Notice Accounts | The Savings Guru

Notice Accounts

Provider	Rate	Min/Max Deposit	Opening Account	Accessing Account	Interest Options	SG Verdict
Al Rayan Bank	0.90% (60 Day)	£250 / No Maximum	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Monthly Paid Away Paid on the last working day of the month	This account pays expected profit, rather than interest, to meet Sharia law requirements.
Aldermore	0.70% (120 Day)	£1,000 / £1m	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Anniversary Paid Away or Compounded Paid Monthly Paid Annually	Peterborough based Aldermore launched in 2009 and look after over £10bn of deposits. Aldermore were bought by South Africa's FirstRand in 2018.
90 day notice	0.80% (90 days notice)	£1,000 / £85,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Anniversary Paid Away or Compounded Paid Annually	Bank & Clients have offices in London and Yeovil. This account is only available to be opened and managed by post which may limit interest for those savers.
Bath Building Society	0.65%	£1 / £100,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Away or Compounded Paid Monthly Paid Annually Paid 31st December	Competitive rate from Bath Building Society, which has a balance sheet of around £300m. The current rate on this account is 0.80% but this drops to 0.65% on 20th November.
BLME	0.90% (90 day)	£10,000 / £1,000,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Annually Paid Away	This account pays expected profit, rather than interest, to meet Sharia law requirements. Although £10,000 is required to open the account, once open, a lower minimum balance of £1,000 is needed. There is also a minimum withdrawal amount of £1,000
Close Brothers	0.75% (35 Day)	£10,000 / £2m	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Annually Paid Compounded Paid annually on 30th June	First ever appearance in our notice accounts from FTSE 250 listed Close Brothers Savings. Close has been trading since 1878 and looks after £5.5bn of savings
Gatehouse Bank	0.85% (120 Day) 0.80% (95 Day)	£1,000 / £1,000,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Anniversary Paid Monthly Paid Annually Paid Away	This account pays expected profit, rather than interest, to meet Sharia law requirements.
ICICI Bank	0.85% (95 days)	£1,000 / £1m	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid On Maturity Paid Away	ICICI Bank UK is a subsidiary of the Indian Bank of the same name, which has been trading in the UK since 2003. It has around £1.65bn of UK savers deposits. The rate on this account is currently 1.10% but drops to 0.85% on 31st October 2020.
Oaknorth	0.82% (120 Day) 0.80% (90 Day)	£1,000 / £250,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Monthly Paid Compounded	OakNorth launched in 2015 and offers debt and property finance to UK small and medium size enterprises. It changes rates regularly without notice so move quickly if this rate appeals.
UBL	0.75% (35 Day)	£1 / £1,000,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Anniversary Paid Monthly Paid Annually Paid Away	The rate on this account is currently 1% but will fall to 0.75% with effect from 25th January 2021 United Bank UK, which was formed in 2001 from the merger of two Pakistani banks, has branches in Ilford, Bradford, Birmingham, Glasgow Manchester and London

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