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Compare Business Notice Accounts

Allica Bank Business Savings
  • Min Deposit
    £20,000
  • Max Interest
    5.01%
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Redwood Bank Business Savings
  • Min Deposit
    £10,000
  • Max Interest
    4.75%
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Recognise Bank Business Savings
  • Min Deposit
    £1,000
  • Max Interest
    4.40%
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NatWest Business Savings
  • Min Deposit
    £1
  • Max Interest
    4.25%
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Virgin Money Business Savings
  • Min Deposit
    £100,000
  • Max Interest
    4.55%
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10 Best Business Notice Accounts in 2024

Editorial Team
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Business notice accounts are types of business savings accounts that offer more flexibility than fixed term savings and higher interest rates than easy access accounts. The only downside is you will need to give notice every time you want to move your money around.

Find the best business notice savings accounts with competitive rates from the UK's top banks and building societies.

Allica Bank Notice Business Savings Accounts

  • Digital bank offering two notice business savings accounts
  • You can choose from 95 days or 180 days
  • Giving variable rates of 4.75% & 5.01% AER, respectively
  • Calculated on daily balances & paid on the anniversary of when opened
  • You will need £20,000 to open or operate either accounts
  • Unlimited deposits can be made up to a total balance of £2 million
  • Open with a simple online application & manage online or in-app
  • Need to nominate a current account, this can be an Allica business account, which earns interest with easy access
  • Eligible deposits are covered by the FSCS up to £85,000
Allica Bank Business SavingsWebsiteRead our in-depth Allica Bank review

Redwood Bank Notice Accounts

  • Offer two award-winning business notice accounts with access up to four users
  • The terms available are 35 days notice or 95 days notice
  • You'll be able to get rates of 4.10% or 4.75% AER, respectively
  • Both accounts give you the choice of monthly or annual interest
  • Deposit from £10,000 with unlimited top-ups, up to £1 million per account
  • Each business can hold a total of £2 million across all accounts
  • Apply online in 15 minutes & manage securely 24/7
  • Eligible deposits up to £85,000 are protected by the FSCS
  • Awarded Best Business Variable Rate Deposit Account Provider 2019-23, in the Moneyfacts Business Awards
Redwood Bank Business SavingsWebsiteRead our in-depth Redwood Bank review

Recognise Bank Business Notice Accounts

  • Five business notice accounts available to small businesses
  • With terms from seven to 180 days
  • Interest rates vary from 3.15% to 4.50% AER, calculated daily
  • Choose to have the interest paid monthly or annually
  • Into your savings account or a nominated business bank account
  • Limited companies & limited liability partnerships can deposit from £1,000 to £250,000
  • While sole traders & partnerships can only save up to £85,000, across all accounts
  • Open an account in minutes & manage securely online
  • Eligible deposits are protected by the FSCS, up to a total of £85,000
Recognise Bank Business SavingsWebsiteRead our in-depth Recognise Bank review

United Trust Bank Business Notice Accounts

  • Three notice accounts available, with rates from 4.10% to 5.00% AER
  • And terms from 40 to 200 days notice, given by email or online
  • Also offer a 180 day account that tracks the BoE base rate, currently at 5.25% AER
  • Interest is calculated daily & paid annually on the 31st October
  • The rates are variable & subject to change
  • All accounts require a minimum balance of £5,000 & can hold £1 million
  • Open by applying by post or online
  • You have 14 days after submitting an application to make a deposit
  • Business savings deposits, up to £85,000, are covered by the FSCS
United Trust Bank Business SavingsWebsiteRead our in-depth United Trust Bank review

Virgin Money Business Notice Accounts

  • Option of four accounts that link to Virgin business current accounts
  • With notice terms from 30 to 120 days, which can't be changed
  • Earning you interest rates from 3.87% to 4.85% AER, variable
  • All require a minimum deposit of £100,000 & have no maximum balance
  • Further investments can be made at any time by cheque or transfer
  • Withdrawals need notice & take two days or are instant if you have a Virgin business account
  • Applications are made completely online
  • And you can manage the accounts online, by app or in-store
  • Regulated bank benefitting from FSCS-protection on eligible deposits
Virgin Money Business SavingsWebsiteRead our in-depth Virgin Money review

Shawbrook Bank Business Notice Accounts

  • Popular online bank with 45 day & 100 day business notice accounts
  • They earn either 3.76% or 4.51% AER variable
  • On balance over £5,000, up to £2 million
  • If your balance falls below £5,000, you will earn a rate of 0.05% AER
  • Choose to have your interest paid monthly or annually
  • Deposits can be made at any time but withdrawals are subject to notice
  • Available to businesses with no more than four shareholders or account users
  • Manage your savings 24/7 through their online eSavings portal
  • Eligible deposits with Shawbrook are protected up to a total of £85,000 by the FSCS
Shawbrook Bank Business SavingsWebsiteRead our in-depth Shawbrook Bank review

