BUSINESS SAVINGS ACCOUNT
This account provides opportunities for your money to earn interest.
- £100 minimum deposit required to open
- Interest compounded daily on average daily collected balance and paid quarterly
- Maintain an average daily collected balance of £300 to offset the £4 monthly service fee
- 6 withdrawals/transfers are allowed per month; £5 for each withdrawal/transfer over 65
BUSINESS CERTIFICATE OF DEPOSIT ACCOUNT
Business CDs are available with terms ranging from 1 month to 5 years.
- £1,000 minimum deposit required to open
- Interest compounded daily and paid by credit to another account or capitalized to the CD (account holder’s choice)
- Penalties apply for early withdrawal
BUSINESS MONEY MARKET ACCOUNT
This account is designed for businesses who want to earn more on their money.
- £2,500 minimum deposit required to open
- Interest compounded daily on collected balance and paid monthly
- Maintain an average daily collected balance of £2,500 to offset the £12 monthly service fee
- 6 withdrawals/transfers are allowed per month; £5 for each withdrawal/transfer over 65
DISCLAIMER
5 For all Money Market and Savings accounts there is a regulatory limit of 6 transfers and/or withdrawals per month to another account at our bank or to a third party by means of preauthorized or automatic transfer, online banking or telephone agreement order or instruction, or by check, draft, credit card, or similar order to third parties. No regulatory limits apply to in-person transfers or withdrawals. However, excess activity fees will apply.
