Business Notice Accounts
| Provider | Rate | Min/Max Deposit | Opening Account | Accessing Account | Interest Options | Eligibility | SG Verdict |
|---|---|---|---|---|---|---|---|
|
0.90% (60 Days) | £250 / No Maximum | Branch | Branch |
| - Ltd Company - LLP - Not for profit - Partnership - Plc - Sole Trader - Charities - Client Monies - Clubs - Executors |
Al Rayan Bank is a Sharia Bank and operates under Islamic Finance principles The rate offered represents an expected profit rate, rather than a fixed interest rate. The Bank has always delivered it’s expected profit. |
|
1.10% (95 Days) | £1,000 / £250,000 | Branch | Branch |
| - Ltd Company only - Must be UK based |
Allica are based in Milton Keynes and were awarded their banking licence in 2019 and launched in April 2020. |
|
0.80% £25,000+ 0.65% £1,000+ (100 Day Notice) |
£1,000 / £500,000 | Branch | Branch |
|
- Sole trader - Partnership - Ltd Company - Must be UK registered company - Directors/shareholders must be UK resident |
Charity Bank is an ethical bank owned by charitable foundations, trusts and social purpose organisations based in Tonbridge |
|
0.90% (95 Days) | £25,000 / £1m | Branch | Branch |
| - Limited Company - Limited Liability Partnership - Public Limited Company - Accountants - Associations - Charities - Churches - Clubs - Co-operatives - Schools/Colleges - Trust Fund |
Close has been trading since 1878, is listed on the FTSE 250 and looks after £5.5bn of savings This account is open to UK incorporated companies with less than 250 employees whose net turnover is under £40m or balance sheet is under £35m
|
|
1.00% (100 Days) | £10,000 / £1m | Branch | Branch |
| - Limited Companies - LLPs - Sole Traders - Partnerships |
Hodge bank is based in South Wales and was authorised in 1987 and looks after just under £1bn of deposits. |
|
0.50% (100 days) | £100 / £500,000 | Branch | Branch |
| - Limited Company - LLPs - Not for profit organisations - Partnership - Sole Trader - Charities (registered) - Churches - Clubs - Schools/Colleges - Social Enterprises - Must be UK registered business |
The Melton is based in Melton Mowbray, with additional branches in Grantham and Oakham, and looks after £380m of savings. ** The rate on this account is currently 1.10% but reduces to 0.50% on 1st August 2020 ** |
|
0.75% (90 Days) | £5,000 / £5m | Branch | Branch |
| - Limited Company - Accountants - Estate Agents - Schools/Colleges - Solicitors - Must be UK registered business - Maximum of 4 signatories
|
Monmouthshire Building Society is based in Newport and was founded in 1869. It looks after £818m of savers deposits |
|
0.60% (95 Days) | £10,000 / £1,000,000 | Branch | Branch |
| - Sole trader - Ltd company - Partnership - LLP - Club, society, association - Charity - Must be UK registered business - Shareholders must be UK residents |
Redwood Bank launched in August 2017, as a specialist business bank, and have been consistently competitive on business notice accounts since |
|
0.60% (100 Days) 0.55% (45 Days) |
£1,000 / £1,000,000 | Branch | Branch |
|
- Limited Company - Limited Liability Partnership - Partnership - Sole Trader
- Must be UK registered business |
Essex based Shawbrook launched in 2011 and re-launched its business account proposition in November 2019. It has been a stalwart in our business best buy tables since then. |