Step 1: Complete your application form
Review the account details below, then download, print and complete the Business Savings Application Form.
For guidance on the information and documents you may need, view our Business Application Checklist.
How to open this account
Product Details
Account name
Business One Year Fixed Rate Bond Issue 9 - 1350
What is the interest rate? AER*
4.00% annual interest rate* on balances £100+.
Interest is paid on account maturity at the end of the 1 year term.
(*AER stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year)
Can Dudley Building Society change the interest rate?
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The interest rate on this account is fixed for the 1 year term. The Society does not have the right to change this interest rate during the 1 year term.
What would the estimated balance be?
If you were to open this account with £1,000 and no further deposits or withdrawals were made you would earn £40.00 interest. This would result in a total balance of £1,040.00.
Please note this is an illustration only and does not reflect your specific circumstances.
How do I open and manage my account?
Who is eligible?
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This account is available to new and existing corporate bodies registered in the UK.
How do I open my savings account?
You may open this account at any of our branches, by post or with support from one of our specialists over the phone. Download and complete the application form and return it to us by post or email.
If you need help getting started, request a callback and one of our specialists can help complete the application form with you over the phone and send it to you for signature.
How do I operate my account?
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.
What is my minimum opening and operating balance?
£1,000
What is my maximum operating balance?
£1,000,000
What is my maximum investment?
£1,000,000
Can I withdraw money?
No withdrawal or account closure is permitted during the 1 year term following account opening.
Additional Information
At the end of the 1 year term, you can invest in another account with the Society or withdraw your money. Prior to your account maturing, we will provide you with details of other accounts available. If you do not tell us what you would like to do with the funds, your funds will be transferred into the default maturity account that is available at the time of maturity, but you may not receive the same interest rate.
No further deposits may be made during the term once the initial investment has been made.
A corporate body is able to enter into legal agreements in its own right 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 through a legal process, for example with Companies House. Account holders do not have membership or voting rights.
Key documents
Business Application Form
Business Application Form
Please confirm that you have read the below documents by ticking the box to the left. You can print these documents if you would like to retain a paper copy for your records.
Once you have filled out your application form, print it out and send it to Dudley Building Society, 7 Harbour Buildings, The Waterfront, Brierley Hill. DY5 1LN.
If you wish to open your account by cheque please ensure you enclose your deposit.
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