Please read through all of the summary box information set out below for each savings account you wish to open and ensure that you print/save a copy for future reference.

Then click continue at the bottom of the page to start our online application form.

Please note: this is not applicable to corporate savings accounts.


Summary boxes
Account name Business Instant Saver Business 95-Day Saver Business Saver Fixed Rate Accounts
What is the interest rate? You can choose to have interest paid monthly or annually.

Annual Interest gross p.a./AER (variable) 0.40%
Monthly Interest gross p.a./AER (variable) 0.35%

Interest is calculated daily, and paid either annually on 31 March or monthly on the first working day of each calendar month.

Interest can be paid into the account, into your Nominated Account, or any other Business Saver Account or Corporate Saver Account that you have with us. Please see sections 57, 58 and 60 of the Business Saving Accounts Terms and Conditions. Please see Additional Information below for further information on Nominated Accounts. We also pay interest when you close your account and we add this to the capital value of the account.
You can choose to have interest paid monthly or annually.

Annual Interest gross p.a./AER (variable) 0.55%
Monthly Interest gross p.a./AER (variable) 0.50%

Interest is calculated daily, and paid either annually on 31 March or monthly on the first working day of each calendar month.

Interest can be paid into the account, into your Nominated Account, or any other Business Saver Account or Corporate Saver Account that you have with us. Please see sections 57, 58 and 60 of the Business Saving Accounts Terms and Conditions. Please see Additional Information below for further information on Nominated Accounts. We also pay interest when you close your account and we add this to the capital value of the account.
Annual Interest AER/gross p.a. (fixed)

6 Month Fixed Rate Saver 0.55%
1 Year Fixed Rate Saver 0.75%

Interest is calculated daily and will be added to the balance and paid upon maturity of the account.
Can Nationwide change the interest rate? Yes, the interest rate is variable. We can increase or decrease the interest rate for any of the reasons set out in the Business Saver Account Terms and Conditions.

Please see section 94 of the Business Saving Accounts Terms and Conditions for details about why we may change the interest rates and how we will tell you about any rate changes.
Yes, the interest rate is variable. We can increase or decrease the interest rate for any of the reasons set out in the Business Saver Account Terms and Conditions.

Please see section 94 of the Business Saving Accounts Terms and Conditions for details about why we may change the interest rates and how we will tell you about any rate changes.
No, the interest rate on this account is fixed for the term and cannot be changed.
What would the estimated balance be after 12 months based on a £10,000 deposit? This shows the balance on an initial deposit of £10,000 over 12 months where interest is either paid annually or monthly into the account. This shows the balance on an initial deposit of £10,000 over 12 months where interest is either paid annually or monthly into the account. This shows the balance on an initial deposit of £10,000 for the fixed term of the product on either 6 months or 1 year as selected.
Interest rate gross p.a./AER (variable) Balance at end of 12 months with interest Interest rate gross p.a./AER (variable) Balance at end of 12 months with interest Term Interest rate gross p.a./AER (fixed) Balance at end of term with interest
Annual 0.40% £10,040.00 Annual 0.55% £10,055.00 6 Month Saver 0.55% £10,027.50
Monthly 0.35% £10,035.06 Monthly 0.50% £10,050.11 1 Year Saver 0.75% £10,075.00
This projection is provided for illustrative purposes only, it assumes that:
  • Interest is paid into the account.
  • No further deposits or withdrawals are made.
  • There is no change to the interest rate.
This projection is provided for illustrative purposes only, it assumes that:
  • Interest is paid into the account.
  • No further deposits or withdrawals are made.
  • There is no change to the interest rate.
This projection is provided for illustrative purposes only, it assumes that:
  • Interest is paid into the account, and
  • The account is not closed during the fixed term.
How do I open and manage my account? To open this account you must be a:
a) Privately or publicly owned limited company incorporated in the UK;
b) Charity registered in the UK;
c) Unincorporated body (e.g. Club, Parish Council) based in the UK;
d) UK sole trader/partnership; or an
e) Personal and corporate trustees of express trusts created in the UK.
AND
  • Employ up to 250 employees.
  • Have an annual turnover or assets of up to £45 million.
  • Are not listed under our ineligible companies found on our faqs.
NB. You will need to set up an existing UK based business account as your nominated account. This account must be in the name of your business and able to receive CHAPS payments.

You can open this account:
  • Online by visiting our business savings accounts page.
  • By requesting an application to be sent via post or email using the contact details via the above website.
  • You'll need at least £10,000 to open your account.
  • You'll need at least £1 to keep your account open.
  • You can make as many deposits as you want as long as your combined balance across all your Business Savings accounts does not exceed £10,000,000.
You can manage your account:
  • By Post, Fax or signed PDF instruction attached to an email.
To open this account you must be a:
a) Privately or publicly owned limited company incorporated in the UK;
b) Charity registered in the UK;
c) Unincorporated body (e.g. Club, Parish Council) based in the UK;
d) UK sole trader/partnership; or an
e) Personal and corporate trustees of express trusts created in the UK.
AND
  • Employ up to 250 employees.
  • Have an annual turnover or assets of up to £45 million.
  • Are not listed under our ineligible companies found on our faqs.
NB. You will need to set up an existing UK based business account as your nominated account. This account must be in the name of your business and able to receive CHAPS payments.

