Woman Standing Against The Wall
Back to Savings accounts

Notice savings accounts

Notice savings accounts are ideal for earning an attractive interest rate while having flexibility, making them a good choice when saving for future goals like home buying or a wedding. All you need to do is notify us in advance when you would like to make a withdrawal.

Why Shawbrook?

Here are just a few reasons why...

  • Award-winning products
  • Consistently competitive rates
  • FSCS protected up to £85,000
  • Receive your interest monthly or yearly

  Logos of awards that Shawbrook has won for savings

Why this product could be for you?

The flexible way to achieve your savings goals

  • Avoid impulse withdrawals
  • Withdraw with 45 or 120 days’ notice
  • Save regularly – make unlimited deposits
  • Open an account with as little as £1,000

Our Notice Savings Acounts

45 Day Notice Account

Let us know in advance when you would like to make a withdrawal, and we’ll pay you an attractive variable rate.

Term

Unlimited

5.16%

Variable

Gross AER

120 Day Notice Account

Let us know in advance when you would like to make a withdrawal, and we’ll pay you an attractive variable rate.

Term

Unlimited

4.50%

Variable

Gross AER

Terms explained
AER stands for Annual Equivalent Rate and illustrates the interest rate if it was paid and compounded each year. We quote the AER on all of our accounts so that you can compare our products with those of other banks. GROSS is the interest rate without the deduction of income tax. This is the interest rate paid on your account. Terms & Conditions for Personal Accounts

Financial Services Compensation Scheme (FSCS)
Your eligible deposits with Shawbrook Bank Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Joint accounts are protected up to £170,000. Any deposits you hold above the limit are unlikely to be covered. For further information visit www.fscs.org.uk

Explore our other products

smiling lady

Savings accounts

At Shawbrook, it’s all about saving smarter, not harder.

We have a range of savings accounts to suit your needs. Consistently great rates, award-winning products and FSCS protected.

Cash ISAs

Easy access or fixed rate on your ISA account – it’s up to you.

Invest up to £20,000 tax-free each year and choose from easy access or fixed rate accounts.

Easy Access accounts

Discover Easy Access savings with a competitive rate.

Withdraw your money whenever you need it – open as a sole or joint account.

Fixed rate savings accounts

Find a fixed rate savings account with a term that suits your needs.

Benefit from a guaranteed interest rate with terms ranging from 9 months to 7 years.

Help

Below are some of the most common queries about our savings accounts. 

A notice savings account is a type of savings account that has no fixed term but requires a notice period before you can withdraw your money. They offer more flexibility than a fixed term account. They work best if you don’t want to lock your funds away for a long time but will know in advance when you need access to your savings.

The notice period will differ depending on the account you have chosen. For example, if you choose a 45 day notice period, you’ll receive your funds 45 days after you request it.

Although notice accounts are more flexible than a fixed rate bond, the notice period means they are not suitable for people who want to access their funds at any time. For those who want even more flexibility, an easy access account could be right for you.

Whether a notice savings account is the best option will depend on your circumstances and savings goals. But some of the benefits include:

  • Unlike a fixed term bond (such as a 1 year fixed rate bond, for example), you don’t have to make new investment decisions at the end of the term. The money will remain in your account and keep gaining interest until you decide to withdraw, so you can leave it in the notice savings account for as long as you want.
  • After you’ve made the minimum deposit, there is no minimum deposit amount so you can keep topping it up as and when you like.
  • Having a notice period can help you make more informed decisions and avoid the temptation of dipping into savings.

Yes, the interest rate is variable, so it can change.

You can find out more about how interest rates can change in section 17 of our Terms and Conditions for Personal Savings Accounts, which you’ll find on our savings documentation page.

You can add money to your account, up to your maximum deposit amount, whenever you like.

How to make a deposit into your account.

You can withdraw money from your account at any point, but you’ll need to give us notice beforehand. This notice period will depend on your account.

You can submit a withdrawal request in your online account. We're in the process of upgrading the online experience for all of our customers. We'll contact you before this happens.

If your online account has not been upgraded yet:

  • log in and select Requests
  • select Withdraw money and follow the steps


If your online account has been upgraded:

  • log in and select Messages and help
  • select your notice account and send a message specifying the amount you want to withdraw

Once your notice period has ended, we’ll send your money to you.

Need more help?

We have a range of information to help you understand savings including how our products work, operating your account and getting in touch with our team. 

Award-winning Savings

Make sense of savings

Businessman Sitting In A Loft At Concrete Wall
Help

All about ISAs

Everything you need to know about ISAs and how they work.

Smiling Man At Home With Gadgets
Help

Depositing & withdrawing from your account

Find out how to make a deposit and withdrawal from your savings account.

Businesswoman Working On Mobile Phone While Holding Coffee Cup
Help

Getting your documents

Help on accessing your documents. 

Savings accounts for your business

Make your cash work as hard as you do. If your business is in the enviable position of having some spare cash to hand - even if it’s for a finite period of time - it makes sense to get it working for you. At Shawbrook we have a range of solutions designed to suit the needs of your business.