Notice Accounts | The Savings Guru

Notice Accounts

Provider	Rate	Min/Max Deposit	Opening Account	Accessing Account	Interest Options	SG Verdict
Aldermore	1.10% (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.
Allica Bank	1.10% (95 Days)	£1,000 / £250,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Anniversary Paid Monthly Paid Annually Paid On Maturity	Allica are based in Milton Keynes and were awarded their banking licence in 2019 and launched in April 2020.
BLME	1.10% (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
Hodge Bank	1.00%	£10,000 / £1,000,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Away or Compounded Paid Monthly Paid Annually Annual interest paid 31st March	Hodge bank is based in South Wales and was authorised in 1987. It looks after just under £1bn of deposits. The rate on this account increases to 1.10% for balances of £50,000 or more
ICICI Bank	1.10% (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 drops to 0.85% on 31st October 2020.
Melton Building Society	1.00% (90 day)	£100 / £250,000	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	The Melton is based in Melton Mowbray, with additional branches in Grantham and Oakham, and looks after £380m of savings. Melton give 0.10% of the average daily balances held in the account to Rainbows Hospice for Children and Young People charity (www.rainbows.co.uk) - a great initiative from Melton
120 Day Notice Account	1.10% (120 Day) 0.75% (40 Day)	£500 / £100,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Anniversary Paid Away or Compounded Paid Monthly Paid Annually	Low minimum balance on this notice account from Birmingham based Paragon Bank, who look after over £6bn of savings.
Secure Trust Bank	1.18% (90 Day) 1.16% (60 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: https://www.thesavings.guru/bank-directory/182-secure-trust-bank
UBL	1.00% (35 Day)	£1 / £1,000,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Anniversary Paid Monthly Paid Annually Paid Away	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
AA United Trust	1.05% (100 Day) 0.75% (40 Day)	£5,000 / £1m	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Away or Compounded Paid Annually	Competitive rates from London based specialist lender United Trust. Savers should note that, while this account can be opened online, it can only be managed by post or at UTB’s branch in Moorgate, London

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