Planned downtime
Our online banking and application services will be unavailable between 8pm Saturday 13th and 8am Sunday 14th June while we carry out essential maintenance. Thanks for your patience.
Notice Account
Don’t like the idea of locking your funds away for the long term, but don’t necessarily need immediate access to your cash? Then perhaps it’s time to consider a notice account.
At a glance
Tiered rates
If your balance is £10,000 or more, you'll receive the higher interest rate. If your balance is less than £10,000, you'll receive the lower interest rate.
Variable rate
The interest rate is variable, so it can go up or down at any time.
Notice of changes
If we lower the interest rate, we'll let you know at least 14 days before it happens.
Interest payments
Interest begins to add up once your cleared payment is received. Interest is compounded and is paid into your account annually on 30 June.
Adding funds
You need to deposit at least £10,000 to open the account, and you can deposit up to £2 million. You can add more money later, but the total balance can't go over £2 million.
Withdrawals
Your money will be returned after the notice period ends. Once you’ve given notice, it can’t be changed or cancelled.
Account holders
Once your application is accepted, you cannot change the ownership of the account, by adding or removing anyone.
If you're looking to deposit over £1 million, get in touch with us so we can discuss your options.
Term
AER / Gross PA AER
Monthly intrest Gross Gross PA
Annual intrest Gross PA
Annual gross
Monthly gross
4.10% AER
If your balance falls below £10,000, you’ll earn:
1.00% AER / Gross PA AER
| Gross PA
Annual gross
This account could be right for you if…
- You want a variable interest rate that may go up and down
- You want the option to top up your account
- You want to open a joint account
You should consider another account if…
- You want a fixed rate
- You want access to your funds without notice
- You want a tax-free savings account
Additional information
AER:
AER stands for Annual Equivalent Rate and illustrates the interest rate you would earn from a savings account over the course of a year, and it takes any compounding of interest into account.
Gross PA:
Gross PA means Gross Per Annum, which shows the interest rate payable without tax deducted.
Key features
Tiered rates
If your balance is £10,000 or more, you'll receive the higher interest rate. If your balance is less than £10,000, you'll receive the lower interest rate.
Variable rate
The interest rate is variable, so it can go up or down at any time.
Notice of changes
If we lower the interest rate, we'll let you know at least 14 days before it happens.
Interest payments
Interest begins to add up once your cleared payment is received. Interest is compounded and is paid into your account annually on 30 June.
Adding funds
You need to deposit at least £10,000 to open the account, and you can deposit up to £2 million. You can add more money later, but the total balance can't go over £2 million.
Withdrawals
Your money will be returned after the notice period ends. Once you’ve given notice, it can’t be changed or cancelled.
Account holders
Once your application is accepted, you cannot change the ownership of the account, by adding or removing anyone.
Award-winning savings, celebrated by experts
We're proud to have been recognised with a number of industry awards, reflecting our commitment to good customer service and trusted savings products.
Your eligible deposits held by a UK establishment of Close Brothers Limited are protected up to a total of £120,000 by the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme.
More information
-
Read our savings guidesOur savings guides
Here you will find useful information to learn more about our products and help you to choose from our range of savings accounts.
-
View our historic ratesHistoric interest rates
Here you will find the all interest rates we have previously offered, this may help you to find the rate for a product you currently hold with us.