Personal savings account

95-day notice savings account

Get a great return on your cash without tying it up for a fixed term. We'll just need 95 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.

Earn

0.70% AER*

FSCS protected
2021-06-13 09:44:28
At a glance

Flexible saving

No fixed term. Just give us 95 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.

Product Summary

Account name

95-Day Notice Personal Savings Account (Issue 1)

What is the interest rate?

  AER* Gross annual interest

95-Day Notice Savings Accounts

0.70% 0.70%

 

Interest will be paid into your Allica Bank savings account annually.

 

*AER stands for annual equivalent rate and illustrates the interest rate if it was paid and compounded once each year.

What is the minimum and maximum I can invest?

You can invest between £1,000 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 £1,000 deposit?

Opening deposit Balance at maturity Interest earned
£1,000.00 £1,007.00 £7.00

 

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 at maturity.
  • 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.

Can I withdraw money?

You can request a withdrawal by contacting our customer service team. We'll then return your funds to you 95 days from that date. The 95-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 95 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 £1,000 and £250,000 in this account.
  • We don't charge any fees for using our savings accounts.
  • Applications are made entirely online. So make sure you have access to the internet, and also a mobile phone in order to complete our security checks.
  • If you want to make a withdrawal, give us a quick call to let us know. You'll receive your money in 95 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.

In addition, all controlling persons and significant owners must be resident in the UK and over 18 years' old.

Download the product summary as a PDF

FSCS Protected

All our savings accounts are covered by the Financial Services Compensation Scheme (FSCS). This means that, should anything happen to Allica Bank, any eligible deposit of up to £85,000 will be protected.

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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See our available personal savings accounts

This product is currently not available. However, you can see our full range of available personal savings accounts by clicking the button below.

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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.

Most of us are based in our Milton Keynes and London offices, although we have team members out on the road across the country helping businesses like yours.

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

  • Integrity
  • Collaboration
  • Being straightforward

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

8:30am - 5:30pm Monday-Friday

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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