Business 50D Notice (Monthly) - 1348

3.80% (AER*) on balances £1,000+ (3.74% Gross)

Interest is calculated daily and is paid monthly.

(*AER stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year)

The interest rate on this account is variable and the Society may make changes to this rate at any time. We will notify you of any changes in accordance with the Terms & Conditions.

If you were to open this account with £1,000.00 and made no further deposits or withdrawals, you would earn £3.11 interest in the first month. On this basis, your balance would be £1,038.04 at the end of a 12 month period. This is because your monthly interest will compound over the year. Please note the illustration provided is based upon a 12 month investment and is subject to interest being credited to your savings.

Please note this is an illustration only and does not reflect your specific circumstances.

This account is available to new and existing corporate bodies registered in the UK.

You may open this account via a digital application, at any of our branches or via post. If you would like to open this account via post, please download and complete the application form and return it to us. The application form can be found here

Any queries regarding your account can be dealt with via branch, email or telephone. Instructions on your account are required in person, at branch or in writing.

£1,000.

£1,000,000.

£1,000,000.

You can withdraw your money at any time, but must give 50 days’ notice to avoid an interest penalty. If you do not give 50 days’ notice for withdrawals, there will be an interest penalty of 50 days’ on the amount withdrawn. If you have insufficient accrued interest to cover the penalty due, the remaining amount will be deducted from your account balance on closing your account or when interest is next due to be added to it.

You may make a withdrawal in person at a branch or in writing.

Additional investments are permitted.

If you give notice to withdraw money from your account, you will have 7 days to withdraw the requested amount once your notice expires. If you do not make a withdrawal within 7 days, you will be required to give 50 days’ notice again or pay the 50 day interest penalty for instant access to your funds.

A corporate body is able to enter in its’ own right into legal agreements and can often be identified by ‘Ltd’, ‘Plc’ or ‘Incorporated’ being included in the company title. If the company is a corporate body, it will have registered by a legal process, for example with Companies House. Account holders do not have membership or voting rights.