Notice accounts

Do you have a savings goal and know when you’ll need to withdraw the money? With a notice savings account, you can earn a competitive interest rate and access your funds after giving a period of notice specified by the bank.

Wondering whether a 30 day or 90 day notice account is best for you? Compare  options with the top notice savings accounts from Raisin UK’s partner banks in the offers table above.

A notice savings account offers a variable interest rate with the option to withdraw your money after giving advance notice (typically between 30 and 90 days). Notice accounts fall somewhere between easy access accounts and fixed rate bonds, letting you earn a competitive interest rate without locking your money away for a prolonged period.

With a variety of notice periods to choose from, savers can plan ahead so they can access their savings when they need them. Some savers use notice accounts when planning for known future expenses, such as saving for a mortgage deposit or an upcoming wedding.

As you have to serve notice before withdrawing money, a notice account can suit if you know you won’t need access to funds straight away. 

Key characteristics of notice savings accounts include:

• Competitive variable rates of interest (AER)

• Advance notice periods range from 14 to 120 days

• Variable interest rates, which may rise or fall depending on a number of factors (including the Bank of England’s base rate)

On the Raisin UK marketplace,  you can compare notice accounts with competitive interest rates from our partner banks (see our notice account comparison table). There’s a range of different notice periods to choose from, including 35 day, 45 day, and 90 day notice savings accounts.

A notice account has the following benefits:

• You’ll earn a competitive interest rate of up to 4.15% AER variable

• Choose from a range of notice periods to suit your goals

• You can withdraw your money after a set notice period

• The notice period can help you plan withdrawals in advance.

• Eligible deposits with UK-regulated banks are protected up to £120,000 per person, per bank as part of the Financial Services Compensation Scheme.

• Free to open

To withdraw from a notice account through Raisin UK, you must close the account to trigger the notice period. You’ll receive your funds (plus interest) to your Transaction Account on the expiry of the notice period. You can do this at any time by logging in online or through the Raisin UK App and selecting the account you wish to close. Upon request, you’ll enter the notice period.

When the funds return to your Transaction Account, you can either open a new savings account or transfer them back to your nominated bank account. Find out more about how Raisin UK works in our quick start guide.

Notice accounts are generally viewed as a short-term savings option, especially if you opt for an account that has a relatively short notice period. The shortest notice period currently available at Raisin UK is 14 days, while the longest is 120 days. There are various options in between, including 45 day and 95 day notice accounts, meaning you can choose a term to suit your individual needs and goals.

We’ve summarised some of the advantages and disadvantages of notice savings accounts below.

Typically, interest is paid gross without prior deduction of tax. Savers are responsible for managing their own tax obligations, including any tax due on interest earned in a notice account.

Basic rate taxpayers can earn up to £1,000 of savings interest each tax year without paying tax (correct as of January 2026) due to the personal savings allowance (PSA), while higher-rate taxpayers can up to £500. If your total savings interest goes over your allowance, you’ll usually pay tax on the excess through HMRC self-assessment or an adjustment to your PAYE tax code.

The HMRC website has guidance on whether you’ll need to pay tax on the interest that you receive. You might seek independent tax advice if needed.

It’s generally advised to choose a notice period that works for you and your savings goals. When comparing notice accounts, you may want to consider:

• Notice period length: Common periods are 30, 60, 90, or 120 days, and the longer the notice, the higher the rate tends to be.

• Interest rate type: Most notice accounts offer variable rates, so your rate could go up or down depending on the Bank of England’s base rate and other factors. You can read more about whether interest rates will rise for savers.

• Minimum and maximum deposits: Some banks require a minimum opening balance and some cap the amount you can hold in one account.

• FSCS protection: Check whether the provider is covered by the Financial Services Compensation Scheme (all eligible deposits on Raisin UK are covered by the FSCS up to £120,000 per person, per bank).

• Rates: Compare the AER against easy access and fixed rate bonds.

To open a notice account, simply register for a Raisin UK Account and follow the steps to apply. Registration is free. Once your application has been approved, you can open a notice account and transfer your deposit.