Introducing the 120-Day Notice Pot: 4.31% AER (variable) on every Emma plan

Some savings have a job that's months away: a house deposit, a wedding, next year's tax bill. You know you won't need that money next week, yet it often sits in an easy access account earning less than it could.

Today we're launching a pot built for that money: the 120-Day Notice Pot.

How it works

• 4.31% AER (variable). The same rate on every Emma plan, including free.
• 120 days' notice to withdraw. When you request a withdrawal, your money arrives 120 days later. It keeps earning interest during the notice period.
• Interest calculated and paid daily. You'll see it build up in your 120 Day Notice Interest Pot.
• Start from £1. You can save up to £500,000.
• FSCS protected. Your money is held with OakNorth Bank through our savings partner Bondsmith. Eligible deposits are protected by the FSCS up to £120,000 per person, per bank.

What the notice period means in practice

Say you request a withdrawal on a Friday afternoon. We send the request to the bank on the next working day (Monday), and your money arrives 120 days after that. Requests made before 10am on a working day go to the bank the same day.

You can't get your money back sooner, so a notice pot isn't the right place for your emergency fund.

What could you earn?

If you put £1,000 in today and the rate stayed at 4.31% AER for a year, you'd have £1,043.10 after 12 months. The rate is variable, so this could change.

Notice Pot or Easy Access?

• Easy Access Pot: withdraw any time. Suits money you might need at short notice.
• 45-Day Notice Pot: a middle ground, with 45 days' notice.
• 120-Day Notice Pot: the longest notice period, for money you're confident you won't need for at least four months.

You can hold more than one type of pot, so you can split your savings by when you'll need them.

How to open one

1. Open Emma and go to the Save tab
2. Tap Create pot
3. Choose 120-Day Notice Pot

FAQs

Is the rate fixed?
No, it's variable and may change.

Does my Emma plan change the rate?
No. The 120-Day Notice Pot pays the same rate on every plan.

How is my money protected?
Eligible deposits are protected by the FSCS up to £120,000 per person, per bank. This limit includes any other money you hold with OakNorth.

The interest rate is variable and may change. Withdrawals require 120 days' notice. Emma Pots are available to UK residents aged 18 and over. Pots are provided by Bondsmith Savings Limited; deposits are held with OakNorth Bank plc. Full terms at emma-app.com/pots-terms.