Best Notice Savings Accounts

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

Updated: December 4, 2023

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, did you know that a standard savings account isn't the only option available? Notice savings accounts are an excellent alternative solution that offers many advantages.

Many of these accounts are available from various account providers. So, how can you find the top, most beneficial accounts that match your savings goals and specific financial situation? Selecting the best option doesn't have to be a significant challenge.

Keep reading this article, in which we will share the 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?

If you've looked into notice savings account options, you will know they require you to submit notice before withdrawing money.

Without notice, you, the account holder, can incur withdrawal penalties. These accounts typically won't have a fixed term. So, one of their perks is their greater flexibility than fixed-term accounts.

How Do Notice Savings Accounts Work?

Notice savings accounts have a couple of expectations. You'll typically need to give between 30 and 120 days as the most common notice periods each time you want to withdraw from the account.

But you'll also see that some common notice periods range from 30 to 180 days. It all depends on the terms of your specific account. Some of the highest notice periods even extend to 195 days.

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 — Your notice savings account will have a higher interest rate than instant access account options. With these high-interest rates, you yield a higher return on any money you save.
  • 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 — A few accounts expect you to make minimum deposits 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

Now, you'll also find a few pros and cons to watch out for with best-notice savings accounts. Consider the advantages and disadvantages so you're prepared to choose one.


✔️ Easy money management — Notice savings accounts facilitate easy money management. By thinking ahead to the specific withdrawals you want to make, you're always aware of how you will spend your money.

✔️ Flexible and convenient — You'll see that these accounts are flexible and convenient, even though they require notice for withdrawals. You are in control of the pre-notification duration period. You can match the notice period to your specific financial situation.

✔️ Eliminates unnecessary spending — With early withdrawal penalties, your account provider eliminates unnecessary spending. This perk is an extra factor that helps you achieve your financial saving targets more quickly.


❌️ Early withdrawal penalties — If you need to access your money immediately in an emergency, early withdrawal penalties may stand in your way. Familiarising yourself with these terms is crucial to ensure you don't lose money due to these charges.

❌️ Hidden exceptions — You might only qualify for specific interest rates if you meet specific conditions. For instance, if you don't meet the minimum deposit, the account provider might not give you the highest interest rate to help you grow your savings.

7 Best Notice Accounts — Reviews

We've covered the features, pros and cons of these accounts.

Let's now focus on the reviews. Here are the seven best notice savings accounts available to UK customers.

1. Shawbrook

The Shawbrook account provider offers a few separate notice account options. Your 45-day notice account requires you to give notice 45 days before withdrawing your funds.

The 120-day notice account from Shawbrook expects account holders to accept a 120-day notice period. It gives you a choice of monthly and annual interest arrangements.

The minimum balance you must provide for these accounts is £1,000. The maximum balance for these accounts is £500,000.

The interest rate you can earn with this provider for 45-day notice accounts is 5.23% annually and 5.11% monthly. With the 120-day notice account, you can earn interest at a rate of 5.56% annually and 5.42% monthly.

Since these options use a variable interest rate, Shawbrook reserves the right to change the interest rate. Any changes can be made according to your account's terms and conditions.

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 notice to your savings provider 95 days before you withdraw. For this account, interest is paid annually at a rate of 5.51%.

HTB, in their interest rate example, states that on a deposit of £1,000, you can yield additional savings of £55.10 after the term.

The interest rate for this account is variable. This rate type means the provider can change the rate of interest you receive depending on specific factors. HTB will always publish any changes in interest rates on their website.

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

HTB is an example of a joint account, so two people can hold one account with this provider. You can make regular deposits using electronic transfers from other accounts or send a cheque to HTB as an alternative deposit method.

Account holders can deposit funds from their nominated bank account. This account provider expects you to deposit within the first 14 days of opening the account.

3. LHV

The LHV account, a partnered bank account with Raisin UK, is a 95-day notice account that offers an annual equivalent interest rate of 5.3%. This account provider offers a variable rate, meaning the amount you earn on your savings can change.

LHV and Raisin UK will notify you when the rate changes. They will notify you 30 days in advance if the rate is about to increase. If the rate is about to decrease, they will provide 95 days' notice.

