Savings Account
Company deposit
Key features
| Account Name | Company deposit |
|---|---|
| Interest rates (AERs) |
|
| Tax status | Gross/Net |
| Conditions for bonus payment | n/a |
| Withdrawal arrangements |
Easy access. Minimum withdrawal is £500 (except on closure), which must be made by cheque. |
| Access | Branch/Post |
Product Info Follows
Current Interest Rate
1.75% Gross / AER
This rate is for balances from £250,000. Other rates are available on our Current interest rates page.
Apply Now
Complete this form and return to your local branch. You should also read Identification for customers and General investment terms and conditions to ensure you understand the features and conditions of what you are buying.
Download the application form here
Additional information
Minimum opening balance
£500
Minimum operating balance
£500. If the balance falls below the minimum operating balance a nominal interest rate applies (see Current interest rates for more details).
Maximum balance
£1,000,000 (Larger amounts can be deposited through our Treasury department - please phone 01635 555707 for more details).
New investors
Yes
Holder requirements
Available to UK based limited companies and incorporated charities.
Restricted deposit
Unlimited (up to maximum balance).
Charges
Not for the normal operation of the account (see our General Investment terms and conditions PDF for more details).
Additional benefits
FREE postal transaction service (after each postal transaction, you will be sent a pre-paid envelope).
Similar products
This is the only account available for companies.
Important information
As this account is a deposit account (not a share account), when you open it neither you or the limited company will become members of Newbury Building Society.
In addition to sight of normal identification (see our Identification for customers PDF) for the signatories of the account (including one director), we will also need:
Gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law, currently 20%. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
WE HAVE NO CURRENT PLANS TO WITHDRAW THIS PRODUCT BUT IT MAY BE WITHDRAWN WITHOUT NOTICE
Minimum opening balance
£500
Minimum operating balance
£500. If the balance falls below the minimum operating balance a nominal interest rate applies (see Current interest rates for more details).
Maximum balance
£1,000,000 (Larger amounts can be deposited through our Treasury department - please phone 01635 555707 for more details).
New investors
Yes
Holder requirements
Available to UK based limited companies and incorporated charities.
Restricted deposit
Unlimited (up to maximum balance).
Charges
Not for the normal operation of the account (see our General Investment terms and conditions PDF for more details).
Additional benefits
FREE postal transaction service (after each postal transaction, you will be sent a pre-paid envelope).
Similar products
This is the only account available for companies.
Important information
As this account is a deposit account (not a share account), when you open it neither you or the limited company will become members of Newbury Building Society.
In addition to sight of normal identification (see our Identification for customers PDF) for the signatories of the account (including one director), we will also need:
- Sight of company’s Certificate of Incorporation or Certificate to Trade
- A signed or certified Board Resolution, showing the decision for the limited company account to be opened with Newbury Building Society; the agreed signatories to the account; interest and withdrawal instructions
- Gross Interest Declaration (if the company is eligible to receive interest with no tax deducted) - please ask us for this if relevant
Gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law, currently 20%. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
WE HAVE NO CURRENT PLANS TO WITHDRAW THIS PRODUCT BUT IT MAY BE WITHDRAWN WITHOUT NOTICE
