Compare other products
We currently don't have that product, but here are others to consider:
How we picked theseWhat is a business notice savings account?
A business notice savings account is a type of business account that requires you to give notice before you can access your money. The amount of notice you need to give can vary dramatically, but generally, the longer the notice period, the better the interest rate you’ll receive.
Overall, notice accounts pay higher rates of interest than savings accounts that let you access your money instantly. However, rates might not be as high as with a fixed-rate bond, where you’re required to lock away your business funds for a set time.
How does a business notice account work?
Business notice savings accounts work similarly to other savings accounts, but they require you to notify the provider ahead of time if you want to make a withdrawal.
How much notice is required varies depending on the account and the provider, but it’s usually anywhere between 30 and 180 days. When comparing notice accounts, you’ll need to consider how far you can plan ahead to work out how much notice you can realistically give before withdrawing funds. In some cases, you might be able to access your money faster, but you’ll usually pay a penalty.
It’s also important to check minimum and maximum deposit requirements to be sure you can meet them. You can usually add to your funds as and when you need to.
Are my savings protected by the FSCS?
As long as your savings account is with a bank or building society authorised by the Financial Conduct Authority (FCA) or Prudential Regulation Authority (PRA), your savings will be covered by the Financial Services Compensation Scheme (FSCS) up to a limit of £85,000.
However, if your savings is with an e-money provider, your funds won’t be protected by the FSCS. Instead, as long as the provider is regulated by the FCA, your money will be held in segregated accounts, so if the provider ceases trading, you should still get your money back.
Are there any other alternatives?
Yes, there are a number of other types of business savings account to consider. If you’d prefer to access your money whenever you need it, a business easy access account would be more suitable. However, interest rates are generally lower than notice accounts.
Alternatively, if you’re prepared to lock away some of your business savings for a period of between 1 and 5 years, you will earn an even higher rate of interest with a business fixed-rate bond. However, you can’t access your money during this time, and you usually can’t add to your savings either.
Bottom line
Business notice accounts can offer a good compromise between an easy access account and a fixed-rate bond. You’ll typically earn a higher rate of interest than an easy access account, but you won’t need to lock away your funds for a lengthy period as you would with a fixed-rate bond.
More guides on Finder
-
Side hustle statistics UK: How many people have a side hustle?
2 in 5 Brits (39%) have a side hustle in 2025. The average income from side hustles in the UK is £210 a week or £914 a month.
-
Best business bank account switching offers in the UK
By switching your business bank account, you may be able to reduce your monthly fees or take advantage of different features like smart bookkeeping tools.
-
Juni business account review
Learn more about Juni’s business account for ecommerce and online marketing entrepreneurs.
-
Wise business account review
Learn more about the benefits of opening a business account with Wise
-
SumUp business account review
Find out more about the SumUp business account, including its pros and cons.
-
GoSolo business account review
We look at the features and fees of GoSolo’s business account range.
-
Santander business bank account comparison and review
Santander has some great free banking offers for startups, as well as accounts for charities and companies who hold money on behalf of clients.
-
Monzo business account review
Challenger bank Monzo now offers business banking. Check out what accounts it provides and whether they could be the right business banking solution for you.
-
Starling Bank business account review
Thinking about opening a Starling business account? Take a look at our analysis to find out if it’s suited to your company.
-
Countingup review
Challenger Countingup draws accounting and business banking together in one account. Our review looks at how it works and what it costs.