You can choose from one of the following savings accounts:
Business Bonus Savings Account
- With a bonus rate of 3.91% gross pa/AER variable pa until 20 April 2009, reverting to 2.31% gross pa/AER variable pa after that.
- £1,000 minimum opening deposit (maximum deposit £10million).
- Additional deposits allowed at any time.
- You can withdraw money whenever you want, with transactions taking just three working days.
- Read more about our Business Bonus Savings Account.
Premium 10 Day Notice Account
- Very competitive rates of interest
- Access to your money in the shorter term
- Agree to give us just 10 days' notice when you want to withdraw funds
- Earn higher interest rates, from 2.64% - 3.04%
gross pa/AER variable, in return for controlling your business savings online.
- Read more about notice accounts for your business.
Premium Direct Access Savings Account
- Access your business savings quickly and easily
- You can withdraw money whenever you want, with transactions taking just three working days
- Earn higher interest rates, from 2.31% - 2.71%
gross pa/AER variable, in return for controlling your business savings online
- Read more about direct access accounts for your business.
The Facts
- Rates correct as at 6 January 2009 subject to variation.
- New Business Bonus Accounts are only available to customers who have not previously held one. Customers may only have one Business Bonus Account.
- Accounts available to UK residents only over the age of 16.
- Gross means the rate of interest paid without the deduction of tax, if applicable.
- AER means Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded each year.
- For 10 Day Notice accounts for business savers, we will charge a penalty equal to 10 days' gross interest on the amount withdrawn if you do not give us 10 clear days' notice of withdrawal.
- An Excess Telephone Charge of £50 will be charged if you make more than three withdrawals by telephone in any year on a Premium Account.
- Withdrawals sent by electronic transfer via your external account will normally take 3 working days. In exceptional cases we may permit same day withdrawals but we will charge a fee for this, currently £28.
- Account holders must be resident (and in the case of a limited company, incorporated) in the UK at the time of opening the account.
- For all accounts, you can choose whether interest is to be paid monthly or yearly.
- Standard Life Bank savings accounts are covered by the Financial Services Compensation Scheme
