Business Easy Access
This account is suitable for incorporated businesses and limited liability partnerships that need easy access to their funds.
– Easy access
– Save between £100 – £500,000
– Annual interest paid on 30 June
Click the Apply now button to open this account using our Online Service.
Product Terms & Conditions – Summary Box
Interest is calculated daily and may be visible on your account from the 24th of the month. This won’t be available to you until the due date of the last working day of the applicable month.
No interest is paid on balances that fall below the minimum of £100.
*Interest is paid without tax deducted. Some savers will be required to pay tax on savings interest; this should be arranged directly with HMRC through your tax return.
**AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added once each year.
The interest rate is variable which means we can increase or decrease the rate at any time.
For more details about why we may change the rate, and how and when we will let you know about a change, please refer to the Interest section of the General Savings Account Terms and Conditions.
This projection is for illustrative purposes only.
If £1,000 was deposited on 1 July, the account balance would be £1,016.00 on 30 June the following year. This assumes no further deposits or withdrawals are made, no changes are made to the interest rate and interest earned is added to the account.
You can open and manage this account online or in branch.
You must fund the account within ten days of opening. You can fund the account multiple times during this period.
Signatories must be permanent UK residents and aged 18 or over.
You can pay into your account by electronic payment, or by cash or cheque.
The minimum balance is £100 and the maximum balance is £500,000 per business.
Customers may hold more than one Business Easy Access account, but the maximum holding in all accounts with the Society is £500,000 per business.
Withdrawals are permitted without notice and can be made online, in branch or by post.
This product may be withdrawn from sale at any time without notice.
We reserve the right to prohibit any further deposits into this product, close your account and return the funds to you.
This is a deposit account, not a share account. Deposit account customers do not become members of the Society, and therefore have no voting rights or entitlement to windfall benefits in the event of a merger or takeover.
For full terms and conditions for savings accounts, please see separate leaflet.
We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a building society is unable to meet its financial obligations.