How do I open and manage my account?
It's easy to apply by post, you can pay money into your account by cheque or electronic bank transfer (details are on the application form). Managing your account is easy too. Simply call or write to us and we'll help with any questions or instructions.
How much can my company deposit?
To open a Small Business Account, your company will need to deposit between a minimum of £25,000 and maximum of £1 million.
Can Close Brothers Savings change the interest rate?
Yes. However, you will receive written notice at least one month in advance of any interest rate reduction.
Can I withdraw money?
You can give a notice instruction at any time, and funds will be paid into your nominated bank account after 95 days. The minimum amount you can place on notice is £5,000.
How is the interest paid?
Interest is calculated daily and paid twice yearly on 1 January and 1 July.
What kind of organisations can apply for a SME Notice Account?
This account is for UK incorporated companies, registered under the UK Companies Act, with less than 250 employees during the current financial year. One of the following criteria must also be met: - a total balance sheet not exceeding £35 million - an annual net turnover not exceeding £40 million