The Great British Bake Off is back, but whilst the contestants may know the perfect recipe for a cake, what ingredients do you need to make a notice account? And how long will it take for your savings to rise like a Victoria sponge?

They say that you can't have your cake and eat it. But that's not always the case. When you have a savings account, you'll be able to see your savings rise. Checking your balance online is akin to peeking through the oven door with excited anticipation.

So what goes into making the best notice accounts? As we've all got different cake preferences, we'll all be looking for something different from a notice account, but there are some core ingredients that should be considered.


First you'll need a pinch of experience and reputation. A bank that has been around for a number of years is likely to be a safe choice for your savings. To make sure that you've chosen correctly, take a look at online reviews from websites such as Feefo and Trustpilot. These are real insights into how customers feel they're being treated.


Next, you'll be wanting to add a big dollop of protection to make sure that your money won't be lost if the worst happens and your account provider ceases business. A bank like Secure Trust Bank that has FSCS protection ensures that up to £85,000 of your savings (or £170,000 if you have a joint account) will be safe.


You'll also want a spoonful of peace of mind. That's because when you're using online banking, you want to know that the bank is doing all it can to keep your information secure. The cherry on top is finding that your account provider is Cyber Essentials Plus accredited. This means they're part of a Government-backed scheme that verifies the methods used to protect you from internet-based threats.

Choosing the right account

That's the account provider, but what about the notice account itself?

Notice accounts require you to give your bank a period of notice; ranging from two weeks up to six months. As such, they can encourage saving because money can't be withdrawn instantly and the interest rate is often better than you'd find for an instant access account.

To make sure you're not left with a bad taste in your mouth, check if there's a minimum sum to open an account, and make sure that the notice period fits your circumstances. There's little worse than watching your cake rise but not being able to open the oven door when you need to!

Adding and taking out

Getting the mixture just right is important, so as well as finding out if there's a minimum amount required to open an account, and a minimum for each deposit, it's good to know what you can take out, too. Notice accounts often have a limit set on the number of interest and capital withdrawals.


We all need ways to save time and effort, so when faced with a hand whisk or an electric one, there's one obvious choice. Having an account that you can both open and manage online will save you time because you won't need to leave your house and go to a branch to put a deposit into your notice account. It'll remove the hassle of queuing and will also be safer for you in these times of social distancing.

Find out more

You can learn about our notice savings accounts by visiting our Notice Account page.

Secure Trust Bank PLC. Registered in England and Wales 541132. Registered Office: One Arleston Way, Solihull, B90 4LH.
Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Our registration number is 204550

All communications with us will be monitored/recorded to improve the quality of our service and for your protection and security.