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. |
|
0.90% (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
|
|
0.60% (120 Day) | £500 / No Maximum | Branch | Branch |
| - Limited Company - Limited Liability Partnership - Not for profits - Partnership - Sole Trader - Charities - Client Monies - Clubs |
Clydesdale are now part of Virgin Money and this account is likely to appeal only to businesses close to one of Clydesdale’s branches, or its sister brand, Yorkshire Bank, who have the same offer. |
|
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. |
|
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. |
|
1.00% (100 Days) 0.70% (40 Days) | £5,000 - £1,000,000 | Branch | Branch |
| - Sole Trader - Ltd Company - LLP - Partnership - SIPPs / SASSs - Trusts - Clubs & Societies |
United Trust Bank was founded in 1955 and is a specialist lender with a single branch in Moorgate, London. They look after £1.22bn of savings |