Important update
    Changes to the Bank of England Base Rate

    The Bank of England decreased Base Rate from 4.50% to 4.25% on Thursday 8th May 2025. Following this announcement, we will be reviewing how this impacts our current savings interest rates and this may mean we need to change your variable interest rate if this is applicable to your product. If we do, we will be in touch to let you know and provide you with your options.

    SME Notice Account

    Offering Small to Medium sized Enterprises a competitive rate with a notice period of 95 days to access your funds, and the freedom to top up at any time.

    At a glance

    Interest rate
    Interest will be payable for balances between £25,000 to £1 million. Interest is not paid on balances below £25,000. 

    Variable rate 
    The interest rate on this account is variable, this means we may increase or decrease the rate of interest at any time.

    Notice of changes 
    For interest rate reductions, we will always give you at least 1 month’s notice in advance of any changes being made.

    Interest payments
    Interest starts to accrue when your cleared funds are received. Interest is compounded and paid into your account twice-yearly on 1 January and 1 July. 

    Adding funds

    The minimum opening deposit is £25,000 and the maximum is £1 million. You may place additional funds, ensuring they do not exceed the maximum balance. 

    Withdrawals

    You can withdraw from, or close the account at any time, providing the correct notice has been provided to us. The minimum amount you can place on notice to withdraw from the account is £5,000. Once placed, notice cannot be cancelled or amended. All repayments will be credited to your nominated bank account at the end of the notice period. If all of your funds are repaid, we will close your account, or you may maintain a minimum balance of £25,000 to keep your account open.

    Account holders

    Once we have accepted your application, you will not be able to transfer into another account holder’s name unless we receive supporting documentation.

    If you're looking to deposit over £1 million, get in touch with us so we can discuss your options.

    Contact us

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    Additional information

    Gross PA:

    Gross PA means Gross Per Annum, i.e. before tax is deducted (at the legal rate).

    AER:

    AER stands for Annual Equivalent Rate and illustrates the interest rate you would earn from a savings account over the course of a year, and it takes any compounding of interest into account.

    At a glance

    Interest rate
    Interest will be payable for balances between £25,000 to £1 million. Interest is not paid on balances below £25,000. 

    Variable rate 
    The interest rate on this account is variable, this means we may increase or decrease the rate of interest at any time.

    Notice of changes 
    For interest rate reductions, we will always give you at least 1 month’s notice in advance of any changes being made.

    Interest payments
    Interest starts to accrue when your cleared funds are received. Interest is compounded and paid into your account twice-yearly on 1 January and 1 July. 

    Adding funds

    The minimum opening deposit is £25,000 and the maximum is £1 million. You may place additional funds, ensuring they do not exceed the maximum balance. 

    Withdrawals

    You can withdraw from, or close the account at any time, providing the correct notice has been provided to us. The minimum amount you can place on notice to withdraw from the account is £5,000. Once placed, notice cannot be cancelled or amended. All repayments will be credited to your nominated bank account at the end of the notice period. If all of your funds are repaid, we will close your account, or you may maintain a minimum balance of £25,000 to keep your account open.

    Account holders

    Once we have accepted your application, you will not be able to transfer into another account holder’s name unless we receive supporting documentation.