied for your account, the minimum amount you can deposit is £1,000, and the maximum balance is £85,000. You can't pay in further funds once you've made your initial deposit.

If you make a withdrawal, giving the 95 days' notice, you must withdraw the whole balance.

4. Harpenden Building Society

You can choose from a 60-day notice account and a 45-day notice account with Harpenden Building Society.

If you choose the 60-day notice account, you'll earn 5.15% AER, while the 45-day account pays 4.40% AER. Interest rates are variable and the rate is paid annually.

With these accounts, the minimum deposit you can make is £1,000, while the maximum deposit is £250,000.

Once you've opened your account, you have 14 days to make a deposit. With the 45-day account, deposits can be made in branch, by post, or online. However, the 60-day notice account is online only so deposits need to be made by bank transfer.

You must be over 18 and a UK resident to be eligible for these accounts. You can open them as a joint account if you want to.

5. Mansfield Building Society

Mansfield Building Society offers a monthly income savings account that requires 30 days' notice to access your money. It pays 3.04% AER and you'll receive your interest monthly.

However, you must have a hefty deposit of at least £10,000 to open this account. You can also only manage the account by post or in branch.

The interest rate is variable so could change. You'll be given 14 days' notice before this happens.

6. Buckinghamshire Building Society

You can choose from a 30-day and a 90-day notice account with Buckinghamshire Building Society.

You'll earn 4.50% AER on the 90-day account and 3.15% AER on the 30-day account. Interest rates are variable and interest is paid annually.

To open your account, you'll need a deposit of at least £100 and you can save up to a maximum of £500,000. If the balance falls below £100, the interest rate will drop.

Opening the account can be done online or in a branch. For ease of account management, you can use the mybbs online platform or visit a Buckinghamshire Building Society branch.

7. Bank of London and the Middle East

The Bank of London and The Middle East offers a 90-day notice account, requiring you to give 90 days' notice before you can access your funds. Each withdrawal must be at least £1,000.

With this account, the lowest possible opening balance is £10,000, and your minimum account balance cannot dip below £1,000.

You can add funds to your account from your nominated UK bank account as often as you want.

As this is a Sharia-compliant bank, the expected profit rate on the account is 5.35% AER. This rate can change, but you'll be given 60 days' notice if this is to happen.

Best Notice Savings Accounts: The Verdict

Plenty of notice savings accounts are available, so how do you decide which one is right for you?

Check the required notice periods and the features of each account. Some of the best accounts that require notice include HTB and Shawbrook, as these offer competitive interest rates. But you'll need to check whether you qualify and if you can meet the minimum balance requirements.

Compare notice savings accounts to select the best option. Make your deposit and watch your money grow.

Related Guides:

7 UK Notice Savings Accounts With Rate Comparisons: FAQs

Is It Possible to Get a Joint Notice Account?

How Are Notice Accounts Different From Easy Access Accounts?

How Are Notice Accounts Different From Fixed Term Accounts?

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Mentioned Banks

About BLME Bank of London and the Middle East, or BLME, is an independent Sharia-compliant bank founded in 2006 and authorised by the Financial Services Authority the following...
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About HTB Formerly 'Hampshire Trust Bank', HTB is a UK-based specialist ‘challenger’ bank founded in 1977 and relaunched under new management in 2014. The bank markets itself...
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About Shawbrook Shawbrook is a commercial and retail bank based in the United Kingdom. Until 2017 it was part of Shawbrook Group PLC but was acquired in July 2017 by a...
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