Business
Savings accounts designed for clubs, societies, charities and pension fund managers.
Our full Business Accounts range
Treasurers’ Trust
Instant access savings account for clubs, societies and charities. The minimum opening balance is £50. Minimum age 18.
Rates effective from 01/03/2009
| Balance Min | Max | Free withdrawals per year | Notice period/loss of interest for additional withdrawals | AER% | AER% including bonus | Gross p.a.% | Net p.a.% |
|---|---|---|---|---|---|---|---|
| £1 | £2,000,000 | Unlimited | N/A | 0.01 | n/a | 0.01 | 0.01 |
Notes
Rates are variable.
PortfolioInvestor
Savings account for pension fund managers. Minimum age 18.
Rates effective from 01/03/2009
| Balance Min | Max | Free withdrawals per year | Notice period/loss of interest for additional withdrawals | AER% | AER% including bonus | Gross p.a.% | Net p.a.% |
|---|---|---|---|---|---|---|---|
| £1 | £5,000,000 | Unlimited | N/A | 0.01 | n/a | 0.01 | 0.01 |
Notes
Rates are variable.
Business Time Deposit Investments
Wholesale moneymarket investment with a fixed rate for a fixed term, interest paid gross on maturity. Minimum investment of £500,000, minimum investment period of 1 month up to 1 year. Rates are available on application.
Interest rate definitions:
| AER | AER Stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. |
|---|---|
| Gross | The gross rate of interest is the interest rate payable before any income tax is deducted (if you do pay tax). |
| Net | The net rate of interest is the interest payable after any income tax is deducted (if you do pay tax). |
The tax information provided is based on our current understanding of current law and HM Revenue & Customs practice which can change.