LHV provides an example to show the amount of interest you may yield on your savings. If you have a deposit of £1,000, you can expect this saving to grow to £1,053.05 after the term of 12 months is over. Remember that this example is just an estimate, and the savings growth may vary.

If you are an 18-year-old UK resident, have a UK bank or building society account, and a national insurance number, you can open an account with LHV/Raisin UK. 

Once you have applied for your account, the minimum amount you can deposit is £1,000, and the maximum funds you can keep is £85,000.

You cannot revoke the request after submitting the notice to withdraw your money. You are also not permitted to make partial withdrawals as per Raisin UK's terms.

4. Harpenden Building Society

With Harpenden Building Society, a 60-day notice account is available to grow your savings. As the name suggests, this account requires a 60-day notice before you withdraw your funds.

The annual equivalent interest rate you'll receive with Harpenden Building Society is 5.15%, which this account provider will add to your account each year on 31st December.

This account provider reserves the right to change the interest rate and will provide 60 days' notice if the rate decreases. 

With this account, the minimum deposit you can make is £1,000, while the maximum deposit is £250,000. As per their example, you may earn approximately £51.50 in interest by the end of the term with a deposit of £1,000; however, this is just a representative example and can change.

The moment you open the account, you will have 14 days to fund the account and make a deposit. Harpenden Building Society may cancel your application if you fail to deposit within this time.

You must be over 18 and a UK resident to be eligible for this account. It's only possible to have one 60-day account with Harpenden Building Society, which you can easily open and manage online.

If you want to deposit to your account, you can do so via bank transfer.

This building society requires you to keep your balance above the minimum unless you intend to close the account.

5. Mansfield Building Society

If you select Mansfield Building Society's eSavings 180 notice savings account, you must provide 180 days' notice to withdraw.

You must make a minimum deposit of £1,000, which you must do within seven days of the provider opening your account.

The maximum investment amount you can make is £250,000, and you can make deposits from a nominated bank account; with Mansfield Building Society, it is only possible to complete these deposits using electronic bank transfer

In terms of interest, this account provider will offer an interest rate of 5.5% as the annual equivalent rate, which they will pay into your account each year on 31st December. The rate is variable, so this account provider can change the interest rate.

Fluctuations include increases and decreases, meaning you can earn more or less in interest depending on the rate. Mansfield Building Society will provide a minimum of 14 days' notice if the interest rate decreases.

In Mansfield Building Society's representative example, with a deposit of £1,000, you can earn approximately £55.00 over the 12-month term.

Eligibility for this account requires you to be 16 years old and over. You can only open one account, which you can do by applying online and making a deposit.

6. Buckinghamshire Building Society

When you choose Buckinghamshire Building Society's notice account, you agree to a 195 notice period to withdraw your money.

This account provider expects a minimum balance of £20,000, and if your balance drops below this amount, a lower variable rate will be paid as an interest penalty — just 0.10%.

The standard interest rate you'll receive from this account provider is 5.45% each year, which Buckinghamshire Building Society will pay on 31st December. In their representative example, on a balance of £20,000, you may earn £1,090.00 in interest.

Since the interest rate is variable, this account provider can change the rate. How they change the rate will depend on external factors such as market conditions.

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.

It's possible to save up to £500,000 and make deposits by visiting a branch, making a bank transfer, or sending a cheque.

7. Bank of London and the Middle East

The Bank of London and The Middle East offer notice accounts facilitating financial savings growth. It's possible to withdraw £1,000 each time, but you must provide 90 days notice.

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

Your account will be operable once your funds reach the amount required to meet the minimum opening balance. Adding funds to this account from your nominated UK bank account is possible. The maximum deposit you can make is £85,000.

You can earn a profit of 5.25% each quarter or 5.35% as an expected profit rate. This rate can change; however, the account provider will inform you when the amount you'll yield from savings will decline.

With this account, the initial deposit you must make should equal or exceed £10,000; the maximum deposit amount is £1m.

Best Notice Savings Accounts: The Verdict

Plenty of notice savings accounts are available, so how can you make your choice?

Check the required notice periods and compare each feature of the best notice accounts available. Some of the best accounts that require notice include HTB and Shawbrook, which offer good returns in terms of interest. However, align your financial circumstances with the account providers' terms.

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

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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