• 30 Day Notice Account

    Ideal for customers who can tie up their money to make it work harder for them. Instant access is available but no interest will be paid on the funds withdrawn if 30 days written notice is not given.

  • Reasons to choose our 30 Day Notice Account

    • 30 days' notice – you can have instant access to the money but you will lose 30 days' interest on the amount withdrawn
    • £1 minimum, £5 million maximum
    • Tiered interest is calculated daily and paid monthly

    Summary box

    Account name Business 30 Day Notice
    What is the interest rate?
    Interest rate 0.05% Gross/AER
    You'll earn interest on balances of £1 or more. Interest is calculated each day and paid monthly.
    Can TSB change the interest rate?

    Yes. We can move the interest rate up and down at any time. Our Terms and Conditions explain when we'll do this.

    If we increase the interest rate, we'll make details of the rate change available in branch and on our website, within 3 days of the changes. If we decrease the interest rate, we'll let you know personally and give you at least 2 months' notice.

    What would the estimated balance be after 12 months based on a £1,000 deposit?

    Based on a £1,000 deposit, with no withdrawals made from the account, and variable interest rates remaining the same:

    Initial deposit

    Interest earned at 0.05% Gross/AER
    Estimated balance after 12 months
    This is an example only and doesn't take into account your individual circumstances.
    How do I open and manage my account? Ways to open
    • Over the phone
    • In branch
    Who can open You must be:
    • 18 or over; and
    • A UK resident
    Open with
    • £1 minimum opening balance
    Manage your account
    • In branch
    • Over the phone
    • Online
    Can I withdraw money? Withdrawals allowed

    Yes, notice required. Instant access allowed with penalties

    Notice period
    30 Days 
    Withdrawal charges Loss of 30 days' interest on the amount withdrawn if notice is not given
    How to withdraw

    To a TSB Business Current Account in the business name

    Additional information
    • Accounts can only be opened in the business name
    • Interest is paid gross (without taking off tax)
    • If you earn more interest than the Personal Savings Allowance, you may have to pay extra tax yourself
    • The Personal Savings Allowance is £1,000 for basic rate taxpayers and £500 for higher rate taxpayers. Additional rate taxpayers do not receive a Personal Savings Allowance

    Rates and information correct as at 04/09/16.

    AER stands for Annual Equivalent Rate. It illustrates what your interest rate would be if interest was paid and compounded each year and allow you to easily compare different savings accounts. As every advertisement for a savings product, which quotes an interest rate, will contain an AER you will be able to compare more easily what return you can expect from your savings over time.

    Gross rate means that credit interest is paid without income tax being deducted.

    Before you apply

    To apply online for a 30 Day Notice Account from TSB you will need to confirm the following:

    • You are a sole trader, partner, or director
    • You are aged 18 or over
    • You require the account for business use
    • Your annual business turnover
  • Financial Services Compensation Scheme

    Financial Services Compensation Scheme

    Visit fscs.org.uk to find out more



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