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TeachMeFinance.com - explain notice account notice account -- a savings account on which the customer agrees to give the thrift institution a specified notice before making a withdrawal, usually in return for higher interest rates . A penalty may be imposed by the institution for a withdrawal made without the agreed upon notice. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.