Personal savings account

180-day notice savings account

Get a great return on your cash without tying it up for a fixed term. We'll just need 180 days’ notice if you want to withdraw.

Apply now See product summary

Before you apply, make sure you read the summary and Terms and Conditions for this account.




FSCS Protected
2024-07-19 10:39:57
At a glance

Flexible saving

No fixed term. Just give us 180 days' notice before you want to withdraw.

Apply online

No need for any unnecessary paperwork.

FSCS protected

Eligible deposits are covered by the FSCS up to £85k.

Name of the product: 180-day notice savings account (Issue )
Gross annual interest: %
Months: 6
Issue ID 1 (From March 28, 2023)
AER 4.00%
Product Summary

Account name

180-day notice savings account (Issue 1)

What is the interest rate?

  AER* Gross annual interest
180-day notice savings account 4.00% 4.00%


Interest is calculated daily and paid annually, we will pay any interest due on the anniversary of the date you opened your account.


* ‘AER' means ‘annual equivalent rate' and is designed to make it easy for you to compare savings products. It tells you how much interest you'd earn if you put some money in an account and left it there for a full year. It takes account of things like how often the interest is paid and assumes any interest paid during that year is added to the balance and earns interest.

What is the minimum and maximum I can invest?

You can invest between £10,000 and £250,000 into this account. ​

You can make as many deposits as you like during the lifetime of the account up to a total of £250,000.

Can Allica Bank change the interest rate?

Yes we can. The interest rate on this account is variable. See section 8 in your Terms & Conditions for more information.​

What would the estimated balance be after 12 months based on a £10,000 deposit?

Opening deposit Balance at maturity Interest earned
£10,000.00 £10,400.00 £400.00


This assumes interest is paid into this savings account and does not take into account individual circumstances. ​

How do I open and manage my account?

To open your account: ​

  • You must be a UK resident aged 18 years and over. ​
  • You will need to nominate another UK bank account in your name that will be used to fund your Allica Bank savings account. This is also where we’ll send your money if you choose to make a withdrawal.
  • Once you have opened your account, you have 14 calendar days to deposit your funds. If your account has not reached the minimum deposit amount in that time, the account will be closed.​

Also, bear in mind: ​

  • You can open your account online. ​
  • You can view your balance and communicate through our internet banking service.
  • To request a withdrawal, simply give our customer services team a call.
  • You can fund using Faster Payments, but please note that we don’t accept CHAPS payments.

Can I withdraw money?

You can request a withdrawal by contacting our customer service team. We'll then return your funds to you 180 days from that date. The 180-day notice period is based on calendar days and begins the day we receive your request.

Note that, should your balance fall below our minimum deposit, we will need to close your account.

When can I close the account?

You can close the account at any time, providing you give us 180 days’ notice.​

Additional information

We will pay you your interest in full, without the deduction of income tax.

This savings account is a limited offer and can be withdrawn at any time prior to you opening your account.

If you change your mind within 14 days of opening your account, you can cancel your account without penalty or notice.

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Things you should know before applying:

  • You can save between £10,000 and £250,000 in this account.
  • We don’t charge any fees for using our savings accounts.
  • Applications are made entirely online. So you’ll need access to a mobile phone and an internet connection.
  • If you want to make a withdrawal, give us a quick call to let us know. You'll receive your money in 180 days.
  • Read the Terms and Conditions for this account.

To be eligible you must:

  • Be a UK resident.
  • Be aged 18 years and over.
  • Have a UK Bank Account.

Download the product summary as a PDF

FSCS protected

Your eligible deposits with Allica are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered.

Find out more about your eligibility for FSCS coverage here.

Open your account today!

You can apply to open your account right away using our online application form.

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About Allica

Allica Bank was built with the vision to empower small businesses to succeed.

Since being granted our banking licence in September 2019, we now number over 100 employees – and are still growing fast.

We have offices in Milton Keynes, Manchester and London, and a team of expert relationship managers out on the road across England, Scotland and Wales, providing personal support to small and medium-sized businesses in their local communities.

No matter where we are, though. Every one of us is committed to our four core values of:

  • Integrity
  • Collaboration
  • Being straightforward
  • Delivery

Any questions? Get in touch

If you can't find the answer you're looking for in our FAQs, then we'll be happy to help you directly.

Call us

0330 094 3333

Monday to Friday (excl. Wednesday) from 9.00am to 5.00pm, and Wednesday 9.30am to 5.00pm.

Fill in the form and we’ll be in touch

Existing customers

If you already have an Allica Bank account, we recommend sending us a message through online banking.

Log in to Online Banking

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