Notice accounts

Grow your savings with terms to suit your business needs. Provide us with notice to withdraw your funds.

Ready to apply?

In order for us to point you in the right direction we need to ask you a few questions

We're sorry

We’ve taken the difficult decision to temporarily stop accepting new savings account applications to ensure colleagues can continue to provide vital support to existing customers at this unprecedented time.

This is undoubtedly going to cause a level of inconvenience, but please be reassured that we’ll reinstate the ability to accept new account applications at the earliest opportunity. Thank you for your understanding at this time.

32-day Notice Account

  • No fixed terms, just provide us with 32 days’ notice to withdraw your funds
  • Deposits starting from £10,000
  • The interest rate you receive on the account will move in line with the Bank of England (BoE) Bank Rate
  • Withdraw funds in line with notice period
Log in and apply

95-day Notice Account

  • No fixed terms, just provide us with 95 days’ notice to withdraw your funds
  • Deposits starting from £10,000
  • Get an interest rate aligned with the Bank of England (BoE) Bank Rate
  • You should have a projected annual turnover of £3million or above to be eligible for this product
Log in and apply

Eligibility

To apply for our savings products, you should:

  • Be a sole trader, or a partner or director of the business
  • Be over the age of 18
  • Require the account for business use
  • Have a turnover above £3 million for 95-day Notice Account

What you’ll need to open an account

To apply for our savings products, you'll need:

  • Your business contact details
  • To choose the savings account for your needs
  • The amount you want to deposit
  • To choose the term of the account
  • These interest rates apply to Sterling deposits only with a minimum balance of £10,000 and maximum balance of £5m.

    Interest rates stated below are available as at 07/05/2021 and expire on 24/06/2021 but may be subject to change. Should you need to discuss rates for alternative dates or terms, please call us on 0345 604 5539.

    For deposits over £5m or for more information about interest rates in other major currencies, please call us on 0345 604 5539.

    We are available 8am to 5pm Monday to Friday.

     

    Account

    Term Length

    Indicative Interest rate AERAERThe AER stands for Annual Equivalent Rate and is the notional rate which illustrates the gross rate as if paid and compounded on an annual basis. As every advert for a savings product will contain an AER you will be able to compare more easily what return you can expect from your savings over time.. / GrossGrossGross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HM Revenue and Customs.

    Interest payment

    Account

    32-day Notice Account

    Term Length

    No set term

    32 days’ notice required to make withdrawal or close the account

    Indicative Interest rate AERAERThe AER stands for Annual Equivalent Rate and is the notional rate which illustrates the gross rate as if paid and compounded on an annual basis. As every advert for a savings product will contain an AER you will be able to compare more easily what return you can expect from your savings over time.. / GrossGrossGross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HM Revenue and Customs.

    0.03%

    Bank of England Bank Rate 0.10% (variable) minus 0.07% (fixed)¹

    Interest payment

    Calculated and paid daily

    Account

    95-day Notice Account

    Term Length

    No set term

    95 days’ notice required to make withdrawal or close the account

    Indicative Interest rate AERAERThe AER stands for Annual Equivalent Rate and is the notional rate which illustrates the gross rate as if paid and compounded on an annual basis. As every advert for a savings product will contain an AER you will be able to compare more easily what return you can expect from your savings over time.. / GrossGrossGross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HM Revenue and Customs.

    0.05%

    Bank of England Bank Rate 0.10% (variable) minus 0.05% (fixed)¹

    Interest payment

    Calculated and paid daily

    ¹Product is linked to current Bank of England Bank Rate.

Savings Strategy Tool

Our tool can make your money work harder by matching your cash forecasts against our deposit products, helping you create a savings strategy bespoke to your needs.

Get your savings strategy
FSCS protected

Financial Services Compensation Scheme

Eligible deposits with Bank of Scotland plc are protected up to a total of £85,000. Due to FSCS eligibility criteria not all business customers will be covered.

More about FSCS

Ready to apply?

Log in to Business Internet Banking to apply for an Instant Access Account.

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Talk to our specialists

Please call 0345 604 5539

We are available 8am to 5pm Monday to Friday, except on UK bank holidays.