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Notice Accounts

Provider Rate Min/Max Deposit Opening Account Accessing Account Interest Options SG Verdict
Al Rayan Bank
2.40% (120 Day) 2.25% (100 Day) 2.20% (90 Day) 1.55% (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.  

Allica Bank
2.30% (180 Day) 2.26% (95 Day) £10,000 / £250,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Annually
  • Paid Compounded

Allica are based in Milton Keynes and were awarded their banking licence in 2019 and launched in April 2020. 

You can find out more about them here

 Investec - Raisin
1.95% (32 Day) £1,000 / £85,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid On Maturity

This product is only available via the Raisin UK platform but comes with a £30 sign up bonus for Savings Guru customers.  You can find out more about Raisin, and how to claim the sign up bonus here

 QIB - Raisin
2.30% (95 Day) £1,000 / £85,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid On Maturity

This product is only available via the Raisin UK platform but comes with a £30 sign up bonus for Savings Guru customers.  You can find out more about Raisin, and how to claim the sign up bonus here

 UBL - Raisin
2.16% (95 Days) £1,000 / £85,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid On Maturity

United Bank Limited UK (UBL) was formed in 2001 from the merger of two Pakistani banks and has branches in Ilford, Bradford, Birmingham, Glasgow Manchester and London.

This product is only available via the Raisin UK platform but comes with a £30 sign up bonus for Savings Guru customers.  You can find out more about Raisin, and how to claim the sign up bonus here

 United Trust Bank
2.50% (200 Day)
2.25% (100 Day)
2.10% (40 Day)
£5,000 / £1m

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Away or Compounded
  • Paid Annually

London based specialist lender United Trust launched in 1955 and look after £1.6bn of savings

Find out more about them here

BLME
2.52% (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 an opening balance of £10,000 is required, the minimum balance after opening is £1,000 with a minimum withdrawal amount of £1,000.

You can find out more about them here

Close Brothers
2.35% (95 Day) 1.70% (35 Day) £10,000 / £2m

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Annually
  • Paid Compounded
  • Paid annually on 30th June

Close Bank have been trading since 1878, are a FTSE 250 listed company and look after over £6.4bn of savings

You can find out more about them here

Furness Building Society
2.30% (120 Day) £1,000 / £250,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Away or Compounded
  • Paid Annually
  • Paid 31st December

Furness Building Society is based in Barrow-in-Furness and was founded in 1865.  It looks after £920m of savers deposits.

Gatehouse Bank
2.30% (120 Day) 2.20% (95 Day) £1,000 / £1,000,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid on Anniversary
  • Paid Monthly
  • Paid Annually
  • Paid Away

This account pays expected profit, rather than interest, to meet Sharia law requirements. 

Investec
2.35% (90 day) £25,000 / £1m

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid on Anniversary
  • Paid Monthly
  • Paid Annually
  • Paid Away

A competitive rate from Investec, who pay a loyalty rate of 0.05% (included in the rate we display) if notice is not placed for 90 days.

Savers can access up to 20% of their money immediately with the loss of up to 0.10% on their interest rate.

Market Harborough
2.17% (180 Day) From £5,000 / £500,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Away or Compounded
  • Paid Monthly
  • Paid on the last working day of the month

Market Harborough is the 25th largest building society in the UK and looks after £395m of savings

OakNorth Bank
2.50% (120 Day) 2.40% (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.

OakNorth change their rates frequently so move quickly if this rate appeals

You can find out more about them here

Oxbury Bank
2.52% (180 Day) 2.51% (120 Day) 2.41% (95 Day) £1,000 / £500,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid on Anniversary
  • Paid Annually
  • Paid Compounded

Oxbury is a specialist agricultural bank, focused on lending to UK farms.  It got its banking licence in 2020 and launched savings accounts in February 2021.

Savers will need a smartphone to download the Oxbury Banking App as part of the security measures to access their online account

You can find out more abou them here

Paragon Bank
2.15% (120 Day) £500 / £100,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid on Anniversary
  • Paid Away or Compounded
  • Paid Monthly
  • Paid Annually

Birmingham based Paragon launched in 2014 and now look after £9.3bn of savings.

You can find out more about them in our banking directory here

RCI Bank
2.40% (95 Day) 2.10 (14 Day) £1,000 / £1m

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid on Anniversary
  • Paid Away or Compounded
  • Paid Monthly
  • Paid Annually

Part of French car giant Renault, RCI are a UK licensed bank and covered by the Financial Services Compensation Scheme

You can find out more about them here

Recognise Bank
2.20% (95 Day) 1.25% (35 Day) £1,000 / £85,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid on Anniversary
  • Paid Away or Compounded
  • Paid Monthly
  • Paid Annually

Recognise is the latest bank to be authorised having received its full banking licence in September 2021.

You can find out more about them here

Secure Trust Bank
2.60% (180 Day) £1,000 / £1m

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Away or Compounded
  • Paid Quarterly
  • Paid: 31 Mar
  • 30 June
  • 30 Sept
  • 31 Dec

Birmingham based Secure Trust Bank look after over £2bn of deposits.  Their products tend not to be able for long so move quickly if this rate appeals.

Find out more about them here

Shawbrook Bank
2.06% (120 Day)
1.55% (45 Day)
£1,000 / £85,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid on Anniversary
  • Paid Away or Compounded
  • Paid Annually

Essex based Shawbrook launched in 2011 and looks after £7.84bn of savings

Find out more about them here

About The Savings Guru

We help savers get the best deal for their money by providing unique insight in to the savings market.  We help prospective banks apply for a banking licence and we help build customer services, products and marketing for them.  We also work with existing banks and building societies to improve their savings propositions.  This  insider view of savings means we are uniquely placed to help savers.

Find out moreMeet the Team

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