Are Notice Accounts being overlooked?

Notice Accounts may be a less familiar type of savings account to many, but they can offer a middle ground for savers who are prepared to plan ahead when needed.

Non-ISA Notice Accounts make up less than 0.3% of total savings accounts* held in the UK, with many savers instead choosing more widely recognised options such as Cash ISAs, Easy Access accounts or Fixed Rate bonds.

So, what exactly are Notice Accounts - and who might they be suitable for?

Notice Accounts can be a useful option for savers who want to strike a balance between accessibility and earning a competitive return. Unlike Easy Access accounts, Notice Accounts require you to give a set number of days’ notice before withdrawing your money. The length of notice varies depending on the provider and is an important factor to consider. In general, accounts with longer notice periods may offer higher interest rates, reflecting the reduced access during that time.

However, interest rates are variable and can change. This may suit savers who want a degree of access to their money but are comfortable planning withdrawals in advance rather than needing immediate access.

You can usually make as many deposits as you like, allowing you to build your savings steadily over time without restrictions on how often you add funds. If you choose to, you could also spread your savings over different terms giving you a little more flexibility.

At Chetwood Bank, our Notice Accounts also don’t require a minimum balance, which makes them accessible to a wide range of savers. Interest is also paid monthly, giving you a clearer picture on how your savings are growing.

Our savings are also protected up to £120,000 with the Finance Services Compensation Scheme (FSCS)

Notice Savings Accounts may be suitable for savers who are comfortable with giving notice before accessing their money and understand that interest rates can change. As with any savings product, it’s important to consider your own financial needs and circumstances before deciding whether this type of account is right for you.

*CACI Ltd, Current Account & Savings Database, Stock Volume. March 2026