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Published: 28/11/2018
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Notice accounts can be ideal if you want a measure of flexibility without needing to lose access to your money for too long. They could be the perfect compromise, and if you're looking for this kind of deal, you're in luck, because our latest data shows that the average rate has hit its highest level in six years!

The average currently stands at 1.07%, up from 1.00% at the start of November and a notable rise from the rate of 0.69% seen at this point last year, and more than double the record low of 0.51% recorded in February 2017. Not only that, but it's now the highest seen since November 2012 when it stood at 1.08%, marking a six-year high – which means now could be a great time to consider one!

Why should I choose a notice account?

Notice accounts are the middle ground between easy access accounts and fixed rate bonds. They let you add money whenever you wish and offer a higher rate than their more accessible counterparts, but ask you to give a bit of notice before you make a withdrawal. This means they offer the ideal combination of flexibility and returns, and for that reason, could be suitable for a whole range of savers.

Do you want to drip feed savings into your account rather than saving a lump sum at the outset? Notice accounts can let you do just that, and can be particularly suitable if you've got a goal in mind (such as wanting to save for next year's summer holiday – start saving now and make sure to notify your savings provider in advance of your trip, and your spending money is sorted!).

Just bear in mind that they probably won't be suitable for an emergency fund, as the very nature of emergencies means that you probably won't be able to get advance warning of them occurring, and as such won't have time to give notice to your savings provider. But, if you've got a bit more leeway, they could be just the thing, and can mean you'll still get access to your funds far sooner than if you locked your money away in a bond.

Find out more about notice savings accounts

Why has the rate suddenly gone up?

As you can see from the data above, the average notice account rate has jumped up significantly in a very short space of time, rising by 0.07% in a matter of weeks (closer analysis shows that this actually happened within seven days!). But why the sudden jump?

It's all down to competition. In recent weeks, providers have been upping the ante on their notice accounts, launching new deals and raising rates on their current ones, which has transformed the notice account chart – and pushed average rates up in the process.

The notice account sector is so small that it only takes a few changes for the overall average to be impacted, and that's just what happened recently. Secure Trust Bank led the charge, improving rates on its 180-day, 120-day and 90-day notice accounts to market-leading levels, but Gatehouse Bank quickly followed suit to take the top spot in the chart.

Others have done the same, particularly among shorter-term notice accounts, which means savers now have better rates to choose from than they've had in years. Indeed, the top-paying notice account rate, which is currently 1.87% from Gatehouse Bank for a 120-day notice deal, is the highest seen since January 2016, when Paragon Bank offered a rate of 1.96% for the same term.

So why not get in on the action? Check out the best notice account rates currently available, and take advantage of rising competition in the market.


Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time. Links to third parties on this page are paid for by the third party. You can find out more about the individual products by visiting their site. will receive a small payment if you use their services after you click through to their site. All information is subject to change without notice. Please check all terms before making any decisions. This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.

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