Business Deposit Services
Business Deposit Accounts
These accounts are applicable to Limited Companies, PLCs and partnerships.
Partnership Account
- Instant Access
- For partners’ money - (e.g. Firm of solicitors)
- Interest paid monthly or half yearly to the account, or a nominated account
- Interest rate is variable
- Interest paid Net†
- AER** set 0.3% below ***Bank of England Base Rate
- Minimum balance £1
Corporate Call Account
- Instant Access
- For Corporate Bodies (e.g. Limited Companies)
- Tiered Interest Rates
- Interest rate is variable
- Interest paid Gross*, monthly
- Interest can be added to the account, or a nominated account
- Minimum deposit £50,000
Term Deposit
- Competitive Rates quoted daily Rate & term fixed at time of opening
- Interest paid on maturity, or paid away to a nominated account monthly
- Interest paid Gross* or Net† (depending on circumstances)
- Minimum balance £50,000
- No withdrawals or deposits during the fixed term chosen
Managed Rate Notice Account
- For individuals, corporate bodies and professional firms
- Tiered Interest Rates
- Interest is paid on the 1st of the month
- Interest rates are set weekly, each Thursday, in line with current Money Market rates
- A guarantee that Gross* rate will not fall below ***Bank of England Base Rate plus 0.10% for balances of £500,000+
- 7 days notice is required
- Minimum initial deposit £500,000
***Bank of England Base Rate is 0.50% as at 31/01/2012