Depending on whether you’re a Business or Corporate Saver, you’ll find all the information you need like paying money into your Business Savings account or withdrawing funds by downloading one of the following guides.
Using your Business Saver account Using your Corporate Saver account
There are four ways you can pay into your Business or Corporate Savings account. You can choose whichever method best suits your needs.
You can ask your bank to send the amount you want to pay in by using our bank details. Your bank may charge you to do this.
You can do this from any sterling account in the UK by using our bank details. Check with your bank to find out which method they use and how long it’ll take.
You can ask us to transfer funds from another Nationwide Business or Corporate Savings account by writing to us, or by faxing or emailing your request. By using one of these methods, you’ll start earning interest immediately if the money’s paid in before 4pm. If you pay in after 4pm it will be paid the next working day (this excludes Bank Holidays).
Get in touch with us
You can make cheque payments to your Business Savings account. To do this simply make your cheque payable to your company name and write your account number on the back. You’ll then earn interest and be able to make withdrawals from the next working day after the working day we receive it.
Please post your cheque to:
Business Savings
Nationwide Building Society
Kings Park Road
Moulton Park
Northampton
NN3 6NW
For bank payments, you’ll need to make a payment by Direct Electronic Transfer, BACS or online banking transfer.
Bank details
|
Beneficiary name |
Nationwide Building Society |
Address |
Nationwide Building Society
Kings Park Road
Moulton Park
Northampton
NN3 6NW
|
Sort code |
40-02-50 |
Account number |
01343556 |
Your payment reference |
Your Business Savings account number, followed by your company name. |
Interest is calculated daily on the amount of cleared funds in your Business Savings account.
Unless you’re on one of our Fixed Rate accounts, you can choose the frequency of when your interest is paid (either monthly or annually) when completing the application form to open your Business Savings account(s).
Monthly interest is paid on the first working day of each calendar month and annual interest is paid on 31 March.
For Fixed Rate accounts, your interest will be paid upon maturity for a 1 Year saver. This depends on the period of your fixed term. For an 18 month saver, 3 year saver or 5 year saver, your interest will be paid on the anniversary date.
If your balance is below the advised minimum required balance, you won’t receive interest on your account.
What happens if my interest rate changes?
If you have a Business or Corporate Instant Access Account and the interest rate decreases, we’ll provide you with at least 14 days’ written notice before we make the change.
If you have a Business or Corporate Notice Account and the interest rate decreases, we’ll provide you with at least 14 days’ written notice before we make the change. You'll have up to 30 days from the date we notify you to close your account without any loss of interest.
If the interest rate change is favourable, we’ll make the change immediately. This will happen within 30 days of us making the change. We’ll provide and/or make available the information about the change.
If you have a Business or Corporate Fixed Rate Account, your interest rate will stay the same for the period of your fixed term.
Deposits
Nationwide aren’t a direct member of the Clearing House Automated Payment System (CHAPS), we use HSBC as our intermediary bank to route your funds into your business savings account. These details can also be viewed on Nationwide.co.uk.
Crypto/bitcoin
We don't accept Crypto or Bitcoin as a source of deposit.