Account Overview & Key Features
Our 90-Day Notice Account strikes the ideal balance between easy access savings and longer-term fixed accounts. By providing a 90-day notice period for withdrawals or closures, you are rewarded with a consistently higher variable interest rate.
Key Features at a Glance
| Account Type | 90-Day Notice Personal Savings Account |
|---|---|
| Interest Rate | 4.75% AER / Variable (calculated daily, paid annually) |
| Minimum Balance | £500 |
| Maximum Balance | £250,000 total holdings per individual |
| Interest Payment | Credited annually on 31st December and upon account closure |
| Withdrawals & Notice | Withdrawals or full account closure require 90 days' prior notice. Immediate access withdrawals are permitted subject to loss of 90 days' interest on the amount withdrawn. |
Eligibility Criteria
To open a Notice Savings Account with Leicester Building Society, you must meet the following criteria:
- Be aged 16 or over.
- Be a resident in the United Kingdom for tax purposes.
- Hold a nominated UK bank or building society current account in your name.
Frequently Asked Questions
You can submit a notice of withdrawal securely via your online banking portal, by calling our customer service line, or by completing a withdrawal form at your local branch. Once the 90-day notice period has elapsed, funds will be transferred to your nominated bank account.
Yes, because this is a variable rate account, the interest rate may fluctuate in response to broader economic changes or base rate adjustments. We will always notify you in advance of any downward rate changes in accordance with our terms.
Eligible deposits held with Leicester Building Society are protected up to £85,000 by the Financial Services Compensation Scheme (FSCS).