A notice account is a savings account that requires the holder to give a set period of notice, such as 30, 60, or 90 days, before withdrawing funds, often in exchange for a higher interest rate.
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
How a notice account works
A notice account sits between an instant access savings account and a fixed term deposit. A business can usually pay money in and earn interest, but to take money out it must give the provider a set number of days notice. The notice period, often 30, 60, or 90 days but sometimes shorter or longer, begins when the withdrawal is requested, and the funds are released when it ends. In exchange for this delay, notice accounts often pay a higher rate than instant access accounts, current as of 8 February 2026.
Notice account and other savings options
An instant access account allows withdrawals at any time, usually at a lower rate. A fixed term deposit locks funds for a set term and typically does not allow withdrawals until maturity. A notice account is a middle option, giving a higher rate than instant access while keeping some flexibility, provided the business can wait out the notice period.
Why it matters to a business
A notice account can suit a business that holds a cash reserve it does not expect to need at short notice. The notice period means the money is not suitable for unexpected or emergency costs. Rates are often variable and can change, minimum deposits vary, and deposit protection depends on the country and institution, so confirm current terms with the provider.
Frequently asked questions
What is a notice account?
How long is the notice period on a notice account?
Can I withdraw money immediately from a notice account?
Do notice accounts pay more interest than instant access accounts?
Definitions, fees, features, and eligibility change and vary by region. This page was last reviewed on 8 February 2026. Confirm current terms with the provider before applying.