Mansfield Building Society Business Deposit Notice Accounts

  • Offer one business savings account with 180 days notice needed
  • The interest rates is a variable 4.50% AER
  • Which includes a 0.50% bonus for six months, meaning you'll earn 4.00% AER after
  • Interest is payable on the 31st December every year
  • A minimum of £1,000 will be needed to open & operate
  • Deposits can be made at any time, subject to a maximum balance limit of £1 million
  • Access in branch, by post or exclusively online
  • You will need a business bank account for withdrawals & deposits
  • Fully regulated with deposits up to £85,000 protected by the FSCS
Mansfield Building Society Business SavingsWebsite

Dudley Building Society Local Business Notice Accounts

  • Offer two notice accounts to businesses & charities, clubs or communities
  • The notice periods available are 30 or 90 days
  • With variable interest rates of 3.95% or 4.10% AER
  • This is paid annually on the 31st March
  • Notice must be given for, or interest will be forfeit on the withdrawn amount
  • An initial deposit of £1,000 is needed, this is also the operating balance
  • You can save up to a maximum of £1 million
  • Accounts can be opened at Dudley BS branches or sending application by post
  • Deposits up to £85,000, that are eligible, are protected by the FSCS
Dudley Building Society Business SavingsWebsite

NatWest Liquidity Manager Notice Account

  • Offer two accounts, with 35 or 95 day notice periods
  • You will get interest rates of 3.25% or 4.25% AER
  • On all balances as no minimum or maximum limits apply
  • Interest is calculated on your daily balance & applied on the last business day of each month
  • It is also variable meaning it is subject to change
  • No early withdrawals are permitted, you must give notice
  • Accounts can be opened in-person or online
  • Then manage in your local branch, online or by phone
  • Business deposits benefit from FSCS protection, up to £85,000
NatWest Business SavingsWebsiteRead our in-depth NatWest review

Royal Bank of Scotland Liquidity Manager Notice Account

  • Choice of two accounts with notice from 35 to 95 days
  • Earning you rates of 3.25% or 4.25% AER
  • On all balances as is no minimum or maximum savings limit
  • Interest is calculated on your daily balance & paid on the last business day of each month
  • The rates are also variable & so subject to change at any point
  • Early withdrawals are not allowed, you must give notice
  • Open an account at your local RBS or apply online
  • You can then manage your deposits online, in-branch or by phone
  • Eligible deposits, up to £85,000, are covered by the FSCS
Royal Bank of Scotland Business SavingsWebsiteRead our in-depth Royal Bank of Scotland review

What is the best business notice account?

Here's what we think are the best notice accounts for your business and what for:

  • Best business notice account overall: Allica Notice Business Savings Accounts · Rates up to 5.01% AER
  • Best 35 day notice: Redwood Notice Accounts · Rates up to 4.75% AER
  • Best 90 day notice: Dudley Building Society Local Business Notice Accounts · Rates up to 4.10% AER
  • Best 120 day notice: Virgin Business Notice Accounts · Rates up to 4.85% AER
  • Best 180 day notice: Allica Notice Business Savings Accounts · Rates up to 5.01% AER
  • Best for highest interest: United Trust Bank Business Notice Accounts · Rates up to 5.25% AER

What is a business notice account?

A business notice account is a savings account that requires notice to be given before withdrawals can be made, or if you want to close your account.

You can normally make multiple deposits at any time but access varies from seven days to 180 days of prior notice

What is the highest interest rate available for business notice accounts?

Currently the highest interest rate available on a business notice account is offered by United Trust Bank with 5.25% AER (variable) from their Bank of England base rate tracker 180 day notice account.

Who can open a business notice savings account?

The majority of businesses should be able to get a notice account. This includes sole traders, limited companies, partnerships and even charities.

With this said the eligibility criteria for getting a business notice account will vary from bank or building society, so make sure you read the requirements properly before applying.

How to open a notice business savings account

The most common ways to open a notice account for your business include applying online or in-app, by email, telephone, or by visiting a branch (this is usually the case for building societies).

Frequently asked questions

It's not uncommon to have questions when looking in to business banking, especially for the first time. These are some of the most relevant questions for business savings accounts:

AER is the annual equivalent rate, it shows the annual rate at which interest is paid and compounded.

Yes, the interest rate for business notice accounts is variable meaning it can be changed at any time by the bank or building society, usually after written warning.

Yes, but as their name suggests you have to give notice before you can have your money. For example if you have a 30 day notice account you would have to give 30 days notice of how much money you would like to withdraw.

If you're looking for competitive rates but don't have the patience to lock your money away in fixed term business bonds then business notice accounts are a great option.

The interest rates can be as high as those offered by bonds but you can still access your money within reasonable time-scales and you can even make further contributions, meaning you could save more.