Business 30 – 30 Day Notice Deposit

We may change interest rates at any time if we reasonably believe that the change is needed, for any of the reasons outlined in the Savings Account Terms and Conditions booklet, Condition 7.

Based on an initial deposit of £1,000.00, after a 12 month period the estimated balance would be £1,020.00

These figures are provided for illustrative purposes only and assume that no further deposits or withdrawals are made and there is no change in interest rate. They do not take into account individual circumstances.

Available to UK registered Private Limited Companies, Sole Traders, Partnerships, and Unincorporated Associations (excluding Clubs, Societies and Trusts).

This account can be opened by post or at any of our branches and agencies. Simply complete the application form and take it with your opening deposit* and ID documents, or post them to us at the address in this brochure.

At least one director must be a signatory, with a maximum of four signatories to the account. For partnerships, all partners must be signatories to the account. You will be given a passbook to help you keep a record of your transactions.

*The minimum deposit required to open and maintain this account is £1,000 and the maximum balance is £500,000. The opening deposit must be by a cheque drawn on the company’s nominated bank account and payable to your company name, or by electronic funds transfer from the company’s nominated bank account. It must be credited to the account within 5 business days of the account being opened, or the application process will need to be restarted. Cash deposits are not allowed to be paid into the account.

You can manage your account at any of our branches or agencies, by phone, or by post. You can also manage your account online: on our app or by using H&R Online on our website (after registering for the service).

Yes, but with this account you must give us 30 days’ notice. Instant withdrawals (without giving the required notice) are not allowed.

You can give us the required 30 days’ notice in writing, by phone, by visiting a branch or agency, or on our app or by using H&R Online on our website (after registering for the service). Withdrawals will be processed and credited to your bank account on the first business day the funds are available.

Withdrawals can only be made by Faster Payment transfer and will only be sent to the company’s nominated bank account from which the funds to open the account were drawn.

All withdrawals are subject to our daily limits, as outlined in our Savings Account Terms and Conditions booklet.

Note that you cannot give notice to withdraw an amount greater than the balance of your account at the time of giving notice (taking into account any other notice period already being processed).