Higher interest for your savings, if you don't need instant access

With our 30 Day Notice Account, you can get a higher interest rate on your savings if you give us thirty days’ notice before you make any withdrawals.

It's a great choice if you want to be able to dip into your savings, but you don't need instant access to your money. Just let us know thirty days before you want to take money out of your notice savings account and you can withdraw as much as you want, without losing out on any interest, provided the balance remains above £1.

The 30 Day Notice Account could be ideal if you've a lump sum to put away for a rainy day that you might want to add to later. Or, if you want to set cash aside for regular payments, such as car insurance, tax bills, your mortgage or rent, or other household expenses, it provides a safe home for your money until you need it.

With a little forward planning, it couldn't be easier to give your savings a welcome boost with our notice savings account.

5 reasons to choose our 30 Day Notice Account

Get a higher interest rate- to help your money grow faster
Easy access to your savings- withdrawals are free of charge with 30 days notice
Save at your own pace - you can start with £1 and add to it when you want
Easy to manage - in branch or by post
A safe home for your savings

SUMMARY BOX – Key product information for 30 Day Notice Account

What is the interest rate?

1.00% Gross/AER variable.

AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.

Gross interest is paid directly into your account on 31 March each year.


Can Scottish Building Society change the interest rate?

The interest rate is variable and may be changed as outlined in section 9 of the Savings Terms & Conditions. When the change is an increase in the interest rate, we will let you know by writing to you or by placing notices and leaflets in all our branches and updating our website. When the change is a reduction, we will write to you 14 days before the rate change and you will then have a period of 30 days during which you may close or switch your account without having to give notice or having to lose interest or pay additional charges.


What would be the estimated balance after 12 months based on a £1,000 deposit?

If you open a 30 Day Notice Account and deposit £1,000, after 12 months the projected balance would be £1,010.

This projection is for illustrative purposes only and does not take into account your individual circumstances.


How do I open and manage the account?

This account is available to anyone aged 18 or over, and resident in the UK for tax purposes. You can open an account in branch or download an application form online. The minimum opening deposit amount is £1, up to a maximum of £1million.

You can make deposits into your account in branch (cash or cheque), by post (cheques only) or from an account of your choice. You can deposit lump sums or make regular payments by bank transfer.


Can I withdraw money?

You must give us 30 days’ notice to make withdrawals, or close your account.


Additional Information

Interest is paid gross without tax deducted. A small proportion of savers may be required to pay tax on savings interest – this should be arranged directly with HMRC through your tax return.

Please read the Savings Terms & Conditions leaflet for general conditions which apply to this account.

Find out more

Ready to apply?

Completed applications can be returned to any branch or agency office, along with proof of your identity and initial deposit.


Alternatively, you can post your application and necessary documentation to:

Scottish Building Society

SBS House

193 Dalry Road


EH11 2EF



How much do I need to open an account?

The minimum needed to open an account is £1. The maximum is £1million.

Where can I make deposits?

Once your account is open you can make deposits in branch (cash or cheque), by post (cheques only) or from an account of your choice using your bank’s online or phone banking services. You can deposit lump sums, make regular payments by bank transfer or simply pay in whenever you want to.

What happens if I need access to my money?

To access your money you must give us thirty days’ notice in person, in writing or by telephone. If you require access immediately, you will need to close your account.

When is interest paid into my account?

Gross interest is paid directly into your account each year on 31 March.

If you’re a basic rate taxpayer and have savings income or interest of more than £1,000 (£500 for higher rate taxpayers), you’ll have to pay some tax on this. You can find out more by calling HMRC on 0300 200 3300 or visit hmrc.gov.uk

Can anyone start a 30 Day Notice Account?

You can open an account if you’re 18 years or over, resident in the UK and only liable to pay tax in the UK.

New Saver Enquiries

0345 600 0585

New Mortgage Enquiries

0345 600 4085

Existing Member Enquiries

To talk to us about an existing savings or mortgage account, contact your local office

Find your local office

Lines open 9-5 Mon to Fri (10-5 Wed). Calls may be recorded and/or monitored.

Financial Services Compensation Scheme

Your eligible deposits with Scottish Building Society are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you could hold above the limit are unlikely to be covered. Please see below for further information.

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