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.
| 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 |
| 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 |
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.
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 means exempt from UK income and capital gains tax in the hands of the investor.
Want to ask us a specific question? Enquire online here or phone us on 01623 676350
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