Business Deposit 90 Day Notice (3rd issue)

Summary Box

Documentation and Mandates

We require the following documentation and mandates:

Limited company:
• Company Registration Number or Memorandum of Articles of Association
• A resolution of the Board of Directors to open the account confirming authority to those who will operate it and the address to which the passbook and correspondence should be directed
• Specimen signatures of mandate holders (minimum of 2 specimen signatures required for each mandate holder)

Sole trader, partnership or unincorporated business:
• Business letterheading, invoice and business cards
• Two documents confirming the identity and residency of the business owner/partners
• Signed mandate with authority to open and operate the account
• Specimen signatures of mandate holders (minimum of 2 specimen signatures required for each mandate holder)

Evidence of identification and proof of residency is also required for the individual(s) operating the account.

We may also request information about the company or LLP and its owners, directors or members.

About our Savings Products

Before applying for one of our savings products, please read this in conjunction with our General Account Terms and Conditions, which provides full details of the terms and conditions applied to this and other accounts offered by us.

Where there is a conflict between information displayed on the product and the General Account Terms and Conditions, the terms of the product will apply.

The General Account Terms and Conditions are provided to all new account holders and are also available on request.

How to Apply

You can send your application form through the post or visit one of our branches to speak to a member of staff who will be able to talk you through the application process.

In common with other financial organisations we will need evidence of identification and proof of residency. Please see the You and Your Savings Account leaflet for details.

Cancellation Rights

If you are not happy about your choice of account, you may cancel it within 14 days of: the day you enter into the contract, or the day on which you receive the contract terms and conditions and other information on paper or electronically, whichever is later.

We will help you switch to another of our accounts or we will give you all your money back with any interest it has earned. We will ignore any notice period and any extra charges.

Charitable Assignment

All new customers opening a savings account will be required to sign a declaration agreeing to assign any windfall conversion benefits to the Charities Aid Foundation. This assignment will apply for the first 5 years of membership. Existing members with continuous membership prior to the effective date are not affected. Our Charitable Assignment Scheme leaflet provides full details.


1. 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. 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.

Our savings accounts are exclusively available to UK Residents only.

These account details apply to personal investors only unless stated in the detailed information.

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