SME Notice Account

Offering small to medium-sized businesses a competitive rate with a notice period of 95 days to access your money, and the freedom to top up at any time.

At a glance

What is the minimum deposit? £25,000.

What is the maximum deposit? £1 million.      

Can Close Brothers Savings change the interest rate? Yes. This is a managed rate that can be changed at any time.

How do I open and manage my account? To open an account please complete our enquiry form. To manage your account, simply call or write to us.

Can I withdraw money? Yes. You may place notice to withdraw funds at any time in writing or over the telephone.

Can I put money in after my first deposit? Yes. You may place additional funds, ensuring they do not exceed the maximum balance.

Will I pay tax? Tax benefits depend on individual circumstances and could change in the future.

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Additional information

*AER:

AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year

Gross PA:

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

At a glance

What is the minimum deposit? £25,000.

What is the maximum deposit? £1 million.      

Can Close Brothers Savings change the interest rate? Yes. This is a managed rate that can be changed at any time.

How do I open and manage my account? To open an account please complete our enquiry form. To manage your account, simply call or write to us.

Can I withdraw money? Yes. You may place notice to withdraw funds at any time in writing or over the telephone.

Can I put money in after my first deposit? Yes. You may place additional funds, ensuring they do not exceed the maximum balance.

Will I pay tax? Tax benefits depend on individual circumstances and could change in the future.

Hard earned trust

Why choose Close Brothers Savings?

We're part of leading UK merchant banking group Close Brothers Group plc with over 140 years successful trading experience and have been providing dedicated personal savings accounts to UK residents and businesses since 2008.

Consistently competitive rates

Whatever your future plans, you can depend on our strength and security to take good care of your money. Our savings products are always competitive, with options to suit your needs.

Highly rated

One of the UK's highest rated banks with an Aa3 credit rating from Moody’s Investors Service (Correct as at 13 July 2021) and an A- rating from Fitch Ratings Ltd (Correct as at 16 May 2022).

Personalised service

Our network of Business Development Managers deliver the highest levels of specialist service across a range of industries.

FSCS logo

Financial Services Compensation Scheme (FSCS)

Your eligible deposits held by a UK establishment of Close Brothers Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered.

For further information, visit www.fscs.org.uk