Notice savings accounts let you withdraw your cash after a set notice period – usually between 30 and 180 days. Banks typically offer a higher interest rate because you agree to give them notice before you make a withdrawal. 

Notice accounts are well-suited to saving cash for predictable costs, especially operational needs that are easy to forecast. For example, tax payments or hiring cycles.

Provided you have permission to access company accounts, you can usually open a Flagstone account for your business. This is typically the case for CFOs and Finance Directors, but it can also apply to CEOs at smaller companies. 

You can get started with a minimum deposit of £100,000. Once you join Flagstone, you can split your deposit across different account types, including Notice, Fixed Rate, and Instant Access accounts for business.

All accounts in the platform benefit from FSCS protection on eligible deposits of up to £120,000 per client, per banking group. This means you can open multiple Fixed Rate business savings accounts and increase your FSCS protection, as long as the accounts are held with different banking groups.

You can see how much of your reserves are FSCS-protected at any time within the platform.

No. You can usually only withdraw your cash once you’ve given the agreed notice. 

If you withdraw money without giving notice, you may be charged a penalty.

Business Notice savings accounts let you balance restricted access with greater interest earnings, as your rate is usually higher in return for limiting your ability to withdraw cash immediately.
 
Opening multiple types of accounts can ensure you have most of your cash when you need it, without compromising your ability to earn high interest.

It depends on the needs of your business. Every company will have different priorities that can change how much cash they need to keep in reserve. 

Notice accounts can help you maximise the value of cash you’ve set aside for future use. But the exact amount you choose to hold is your decision.

HMRC charges Corporation Tax on the interest you earn on business savings.

Business Notice savings accounts offer competitive interest, helping you grow your business’s surplus capital, instead of letting it erode in low-interest current accounts.