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Notice Accounts

Provider Rate Min/Max Deposit Opening Account Accessing Account Interest Options SG Verdict
Allica Bank
0.70% (95 Days) £1,000 / £250,000

Branch
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Branch
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  • Paid on Anniversary
  • Paid Monthly
  • Paid Annually
  • Paid On Maturity

Allica are based in Milton Keynes and were awarded their banking licence in 2019 and launched in April 2020. 

You can find out more about them here

BLME
0.65% (90 day) £10,000 / £1,000,000

Branch
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Telephone

Branch
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  • Paid Annually
  • Paid Away

This account pays expected profit, rather than interest, to meet Sharia law requirements. 

Although £10,000 is required to open the account, once open, a lower minimum balance of £1,000 is needed.  There is also a minimum withdrawal amount of £1,000

Charter Savings Bank
0.72% (120 Day) 0.67% (95 Day) 0.60% (60 Day) £5,000 / £1,000,000

Branch
App
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Post
Telephone

Branch
App
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Post
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  • Paid on Anniversary
  • Paid Away or Compounded
  • Paid Monthly
  • Paid Annually

Wolverhampton based Charter Savings is part of Chartercourt Financial Services, which launched in 2015, and has recently merged with One Savings Bank, which has a combined £16.6bn of savings balances

Close Brothers
0.67% (95 Day) £10,000 / £2m

Branch
App
Internet
Post
Telephone

Branch
App
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Post
Telephone

  • Paid Annually
  • Paid Compounded
  • Paid annually on 30th June

Close has been trading since 1878 and looks after £5.5bn of savings

OakNorth Bank
0.48% (120 Day) 0.46% (90 Day) £1,000 / £250,000

Branch
App
Internet
Post
Telephone

Branch
App
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Post
Telephone

  • Paid Monthly
  • Paid Compounded

OakNorth launched in 2015 and offers debt and property finance to UK small and medium size enterprises.

It changes rates regularly without notice so move quickly if this rate appeals.

Oxbury Bank
0.52% (95 Day) £1,000 / £500,000

Branch
App
Internet
Post
Telephone

Branch
App
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Post
Telephone

  • Paid on Anniversary
  • Paid Annually
  • Paid Compounded

Oxbury is a specialist agricultural bank, focused on lending to UK farms.  It got its banking licence in 2020 and launched savings accounts in February 2021.

Savers will need a smartphone to download the Oxbury Banking App as part of the security measures to access their online account

Paragon Bank
0.70% (120 Day) £500 / £100,000

Branch
App
Internet
Post
Telephone

Branch
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Post
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  • Paid on Anniversary
  • Paid Away or Compounded
  • Paid Monthly
  • Paid Annually

Low minimum balance on this notice account from Birmingham based Paragon Bank, who look after over £7.8bn of savings.    

RCI Bank
0.45% (95 Day) £1,000 / £1m

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid on Anniversary
  • Paid Away or Compounded
  • Paid Monthly
  • Paid Annually

RCI have been a regular in our easy access and fixed rate bond tables.  This is their first entry in our notice accounts.

Part of French car giant Renault, RCI are now a UK licensed bank and covered by the Financial Services Compensation Scheme

Secure Trust Bank
0.75% (120 Day) 0.50% (45 Day) £1,000 / £1m

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Away or Compounded
  • Paid Quarterly
  • Paid: 31 Mar
  • 30 June
  • 30 Sept
  • 31 Dec

Birmingham based Secure Trust Bank look after over £2bn of deposits.  Their products tend not to be able for long so move quickly if this rate appeals.

Find out more about them here

Shawbrook Bank
0.72% (120 Day)
0.55% (45 Day)
£1,000 / £85,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid on Anniversary
  • Paid Away or Compounded
  • Paid Annually

Essex based Shawbrook launched in 2011 and look after over £7bn of savings.

About The Savings Guru

We help savers get the best deal for their money by providing unique insight in to the savings market.  We help prospective banks apply for a banking licence and we help build customer services, products and marketing for them.  We also work with existing banks and building societies to improve their savings propositions.  This  insider view of savings means we are uniquely placed to help savers.

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