Business Notice Account
Be the one to choose
If you can't commit to a Business Fixed Term Deposit Account but you don't need instant access to your cash, our Business Notice Accounts could be the ideal choice. Earn a higher interest rate than with our Business Instant Access Account when only having to provide 35, 60 or 95 days' notice before withdrawing the funds
Your savings, your choice
Choose from a notice period of 35, 60 or 95 days
Flexible saving
Make as many deposits and withdrawals as you like
Interest booster
Up your interest with our notice accounts
What you need to know
We’re up front with our customers about everything. We’ve created this handy summary of our Business Notice Account key features so you can see the important information from the get-go
| Interest rates | Interest payment frequency | Notice period |
|---|---|---|
|
1.60% - 2.10% AER* (variable) |
Monthly | 35, 60 or 95 days |
The current rates are:
| Notice period | Rate |
|---|---|
| 35 days | 1.59% gross / 1.60% Monthly AER** |
| 60 days | 1.84% gross / 1.85% Monthly AER** |
| 95 days |
2.08% gross / 2.10% Monthly AER** |
*AER stands for annual equivalent rate. It shows what the interest rate would be if interest was paid and compounded once each year. Variable means we change these rates and charges from time to time, or introduce new charges. If this means you’ll pay more, we’ll let you know beforehand.
** Monthly AER shows what the interest rate would be with interest paid and compounded on a monthly basis.
Eligibility
You can apply for a Business Notice Account if:
- You’re aged 18 or over
- At least 50% of your business’s directors and beneficial owners – people who own more than 25% of the shares – are resident in the UK
- At least 50% of the shares are owned by people who are resident in the UK
You don't have to have another Metro Bank account open in order to open this account.
Opening an account
Open in store – find your local store.
For more information please call the Business Team on 0345 08 08 508 or simply talk to your Relationship Manager.
Find out what you need to open an account
Deposits
You can deposit money whenever you want and you can make as many withdrawals as you want, as long as you provide 35, 60 or 95 days' notice. You don’t need to close the account even if you withdraw all the money. It stays open so you can starting putting money into it again whenever you like.
Notice periods & withdrawals
Partial and full withdrawals are permitted, but any withdrawal can only occur after the required number of days’ notice. Please note, if you think you’ll need access to your money without giving notice this product may not be appropriate for you and you may wish to consider our Business Instant Access Deposit Account instead.
Your account and tax
Since 6 April 2016 interest on savings has been paid without tax being deducted. For more information, please contact the Business Team on 0345 08 08 508.
Get all the details to read at your leisure
Download our PDF to read when you like - it contains all the ins and outs of our Business Notice Account.
Open an account
Come and see us in store
FAQs
How do I give notice?
You can give notice that you want to transfer money out of your Business Notice Account in store or by giving the Business Team a ring on 0345 08 08 508.
Do I have to have another Metro Bank account to open a Business Notice Account?
No. You can open this account on its own.
Can I pay money to a non-Metro Bank account when the notice period is up?
Yes. You can choose an external account to pay your money to at the end of the notice period.
Can I withdraw money with less notice than I’ve agreed to?
No. You can't take money out earlier than the number of days you've chosen.
Where can I find rates for business products that are now closed to new customers?
You can find the rates for any account that is not listed on the current rates page set out in Rates for Closed Business Products.
Your ways to bank
Online
Check balances, see transactions and open new accounts any time - all with Business Online Banking.
In-store
A friendly face and a quick answer - and all the usual payment services too.
By phone
Talk to a real person in our UK contact centre. Click the button below to check when we're available.
Some more things you may like...
Saving with us
Fixed term deposits
With our Fixed Term Deposit Account you can decide how long you want to lock your money away for and with our fixed interest rate you'll know exactly what you'll earn.
Business banking
All deposit accounts
The right deposit account can help you reach your goals. See our range of deposit accounts that will make your money work harder.
Saving with us
Easy access to your cash
Get instant access to your cash 24/7.
FSCS
Protecting your money
Your eligible deposits with Metro Bank are protected by the FSCS.