30 Day Notice Account (this account is no longer available to new customers)

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 Instant access is available but no interest will be paid on the funds withdrawn if 30 days written notice is not given.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  • 30 days' notice – you can have instant access to the money but you will lose 30 days' interest on the amount withdrawn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 £1,000
Interest earned at 0.05% Gross/AER £0.50
Estimated balance after 12 months £1,000.50
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Withdrawal charges Loss of 30 days' interest on the amount withdrawn if notice is not given 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

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How to apply

Apply at a branch

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Lines are open 24 hours a day, seven days a week

0345 835 3858 

Useful documents

Please find key documents and further information on our legal page.

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Speak to a Relationship Manager on 0345 835 3858.
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