Business Notice Accounts

Yes, most notice business accounts are available to a range of organisations, from the self-employed, micro businesses through to private limited companies.

There are notice accounts available for businesses that start with a minimum deposit of £1.

A higher balance could get you a higher rate, usually some of the better rates start from £10,000. In addition, a longer notice period could also equate to a higher rate. However, it’s not always the case as some providers choose to be more competitive to secure business deposits and may offer improved rates for notice periods.

A bond will offer you a fixed rate of interest for a fixed duration of time, whereas notice accounts usually have a variable rate of interest. This means the bank or building society can change this rate at any time (subject to giving you written notice of the change in advance).

Both products usually include penalties if you try to access your funds before the notice period set or the fixed term ends.