Notice Accounts

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

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 2.60% (variable)	Indicative interest rate Managed Rate 2.63% (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 2.95% (variable)	Indicative interest rate Managed Rate 2.99% (variable)

Interest rates stated above are available as at 03/11/2023 and expire on 14/12/2023 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. 2.60% (variable)	Final Balance £10,263.40
Account 95 Day Notice Account	Initial Deposit £10,000.00	Gross Rate p.a. 2.95% (variable)	Final Balance £10,299.38

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

Commercial Banking Markets General Terms of Business (PDF 128kb)
Commercial Banking Markets Deposits Terms and Conditions (PDF 128kb) (to be read in conjunction with Commercial Banking Markets General terms of Business)
32 Day Notice account product information factsheet (PDF 376kb)
95 Day Notice account product information factsheet (PDF 384kb)

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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