A notice account could be for you if you're happy to plan when you withdraw your money. In return you'll normally get higher interest than an easy access account.
They have variable interest rates, which means the interest you earn could go up or down.
Choose from annual interest or monthly interest, depending on the account.
The amount of notice you'll need to give will depend on the account.
Why choose Aviva Save?
We find great rates, so you don't have to.
Access to multiple banks and building societies through a name you know.
One password, one place. Compare, manage and switch multiple savings accounts in the same spot.
The Financial Services Compensation Scheme (FSCS) is the UK's statutory fund of last resort for customers of financial services. If any of the banks we work with were to go out of business, you get automatic protection of up to £85,000 per person per banking group. Any money you have in a bank that goes beyond the limit won't be covered by the scheme.
Rates offered can change. We refresh the rates shown every hour.
You can find detailed information on all our partner banks and their FSCS cover here.
When we show the interest rate as an AER, it stands for Annual Equivalent Rate. This is what the interest rate would be if it was paid once a year. It helps you compare different accounts and see how much you can earn on your savings.
With a notice savings account, the interest you earn will have the condition that you give the bank or building society a certain amount of notice before you make any withdrawals. In return, you'll earn interest at the advertised rate, paid either monthly or annually - depending on the account. You may not be able to access your money before giving the right amount of notice, or you could lose interest accrued as a penalty.
How many notice savings accounts can I have?
There’s no limit to the number of notice savings accounts you can have. You should be aware of the Financial Services Compensation Scheme limit of £85,000 as anything above that won’t be returned if there’s a problem with the bank you’re using. This limit applies to banking groups and not savings accounts, so you should make sure you aren’t saving more than £85,000 with a single group.
What are the notice savings account charges?
We won’t charge you for using the marketplace. Instead, we receive payments from the partner banks based on the amount of money deposited through Aviva Save. The savings accounts and interest rates offered directly by our partner banks may be different from the ones you see on Aviva Save.
Which notice savings account is right for me?
Which account you choose will depend on the rate of interest you want balanced with how much notice you’re happy to give on any money you take out. You can use those yardsticks to find an account that suits you.
How long does it take to open a notice savings account?
There are a few easy steps to opening a savings account with Aviva Save.
Firstly, you'll need to pick a savings account. From there, register for a MyAviva account if you don't already have one. It's the way you'll access your savings securely. To do this you have to be over 18 and a UK resident.
We'll also need a few details like your bank account and National Insurance number. Keep an eye on your email in case we need more information, and for confirmation that your registration is complete. You'll then be able to open any savings accounts you want with Aviva Save.
We'll give you details of the transaction account that you'll use to fund savings accounts you open with Aviva Save. You'll move money from your bank to your transaction account, then it will be added to any Aviva Save accounts automatically - this takes around 2 business days.
We'll send a security code by text or email to complete any transfers.
When will I receive any interest?
It depends on the type of account you have. Some accounts pay out interest monthly and others pay out yearly. You can find when interest is paid by going to your account details through the marketplace.
Not sure which savings accounts are right for you? Learn more about the different types of savings accounts available on our Aviva Save marketplace.
How is my interest taxed?
If you're a UK basic rate taxpayer, you can usually earn up to £1,000 a year tax-free on your savings, known as a Personal Savings Allowance. If you're a higher rate taxpayer, the tax-free amount is up to £500. If you are an additional rate taxpayer, you don’t get a Personal Savings Allowance. If your interest goes above your Personal Savings Allowance, it will be added to your income and taxed at the rate that applies to you. Taxation depends on your personal circumstances and rules may change in the future. To get the latest information on tax on savings interest, you can visit HMRC.
Compound interest calculator
Crunch the numbers and see how compound interest can grow your savings.
We've teamed up with Raisin UK to offer you Aviva Save. Raisin UK is a subsidiary of Raisin GmbH which provides savings marketplaces to over 1,000,000 customers across 30+ countries.
You're unable to open an Aviva Save account if you have any of the following accounts: Raisin UK, Smart Savings from Willis Owen or Cash savings hub from AJ Bell.
Grow your savings
Keen to start saving? Our educational articles will help you learn more.
For our joint protection, telephone calls may be recorded and/or monitored and will be saved for a minimum of 5 years. The cost of calls to 03 prefixed numbers are charged at national call rates (charges may vary dependent on your network provider) and are usually included in inclusive minute plans from landlines and mobiles. Our opening hours may be different depending on which team you need to speak to.
