{"id":497781,"date":"2023-07-14T13:08:46","date_gmt":"2023-07-14T12:08:46","guid":{"rendered":"https:\/\/www.finder.com\/uk\/?p=497781"},"modified":"2025-11-28T11:15:04","modified_gmt":"2025-11-28T11:15:04","slug":"business-notice-accounts","status":"publish","type":"post","link":"https:\/\/www.finder.com\/uk\/business-banking\/business-notice-accounts","title":{"rendered":"Compare business notice accounts"},"content":{"rendered":"<h3>What is a business notice savings account?<\/h3><p>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\u2019ll receive. <\/p><p>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\u2019re required to lock away your business funds for a set time. <\/p><h3>How does a business notice account work?<\/h3><p>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. <\/p><p>How much notice is required varies depending on the account and the provider, but it\u2019s usually anywhere between 30 and 180 days. When comparing notice accounts, you\u2019ll 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\u2019ll usually pay a penalty. <\/p><p>It\u2019s 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.<\/p><h3>Are my savings protected by the FSCS?<\/h3><p>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 \u00a3120,000. <\/p><p>However, if your savings is with an e-money provider, your funds won\u2019t 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. <\/p><h3>Are there any other alternatives?<\/h3><p>Yes, there are a number of other types of business savings account to consider. If you\u2019d 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.<\/p><p>Alternatively, if you\u2019re 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&#8217;t access your money during this time, and you usually can&#8217;t add to your savings either. <\/p><h3>Bottom line<\/h3><p>Business notice accounts can offer a good compromise between an easy access account and a fixed-rate bond. You\u2019ll typically earn a higher rate of interest than an easy access account, but you won\u2019t need to lock away your funds for a lengthy period as you would with a fixed-rate bond. <\/p><article class=\"luna-card luna-card--alt\"><div class=\"luna-card__block has-padding-small\">We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms \"best\", \"top\", \"cheap\" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our <a href=\"https:\/\/www.finder.com\/uk\/terms-of-use\" class=\"fin-text-navy\">terms of use<\/a>. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables is provided by Defaqto. In other cases, Finder has sourced data directly from providers.<\/div><\/article>","protected":false},"excerpt":{"rendered":"<p>Learn more about the benefits of opening a business notice savings account.<\/p>\n","protected":false},"author":1047,"featured_media":122412,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"apple_news_api_created_at":"","apple_news_api_id":"","apple_news_api_modified_at":"","apple_news_api_revision":"","apple_news_api_share_url":"","apple_news_cover_media_provider":"image","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_cover_video_id":0,"apple_news_cover_video_url":"","apple_news_cover_embedwebvideo_url":"","apple_news_is_hidden":"","apple_news_is_paid":"","apple_news_is_preview":"","apple_news_is_sponsored":"","apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[3786],"tags":[],"asset_tag":[],"class_list":["post-497781","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-banking"],"apple_news_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.9 (Yoast SEO v24.9) - 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