UK Notice Account (Savings Account)

A notice account is a type of savings account where a period of notice must be given before you can make a withdrawal from your savings. The length of notice period depends on the bank and the terms of the account.

A UK notice account will generally pay a higher rate of interest than an instant access savings account, however you will be required to give notice, as stipulated in the contract before a withdrawal can be made, i.e. 30 days, 60 days. A notice account gives a disciplined method of savings.

With UK savings accounts it is a case of weighing up which is more important: immediate access or higher interest rates.

As with all notice accounts and UK savings accounts in general, it is important to explore the features and benefits to ensure you get the right savings account for you.

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