Notice Accounts

Grow your savings with the flexibility to suit your business needs.

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 money, 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 money can be paid into the account.

See our interest rates

Benefits

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	Indicative interest rate
Account 32 Day Notice Account	Term length No set term 32 days’ notice required to make withdrawal or close the account	Indicative interest rate Managed Rate 2.50% (variable)	Indicative interest rate 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 Managed Rate 3.81% (variable)	Indicative interest rate Managed Rate 3.88% (variable)

Interest rates stated above are available as at 02/08/2024 and expire on 19/09/2024 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).

Can Lloyds Bank change the interest rate? expandable section

Yes. The interest rate is a managed rate set by Lloyds Bank and is subject to change.

If this change is not to your advantage, Lloyds Bank will give you 14 Days’ notice before it comes into effect.

What might the future balance be? expandable section

An illustration of an estimated future balance based on an example deposit is shown below.

Account	Initial Deposit	Gross Rate p.a.	Final Balance
Account 32 Day Notice Account	Initial Deposit £10,000.00	Gross Rate p.a. 2.50% (variable)	Final Balance £10,253.14
Account 95 Day Notice Account	Initial Deposit £10,000.00	Gross Rate p.a. 3.81% (variable)	Final Balance £10,388.33

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.

How do I open and manage my Notice Account? expandable section

You can open your Account online or over the phone

You can manage your 32 day notice online

You can also manage your 32 day and 95 notice account over the phone or by email.
Can I withdraw money? expandable section

To withdraw money you must provide either 32 or 95 Days’ notice, depending on your chosen account.
Additional information expandable section

Product Terms for Deposit Accounts (PDF, 397 KB)

32 Day Notice account product information factsheet (PDF, 376 KB)

95 Day Notice account product information factsheet (PDF, 384 KB)

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Frequently asked questions

Can I speak to someone about Notice Accounts? expandable section

If you’re an existing customer and want to speak to someone, call 0345 305 5555. We are available 8am to 5pm, Monday to Friday.
When the Bank of England changes Bank Rate, will my Notice Account rate change? expandable section

The interest rate on your Notice Account is a managed rate set by Lloyds Bank. The rate is variable and subject to change. The rate is not directly linked to Bank Rate. However, changes in Bank Rate as well as other market and economic conditions may affect whether the rate on your Notice Account increases or decreases. If a rate change is to your disadvantage, Lloyds Bank will provide 14 days’ notice before it comes into effect.

You can provide Notice to close the account if you are unhappy with the new rate (either 32 days or 95 days depending on the type of Notice Account).
How long does it take to complete the online application form? expandable section

The application form should take about 10 minutes to complete.

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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.

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.