What is a Notice Account?

A Notice Account allows you to grow your savings with terms to suit your business needs. There are two types of Notice Account, one where you have to give 32 days notice to withdraw your money and the other 95 days notice.

You’ll need to deposit £10,000 or more. If you do withdraw funds, it must be for at least £10,000. And the account balance must be £10,000 or more. There is no fixed term and more funds can be paid into the account.

See our interest rates

Benefits

Earn daily interest

Interest is calculated and paid into your account daily.

Add more funds

Pay in additional funds any time and online with a 32 day notice account.

Flexibility

There is no fixed term but you must give notice to withdraw funds.

Is your business eligible?

To apply for our notice account, you should:

  • Require the account for business use
  • Be a sole trader, partner or director
  • Be age 18 or over

How do I apply for a savings account?

  1. Log into Online for Business
  2. Select Savings from the navigation
  3. It should only take about 10 minutes

Apply for a Notice Account

Apply for a Notice Account

Apply for a Notice Account

Make your surplus cash work harder with a Notice Account tailored to your needs

Log on and apply

Summary box

Account name: Notice Account

What is the interest rate?

It’s a variable Interest Rate, as shown below:

Account

Term length

Indicative interest rate GROSS p.a.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. Whilst the Gross rate quoted is the annual rate of interest, please note that the duration of your deposit will affect the amount of interest that you are paid.

Indicative interest rate AERThe 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 will be able to compare more easily what return you can expect from your savings over time.

Account

32 Day Notice Account

Term length

No set term

 

32 days’ notice required to make withdrawal or close the account

Indicative interest rate GROSS p.a.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. Whilst the Gross rate quoted is the annual rate of interest, please note that the duration of your deposit will affect the amount of interest that you are paid.

Managed Rate 2.50% (variable)

Indicative interest rate AERThe 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 will be able to compare more easily what return you can expect from your savings over time.

Managed Rate 2.53% (variable)

Account

95 Day Notice Account

Term length

No set term

 

95 days’ notice required to make a withdrawal or close the account

Indicative interest rate GROSS p.a.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. Whilst the Gross rate quoted is the annual rate of interest, please note that the duration of your deposit will affect the amount of interest that you are paid.

Managed Rate 4.00% (variable)

Indicative interest rate AERThe 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 will be able to compare more easily what return you can expect from your savings over time.

Managed Rate 4.08% (variable)

Interest rates stated above are available as at 21/06/2024 and expire on 01/08/2024 but may be subject to change.

The interest rate is set and managed by Lloyds Bank. Interest is calculated and paid to your account daily (unless otherwise agreed).

Explore more from business savings

Protecting your deposits

The Financial Services Compensation Scheme (FSCS) will protect your deposits up to the value of £85,000, subject to eligibility criteria.

Find out more about FSCS

New to Lloyds Bank?

If you have a turnover greater than £3m, it’s easy to open a Notice Account, even if you’re not a Lloyds Bank customer.

You can apply online or call us on 0345 600 6391.

Apply online
 

Supporting UK Businesses

See how we’re supporting UK businesses in our latest Credential report.
 

Read our credentials report (PDF, 394KB)

Frequently asked questions

Other ways to save

Fixed Term Deposit

Deposit £10,000 or more and earn a fixed rate of interest for up to 2 years.

Explore Fixed Term Deposits

Instant Access savings

Open an account with as little as £1 and access your money at any time with no fixed term.

Explore Instant Access Account

Important Legal Information

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.

The products and services outlined on this site may be offered by legal entities from across Lloyds Banking Group, including Lloyds Bank plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc and Lloyds Bank Corporate Markets plc are separate legal entities within the Lloyds Banking Group.

Lloyds Bank is a trading name of Lloyds Bank plc, Bank of Scotland plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no.2065. Bank of Scotland plc. Registered Office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland no. SC327000. Lloyds Bank Corporate Markets plc. Registered office 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 10399850. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278, 169628 and 763256 respectively.

We adhere to The Standards of Lending Practice which are monitored and enforced by the LSB: www.lendingstandardsboard.org.uk.

Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.