Choose how long you want to put your money away for and know exactly how much interest you'll earn with our Business Fixed Term Deposit Account
With interest rates between 0.20% and 0.30% AER (depending how long you put your money away for), you’ll know exactly what you’ll earn.
Start saving from £5,000 with confidence in how much you'll have when your term finishes
Choose how long you want to put your money away for – from 1 to 2 years – with interest rates going up the longer it’s in
|Interest rates||Minimum balance||Interest payment frequency|
|0.20% - 0.30% AER||£5,000|| Monthly, annually or on maturity
depending on term
AER stands for annual equivalent rate. It shows what the interest rate would be if interest was paid and compounded once each year.
The amount of interest you earn depends on how long you put your money away for.
|Term||Rate (AER)||Interest paid|
|1 year||0.20%||Monthly or annually|
|2 years||0.30%||Monthly or annually|
Bringing in the right documents can smooth out the account opening process.
Everyone involved in opening the business account will need to provide proof of identity and proof of address, including:
A valid passport, EU national ID card or UK driving licence is ideal, and may be all we need.
We can only accept original documents, not photocopies.
Valid Passport/EU national ID Card means in date, undamaged and machine readable. Unfortunately, we can’t accept handwritten passports or ID cards.
If you’re providing non-photographic ID, you’ll need to bring 2 proofs of address. We can only accept original documents, not photocopies.
Valid passport with your current visa (with at least 6 months left on it) or a Biometric Residence Permit.
Must have your name and current address on it. We only accept originals. It’s handy to have 2 of these with you, just in case.
If you are a sole trader you will need to provide one of the following documents:
The document provided must have the name of the business owner on it, the business address and the trading name (if applicable).
If you are a sole trader and you can’t provide any of these documents, a site visit can be arranged if your business address is different to your residential address.
Partnerships, including limited partnerships, will need to provide one of the following documents:
The documents provided must have the partner's names on it, the business address and the trading name (if applicable).
If you are a partnership and you can’t provide any of these documents, a site visit can be arranged if your business address is different to your residential address.
If you’re a limited liability partnership we will, with your permission, carry out a credit reference agency search. If the results are satisfactory, you won’t need to provide any further documents. Otherwise you will need:
If you’re a Limited Company we will, with your agreement, carry out a credit reference agency search. If the results are satisfactory you won’t need to provide any further documents. Otherwise you will need:
You can open this account if you’re a UK-based business or commercial customer.
We believe in letting you decide how you want to bank with us – whether that’s online, in store, over the phone, through your Relationship Manager or on the move with our app.
View your Fixed Term Deposit Account online or on your mobile.
You choose how long you want to lock your money away for and get a fixed rate of interest depending on the term. You can’t access your money during the term, but you get a better rate of interest than you would with our Business Instant Access Deposit Account.
If you think you’ll need access to your money, you might want to consider our Business Instant Access Deposit Account.
You can only make one deposit during the term, but you can have more than one Business Fixed Term Deposit Account.
Since 06 April 2016, interest on savings has been paid without tax being deducted. For more information, please contact the Business team on 0345 08 08 508.
Download our PDF to read when you like - it contains all the ins and outs of our Business Fixed Term Deposit Account.
No – you choose to lock your money away for a term of 1 year or 2 years. If you think you might need access to it during this period, you might want to consider our Business Instant Access Deposit Account.
Yes - You can use internet banking to see your account details but you can’t make any transactions online from this type of account.
We offer a variety of Money Market accounts of different terms. Please contact us on 0345 80 80 500, or get in touch with your Relationship Manager for more information.
You can find the rates for any account that is not listed on the current rates page set out in Rates for Closed Business Products.
Check balances, make payments, see transactions and open new accounts any time - all with Business Online Banking.
Control your money on the move. Check balances, move money, make payments and more with our handy mobile app.
A friendly face and a quick answer - and all the usual payment services too. We're open 362 days a year.
Talk to a real person in our our UK contact centre. We’ve temporarily changed our opening hours – click the button below to check when we're available.
Earn 0.20% AER variable interest on client funds and withdraw your cash whenever you like.
Get instant access to your cash 24/7 and earn 0.25% AER variable interest on your savings.
Small business insurance you can rely on. Help keep your business protected with Churchill Expert.
Get help when you need it most, with a fixed rate for arranged overdrafts of less than £25,000 and no hidden fees.