Click on the name of the bank or building society for further information about the account.
More savings accounts
Notice Accounts – Approx 2 months
Notice Accounts often offer a higher rate of interest than an Instant Access Savings accounts, although to benefit from the higher rate savings must be tie up for a period of time.
The notice period needed to access savings is usually between one and six months, although some accounts allow instant access subject to a penalty in the form of lost interest. Savers using Notice Accounts should therefore be careful to ensure they can afford to tie up their savings for the notice period.
The accounts shown on this page require notice of approximately two months to be given before savings can be accessed, although some accounts will allow early withdrawal if a penalty is paid. Savers should always check the terms and conditions of the account to confirm exactly when you can withdraw your savings and what the penalty might be.
Tax is paid on the interest, unless the account is held as a Cash ISA (individual Savings Account), which is not always possible, or unless you are a non taxpayer.
As with other types of accounts Notice Accounts often offer a bonus rate of interest, which when withdrawn after a set period of time, can make the account uncompetitive. Savers who want to take advantage of these bonus or introductory interest rates should therefore be prepared to move their savings, in search of a better interest rate, when the rate drops.