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Business Notice Accounts

Provider Rate Min/Max Deposit Opening Account Accessing Account Interest Options Eligibility SG Verdict
Al Rayan Bank
1.00% (60 Days) £250 / No Maximum

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  • Anniversary
  • Paid Annually
  • Paid Quarterly
  • Paid Away

-       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.

Buckinghamshire Building Society
0.55% (120 Days) £100 / £500,000

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  • Paid Away or Compounded
  • Paid Annually
  • Paid 31st December

- Limited Company

- Limited Liability Partnership

- Not for profit organization

- Partnership

- Public Limited Company

- Sole Trader

- Accountants

- Associations

- AVC Trustees

- Charities

- Churches

- Clubs

- Co-operatives

- Embassies

- Estate Agents

- Executors

- Financial Intermediaries

- Friendly Societies

- Pension Fund Managers

- Schools/Colleges

- Scottish Solicitors

- Social Enterprises

- Solicitors

- Trade Union 

Buckinghamshire is one of the smallest building societies in the UK, looking after £234m of deposits.  They have been competitive on business accounts throughout 2020.

Charity Bank
0.80% £25,000 / £500,000

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  • Paid Quarterly

-       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

Close Brothers Savings
0.50% (95 Days) £25,000 / £1m

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  • Paid half yearly
  • Paid 1st January
  • Paid 1st July

-       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

Hampshire Trust Bank
0.70% (95 Days)
0.50% (45 Days)
£5,000 / £750,000

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  • Anniversary
  • Paid Away or Compounded
  • Paid Annually

-       Ltd Company 

-       Plc

-       Partnerships 

-       LLP

-       Registered Charities

-       Trusts

-       Clubs

-       Associations

-       Societies

-       Must be UK registered business

London based Hampshire Trust Bank launched in 1977 but was acquired by a new management team in 2014.  It has consistently appeared in the business account best buy tables since launch.

Hodge Bank
1.00% (100 Days) £10,000 / £1m

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  • Paid Monthly
  • Paid Away

-       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.

Melton Building Society
1.10% (100 days) £100 / £500,000

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  • Paid Away or Compounded
  • Paid Annually
  • Annual interest paid 31st March

-       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 reducing to 0.50% on 1st August 2020 **

Monmouthshire Building Society
0.75% (90 Days) £5,000 / £5m

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  • Paid Annually
  • Annual interest paid 31st March
  • Added to the account

-       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

Redwood Bank
1.20% (35 Days) £10,000 / £1,000,000

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  • Paid Monthly
  • Paid Annually
  • Monthly interest paid on the last working day of the month Annual interest paid on 5th April

-       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

Shawbrook Bank
1.10% (100 Days)
1.05% (45 Days)
£1,000 / £1,000,000

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  • Paid Annually

-       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.

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