You can open this account:
  • Online by visiting our business savings accounts page.
  • By requesting an application to be sent via post or email using the contact details via the above website.
  • You'll need at least £10,000 to open your account.
  • You'll need at least £1 to keep your account open.
  • You can make as many deposits as you want as long as your combined balance across all your Business Savings accounts does not exceed £10,000,000.
You can manage your account:
  • By Post, Fax or signed PDF instruction attached to an email.
To open this account you must be a:
a) Privately or publicly owned limited company incorporated in the UK;
b) Charity registered in the UK;
c) Unincorporated body (e.g. Club, Parish Council) based in the UK;
d) UK sole trader/partnership; or an
e) Personal and corporate trustees of express trusts created in the UK.
AND
  • Employ up to 250 employees.
  • Have an annual turnover or assets of up to £45 million.
  • Are not listed under our ineligible companies found on our faqs.
NB. You need to have an existing business current account with a separate financial institution and your nominated account must be able to receive CHAPS payments.

You can open this account:
  • Online by visiting our business savings accounts page.
  • By requesting an application to be sent via post or email using the contact details via the above website.
  • You'll need at least £10,000 to open your account.
  • You can open several Business Saver Fixed Rate Accounts as long as your combined balance across all your Business Savings accounts does not exceed £10,000,000.
Please note: This is a lump sum account so you can’t add more money to the account once your initial deposit has been received and the term has started.

You can manage your account:
  • By post, fax or signed PDF instruction attached to an email.
Can I withdraw money? Yes, you can withdraw money from your account by post, fax or a signed PDF instruction attached to an email.

The minimum amount you can withdraw is £500.

If we receive your payment instruction by 3pm (working days only) you will receive your funds back into your nominated account that same working day.

Notice starts on the day we receive complete instructions from you, provided we get them before 4pm. If we receive a notice when our office is closed or after 4pm on a working day, then we’ll process it on the next working day. If your notice expires on a day when our office isn’t open for banking business, we’ll act on your withdrawal on the next working day.

Please note that if the account balance falls below £10,000, then you won't earn interest until the account returns to the minimum balance of £10,000.
Yes, you can withdraw money from your account by giving us at least 95 days’ notice via post, fax or a signed PDF instruction attached to an email.

The minimum amount you can withdraw is £500.

When we receive your payment instruction you will receive confirmation of the date your funds will be released into your nominated account.

Notice starts on the day we receive complete instructions from you, provided we get them before 4pm. If we receive a notice when our office is closed or after 4pm on a working day, then we’ll process it on the next working day. If your notice expires on a day when our office isn’t open for banking business, we’ll act on your withdrawal on the next working day.

Please note that if the account balance falls below £10,000, then you won’t earn interest until the account returns to the minimum balance of £10,000.
No, withdrawals and further deposits are not allowed for the duration of the term of the account.

What happens on maturity of the account?
You will receive an options form to provide instruction of what you wish to do upon maturity (withdraw to your nominated account or save in another Business Savings account).

If we don’t hear from you when your Business Fixed Rate Saver matures your account will be moved into a Maturity Reserve Account until we receive your instruction. We will contact you with more information before your account matures.
Additional information If there has been a transaction on your account you will receive a full statement on the first working day of the next calendar month.

Your Nominated Account
Your nominated account is where we'll send your money to when you make a withdrawal request. Your nominated account must be an existing UK based business account in the name of your business and be able to receive CHAPS payments. Please see sections 62 of the Business Saving Accounts Terms and Conditions for further details.

Interest rate definitions explained
  • AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
  • Gross p.a. is the interest rate without tax deducted.
The tax information provided is based on our understanding of current law and HM Revenue & Customs practice, both of which may change.

The interest rates and information in this summary box are correct as at 25 August 2017.
If there has been a transaction on your account you will receive a full statement on the first working day of the next calendar month.

Your Nominated Account
Your nominated account is where we'll send your money to when you make a withdrawal request. Your nominated account must be an existing UK based business account in the name of your business and be able to receive CHAPS payments. Please see sections 62 of the Business Saving Accounts Terms and Conditions for further details.

Interest rate definitions explained
  • AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
  • Gross p.a. is the interest rate without tax deducted.
The tax information provided is based on our understanding of current law and HM Revenue & Customs practice, both of which may change.

The interest rates and information in this summary box are correct as at 25 August 2017.
Interest rate definitions explained
  • AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
  • Gross p.a. is the interest rate without tax deducted.
The tax information provided is based on our understanding of current law and HM Revenue & Customs practice, both of which may change.

The interest rates and information in this summary box are correct as at 25 August 2017.
Download our Business Instant Saver summary box Download our Business 95-Day Saver summary box Download our Business Saver Fixed Rate accounts summary box
Business savings accounts Continue