What is the 45 Day Notice Account and how does it work?
Please note that it isn’t currently possible to open a new 45 Day Notice Account.
The 45 Day Notice Account is a savings account with a 45 day withdrawal period, which means if you make a withdrawal request in-app, there’s a 45 day waiting period before the money can be released. You may keep this account open for as long as you wish.
If you registered for this account before the 1st November 2021, your account currently has an interest rate of 0.35% AER variable.
If you registered after the 1st November 2021, your account will have an interest rate of 0.55% AER variable. If you’re an existing customer and would like to discuss switching to the higher interest rate, please reach out to us either via the in-app chat or our email at email@example.com.
Money you add to the account earns interest daily which is then paid into your savings account monthly. Withdrawals can be requested in-app at any time in Settings > Withdraw.
When you request a withdrawal, the money will stay in your savings account earning interest during the 45 day notice period. When the notice period has passed, we send your withdrawal to your bank account on the next available working day.
Like our Cash LISA, there are no fees for this account.