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.
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 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 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.
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
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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.
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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.