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 0.40% and 1.50% 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 month to 2 years – with interest rates going up the longer it’s in
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.
|Interest rates||Minimum balance||Interest payment frequency|
|0.40% - 1.50% 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 month||0.40%||Monthly or on maturity|
|3 months||0.55%||Monthly or on maturity|
|6 months||0.85%||Monthly or on maturity|
|1 year||1.25%||Monthly or annually|
|2 years||1.50%||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.
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.
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 month, 3 months, 6 months, 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.
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.
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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.
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