How do you give notice?
You must give notice for each withdrawal you plan to make, you do this by telling your savings provider online, over the phone or in writing.
You have to tell them:
Which account you want to withdraw from
When you want to make the withdrawal: any date after giving the notice period
How much you want to withdraw: you can withdraw up to this amount without penalty
You can only make one withdrawal after you have given notice, even if you withdraw less than you had specified.
If you try to withdraw more than you had given notice for, you will be penalised for the entire amount.
For example, if you gave notice to withdraw £100, but try to withdraw £150 you will be charged an interest penalty on the whole £150.