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Use the comparison table below to help you to compare the different term and notice products that we can provide for your business.
Fixed Rate Term Deposit
No withdrawals until maturity date
Bespoke fixed term.
Any term from overnight to 3 years.
32 Day GBP Notice Account
Withdraw £10,000 or more at 32 days notice, provided the remaining balance is over £10,000.
No set term.
32 days notice required to close the account.
Interest rate is subject to variation in line with the Bank of England Bank Rate.
Please note: The Interest rates stated above are available as at 17/03/2017 and expire on 11/05/2017 but may be subject to change. Should you need to discuss rates for alternative dates or terms, please call us on 0345 604 5539.
* The AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advertisement for a savings product, which quotes an interest rate, will contain an AER you will be able to compare more easily what return you can expect from your savings over time.
** Gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.
1 We only offer standard terms online for Fixed Rate Term Deposit accounts. If you would like to apply for bespoke term lengths or you need to select specific start and end dates for your deposit, call us on 0345 606 0286.
2 Product is linked to the current Bank of England Bank Rate. Should a withdrawal be made, the rate will reduce to Bank of England Bank Rate on the amount withdrawn for the duration of the notice period.
These interest rates apply to deposits with a minimum balance of £10,000 and a maximum balance of £5m, and apply to deposits in sterling only. For deposits over £5m or for more information about interest rates in other major currencies, please call us on 0345 604 5539.
Our Terms and Conditions section contains full details of our terms and conditions, charges and associated information.
You can apply online for all our deposit accounts if your turnover is below £25 million, using our online application form. If your turnover is above £25 million, please click here or call us on 0345 604 5539.
You can apply in Business Internet Banking for a deposit and we will process your application. Simply log on and select ‘Business savings account’ from the left hand menu from your account overview page, then ‘Term and Notice Deposits’.
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You can apply here for a deposit. Once we receive your application, we may need to contact you for more information if you have not previously placed a deposit.
Call to speak to one of our specially trained advisers. We’re open from 8am to 5pm Monday to Friday. We’re closed on all UK public holidays.
0345 604 5539
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Bank of Scotland plc Registered Office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland no. SC327000.
Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under Registration Number 169628.
We subscribe to The Lending Code; copies of the Code can be obtained from www.lendingstandardsboard.org.uk
Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.
The Lloyds Banking Group includes companies using brands including Lloyds Bank, Halifax and Bank of Scotland and their associated companies. More information on the Lloyds Banking Group can be found at lloydsbankinggroup.com.
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0345 606 0286
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