95-day notice personal savings account

Want a bit more flexibility with your savings?

Our notice accounts let you 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.

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

*AER stands for Annual Equivalent Rate and illustrates what the rate would be if interest was paid and compounded once each year.

Earn

1.10%

AER*

Did you know? You could get a better rate in a fixed-term account.

Take a look.

Product Summary Box
Account name 95-Day Notice Personal Savings Account (Issue 1)
What is the interest rate?
  AER* Gross annual interest Gross monthly interest
95-Day Notice Personal Savings Account 1.10% 1.10% 1.09%

Interest is calculated daily and paid monthly or annually.

Interest will be paid into your Allica Bank savings account.

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 £1,011.00 £11.00

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 when you 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 internet banking using our internet banking service.​
  • To request a withdrawal, simply give our customer services team a call on the number below.
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.

 

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

Need to know

Before applying for an Allica Bank Personal Savings Account, remember that:

  • 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 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 95 days.

To be eligible for an Allica Bank Personal Savings Account, you should:

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

How your money is protected

fscs

 

All our savings accounts are covered by the Financial Services Compensation Scheme (FSCS).

This means that, should anything happen to Allica Bank, any deposit of up to £85,000 will be protected.

Find out more aboutyour eligibility for FSCS coverage here.

Why Allica Bank?

Allica Bank exists to empower small and medium UK businesses to succeed. Built using innovative technology, real human relationships and trust will always sit at the heart of what we do.

We are based in Milton Keynes and London, and were granted our UK banking licence in September 2019. Acting with integrity, working collaboratively and being straightforward are the values Allica Bank lives by. We are expert banking for business Britain.

Want to know more? Get in touch

Send us an email

customer.services@allica.bank

Give us a call

0330 094 3333

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

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