Company 30 Day Notice

2.50% Gross PA/AER

Interest is calculated daily and paid annually at 31st December into this account or a nominated account as stated on your application form. You can also choose to have your interest paid monthly into a nominated account.

Yes, interest rates are variable and we can change them at any time. Any changes will be made in accordance with Section 8 of our General Terms and Conditions which sets out when we can vary the interest rate and how and when we will notify you.

The estimated balance after 12 months based on a deposit of £1,000 would be £1,025.00.

This estimation assumes that:
 - £1,000 is deposited on opening the account.
 - No additional deposits or withdrawals are made.
 - Interest is paid annually and added to the account.

This projection is provided for illustrative purposes only and does not take into account your individual circumstances.

• This account can be opened online, in branch or by post.
• The account is only available to UK businesses.
• You can open the account with a minimum investment of £100 and you can save up to a maximum of £750,000.
• The number of free transactions are limited to 10 per month. More than 10 transactions per month may incur a charge. We reserve the right to make a charge for excessive cash paid in.
• The initial deposit must be by cheque in the business’s name or by transfer from the business’s nominated bank account stated on the application form. The account may not be opened with cash.
• The nominated bank account must be in a UK bank. We do not accept transfers from overseas.
• You can manage your account by post or in branch.

• Yes, you can take your money out by giving us 30 days notice in writing. Immediate withdrawals are permitted subject to 30 days penalty loss of interest.
• You can withdraw in cash at our branch, or by cheque, or bank transfer to your nominated account.
• Cash withdrawals are strictly limited and you cannot take out more than £500 at any one time.
• We do not permit bank transfers to third parties.
• Cheque withdrawals to third parties may require management approval.
• Withdrawal requests to your nominated account can also be made in writing via post.
• All withdrawals are subject to our daily limits which are outlined in our General Savings Terms and Conditions.

• Gross rate is the rate of interest payable before the deduction of tax. We will pay interest at the gross rate.
• You may need to pay tax on any interest that exceeds your Personal Savings Allowance. For more information please contact HMRC.
• AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.
• We have no current plans to withdraw this product although it can be withdrawn without notice.