Notice Accounts
Grow your savings with terms to suit your business needs. Give us notice to withdraw your money.
Summary box
Account name: Notice Account
What is the interest rate?
It's a variable Interest Rate, as shown below:
|
AER1 |
GROSS p.a.2 |
Notice period |
|---|---|---|
|
AER1 1.87% |
GROSS p.a.2 1.85% |
Notice period 32 days’ notice required to make withdrawal or close the account |
|
AER1 2.66% |
GROSS p.a.2 2.63% |
Notice period 95 days’ notice required to make a withdrawal or close the account |
Interest rates stated above are available as at 06/02/2026 and expire on 19/03/2026 but may be subject to change.
Product is a managed rate set by Bank of Scotland. Interest is calculated and paid to your account daily (unless otherwise agreed).
1AER – The AER stands for Annual Equivalent Rate and is the notional rate, which illustrates the gross rate as if paid and compounded on an annual basis. As every advert for a savings product will contain an AER, you’ll be able to compare more easily what return you can expect from your savings over time.
2Gross Rate – Gross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HM Revenue and Customs.
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Yes. The interest rate is a managed rate set by Bank of Scotland and is subject to change.
If this change is not to your advantage, Bank of Scotland will give you 14 Days’ notice before it comes into effect.
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An illustration of an estimated future balance based on a range of terms is shown below.
Future balance for Notice Accounts Account
Initial Deposit
Gross Rate p.a.
Final Balance
Account
32 Day Notice Account
Initial Deposit
£10,000.00
Gross Rate p.a.
1.85% (variable)
Final Balance
£10,186.72
Account
95 Day Notice Account
Initial Deposit
£10,000.00
Gross Rate p.a.
2.63% (variable)
Final Balance
£10,266.48
We worked this out by assuming that:
- You hold the Account for 12 months
- You don’t withdraw any money
- Interest is calculated and paid to the Account daily
- The Interest Rate stays the same
- You make your first deposit on the day the Account is opened
- You don’t add any more money into the Account.
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To apply for a Notice Account you should:
- Need the account for business purposes
- Be a sole trader, partner or director
- Be age 18 or over
- Be based and operating in the UK (excluding Channel Islands and Isle of Man)
You can open your account either using Online for Business, business banking app, or over the phone.
You’ll need to deposit £10,000 or more up to a maximum of £5,000,000.
How to manage your account
- You can get an update on the balance in Online for Business, business banking app, or over the phone.
- You can manage the 32-day Notice Account in Online for Business or over the phone.
- You can manage the 95-day Notice Account over the phone.
- To close a 95 Day Notice Account you must provide 95 Days’ Notice.
- To close a 32 Day Notice Account, you must provide 32 Days’ Notice.
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To withdraw money you must provide either 32 or 95 Days’ notice, depending on your chosen account.
If you do withdraw money, it must be at least £10,000 and the remaining account balance must be £10,000 or more.
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Financial Services Compensation Scheme
Eligible deposits with Bank of Scotland plc are protected up to a total of £120,000. Due to FSCS eligibility criteria not all business customers will be covered.
Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service.