Business Account

• 3.95% AER*/Gross** on balances £1,000+
• 0.00% AER/Gross on balances below £1,000
• The interest rate is variable and calculated on a daily basis on the balance in the account and paid once a year after 31 March or on closure, whichever is sooner.

• Yes, the interest rate is variable.
• We have the right to vary the interest rate, this is in line with our General Terms and Conditions for Savings Accounts.
• If we increase the interest rate, this is shown on our website, and information will be available in our branches and agencies.
• If we decrease the interest rate, we’ll let you know at least 14 days notice ahead of the change.

• £1,039.50
• We have worked this out assuming that £1,000 is paid into the account, the interest remains at 3.95% AER/Gross*, and no other money is paid into or taken out of the account over 12 months.

Who can open

• This account is open to corporate entities registered in the UK with a maximum of 4 signatories aged 18 or over.

How to open

• Online, in branch or agency.

Minimum

• The minimum amount required to open this account is £1,000.
• This must be kept in the account.

Maximum

• The maximum amount that you can invest across all accounts held within the Society is £5,000,000.
• The £5,000,000 does not contribute to any personal savings accounts that you hold with us.

How to manage

• Online (my accounts), in branch or in agency.
• Further deposits can be made by cheque or electronic transfer from a UK bank account.
• Cash deposits up to £5,000 per week, with the exception of coin, can be made in branch.

• You must give 35 days notice to withdraw from or close this account.
• Notice can be given via branch/agency, telephone, post, or using 'My Accounts'.
• Withdrawals or closure without 35 days' notice will be allowed, subject to 35 days' loss of interest on the amount you withdraw or total balance if you choose to close the account.
• If a withdrawal reduces the balance to less than the minimum of £1,000, you will not earn any interest during this period until you bring the balance up to the minimum.
• Withdrawals can only be made via electronic transfer to a nominated bank account. This can be done online or in branch.
• All withdrawal requests must be made by 3pm to be completed the same day.

• *AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if
• **The gross rate is the contractual rate of interest payable before the deduction of tax.
• Rates and information correct from the
  12 September 2025.