What interest rate does the GB Bank 120 Day Notice Account pay?

The GB Bank 120 Day Notice Account pays 4.08% AER variable.

How much interest could I earn?

Saving £10,000 for 1 year would earn about £408 at 4.08% AER. This assumes the rate stays the same and interest stays in the account.

How much can I pay in?

You can deposit at least £1,000 and up to £100,000.

Can I withdraw my money?

Yes, but you need to give 120 days' notice before the money is paid out.

When is interest paid?

You can choose to have interest paid monthly or annually.

Who can open this account?

New and existing GB Bank customers can open it. You can open it online or in the app.

Is my money protected?

Yes. Eligible deposits are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per person, per banking licence.

How does it compare with other notice accounts?

At 4.08% AER it ranks 24th of 95 notice accounts we track. The best pays 4.40% and the average is 3.46%.

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Notice Account

GB Bank 120 Day Notice Account Review

A competitive notice account from GB Bank, needing 120 days' notice, with a £1,000 minimum deposit. It ranks 24th of 95 notice accounts we track.

Rate checked Oct 2026Got this account? Leave a review

Variable rate · 120 days' notice

4.08%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£1,000

Max balance

£100,000

Access

120 Days

Interest paid

Monthly/Annually

How It Stacks Up

Ranks 24th of 95

Notice accounts we track

Above average

This account 4.08%

UK CPI (Aug 2026): 3.10%; Pays 0.98% more
Average notice account: 3.46%; Pays 0.62% more
Best notice account: 4.40%; Pays 0.32% less

Inflation: ONS. Averages and best rates: accounts on DepositScout.

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A Good Fit For

Pro: New and existing savers
Pro: Savers who want a monthly income

Worth Weighing Up

Con: You need to give 120 days' notice to withdraw
Con: The rate is variable, so it can go down
Con: You need at least £1,000 to open it

Good to Know

There is a 21-day funding window

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Estimated returns with GB Bank's Notice Account

What you could earn with GB Bank's 120 Day Notice Account.

Estimated interest

£1,000 saved

£40.80

At 4.08% AER

£5,000 saved

£204

At 4.08% AER

£10,000 saved

£408

At 4.08% AER

£100,000 saved

£4,080

At 4.08% AER

Estimated over one year, if the rate stays the same and interest is left in. Amounts outside the account's minimum or maximum aren't shown.

Work out the tax on your interestSee how much of this interest could be taxed.

Our Expert Opinion on GB Bank 120 Day Notice Account

Jonny PeaseCo-Founder, DepositScout

GB Bank's 120 Day Notice Account pays 4.08%, which sits near the market average for notice accounts but is 0.32% behind the category leader at 4.40%. The rate does beat August 2026 CPI of 3.1% by 0.98%, so your money is at least growing in real terms. The main catch is the 120-day notice period, which is on the longer side, and if you want something more accessible, United Trust Bank's 40 Day Notice pays a very similar 4.10%. You can deposit between £1,000 and £100,000, and interest can be paid monthly or annually depending on your preference.

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