We have 2 products available

For businesses looking to save, we are able to offer accounts ideal for putting cash to work to help with periodic business expenses such as VAT, corporation tax or utility bill payments.

We do not currently have any business deposit accounts available to new customers, you can view all our available accounts here.

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Business Deposit 90 Day Notice (3rd issue)

Minimum Balance £1,000 +
Interest Rate (AER1/Gross2) 0.25%
Interest Payable Annually on 31 December
Withdrawals Withdrawals, closure or transfers are subject to 90 days written notice
Access Post or branch

Business Deposit 180 Day Notice (2nd issue)

Minimum Balance £1,000 +
Interest Rate (AER1/Gross2) 0.35%
Interest Payable Annually on 31 December
Withdrawals Withdrawals, closure or transfers are subject to 180 days written notice
Access Post or Branch

1. AER

AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. AERs on the Monthly Income account assume interest is added to the account each month although in practice the option to have interest added in this way is not available.

2. Gross Rate

The gross rate is the contractual rate of interest payable without tax taken off.
If separate AER/Gross rates are not quoted, both rates are identical.

^Tax Free

Tax free means exempt from UK income and capital gains tax in the hands of the investor.

Understanding Savings

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Want to ask us a specific question? Enquire online here or phone us on 01623 676350

Mansfield for Intermediaries

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