What is the 120 Day Notice Account and how does it work?
Our 120 Day Notice Account is a savings account with an interest rate of 3.20% AER (variable), and a 120 day notice period for withdrawals. You can keep this account open for as long as you wish.
You can pay in up to £85,000, and you’ll earn interest daily which is added to your account monthly. There are no fees for this account.
Withdrawals can be requested in-app at any time in Settings > Withdraw. When you request a withdrawal, there’s a 120 day waiting period before the money is paid out to you, during which the money will stay in your savings account earning interest. Once the notice period has passed, we’ll send your withdrawal to your bank account on the next working day.