Key features
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Fixed return on your money if you don't need access for 6 months.
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Fixed rate of interest for the term of the bond.
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No withdrawals or additional deposit permitted during the fixed term.
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£10,000 minimum deposit with a maximum balance of £10 million.
| Annual Interest/Interest on maturity |
||
|---|---|---|
Gross p.a
|
AER
|
|
| £10,000+ | 1.60% |
1.60% |
Effective from 3 May 2013
To view the full terms and conditions, please click here
Bigger business?
If your organisation is larger than 250 employees or with turnover or assets over £45 million, we offer a range of instant access, notice and fixed term accounts which may suit your needs. We have a dedicated team that can provide you with all the information and support you will need. Please click here to find your local Commercial Deposits Manager
As well as privately owned companies incorporated in the Isle of Man, United Kingdom or Channel Islands, the account is available to:
- Isle of Man, United Kingdom or Channel Island approved pension schemes, including Self Invested Personal Pension Schemes and Small Self Administrated Schemes;
- Personal and Corporate Trustees of express trusts created in the Isle of Man, United Kingdom or Channel Islands, (Corporate Trustees should be incorporated in the Isle of Man, United Kingdom or Channel Islands);
- Privately owned incorporated companies;
- Registered Isle of Man, United Kingdom or Channel Island charities;
- Unincorporated bodies or associations based in the Isle of Man, United Kingdom or Channel Islands with three or fewer directors;
- Isle of Man and Channel Islands registered Foundations or;
- Isle of Man, United Kingdom and Channel Islands registered Sole Traders and Partnerships.
How to apply
Click here to download application forms and ID checklist
Simply return the completed form and identification documents to the Freepost address.
Once you have received your account details you then need to contact your bank to arrange your deposit by electronic transfer or BACS.
If you need any assistance or further information, call the Business Savings team on 0800 66 55 11
Important
Please note these are business deposit accounts and not business current accounts. The accounts are to be used for the purpose of business savings and not for the day to day transactions of running a business. For further information see our FAQs
Download information
Download full terms and conditions
Depositors Compensation Scheme
Nationwide International Limited is a deposit taker licensed by the Isle of Man Financial Supervision Commission under the Financial Services Act 2008. The company is a participant in the Isle of Man Depositors Compensation Scheme Regulations 2010. Deposits with Nationwide International are not covered by the UK Financial Service Compensation Scheme (FSCS) established in the UK under the Financial Services and Markets Act 2000. The scheme is administrated by the scheme manager and further details can be found on the FSC's website.
Business savings accounts are provided by Nationwide International Ltd who are a wholly owned subsidiary of Nationwide Building Society and a part of the Nationwide Group.AER |
AER Stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. |
Gross |
The gross rate of interest is the interest rate payable before any income tax is deducted (if you do pay tax). |
