Business Instant Access Savings Account

1.50% AER

Available only for Small and Medium Sized Enterprises (SMEs) incorporated in the European Economic Area (EEA). As per the European Commission, Enterprises qualify as SMEs, if they have less than 250 employees and a turnover ≤ €50 million or a Balance sheet total of ≤ €43 million.
All new SMEs are required to provide satisfactory account opening documents. Click here to download the form.
Annual fee will be waived subject to minimum monthly average balance requirement of £10,000 for GBP accounts and $100,000 for USD accounts.
Interest rate of 1.50% AER/ 1.49% Gross variable will be paid on a monthly basis on all GBP accounts & 1.00% AER/ Gross variable will be paid on a monthly basis on all USD accounts.
For all GBP accounts, interest will not be paid on balances below £10,000 or above the maximum balance of £5million. For all USD accounts, interest will not be paid on balances below $100,000 or above the maximum balance of USD equivalent to £5million.
Account can be managed in the branch, by post or by using the online banking facility provided with the account.
Maximum limit for transferring funds via online banking will be £50,000 or equivalent per day. This can be changed at the bank’s discretion.
Please refer to our General Terms & Conditions and Tariff of Charges.