Newbury Building Society

	band	previous rate		current rates
		Gross %	Change %	Gross %	Gross AER % *	Net Equiv %	Net AER % *
	£250,000+	5.25	-0.20	5.05	5.05	4.04	4.04
	£100,000+	4.80	-0.20	4.60	4.60	3.68	3.68
	£50,000+	4.60	-0.20	4.40	4.40	3.52	3.52
	£25,000+	4.20	-0.20	4.00	4.00	3.20	3.20
	£500+	3.60	-0.20	3.40	3.40	2.72	2.72

What rate do you get?

Company deposit is a special account designed exclusively for Limited Companies and Incorporated Charities, looking to maximise earnings on capital surplus to cash flow.

As the interest rate for this account is variable, please simply click here to see the current company deposit interest rate. Interest is calculated daily and paid annually into the account on the 31 October. You can have your interest paid into your bank account or another Newbury Building Society account.

Is it for you?

Consider our Company deposit account if you:

• Are a Director of a limited company or incorporated charity looking to invest capital surplus to cash flow.
• Are looking for a high rate of interest for a lump sum of money.
• Have a minimum of £500 and no more than £1 million to invest.
• Want instant access to your money.

Company deposit is available to all UK based limited companies and incorporated charities. As this investment is arranged on a deposit basis, neither you or your company/charity will be a member of Newbury Building Society (unless you also have a share account).

What access can you have to your money?

You can get instant access to your money. This means that no notice is required but normal cheque withdrawal and cheque clearance conditions apply. Click here for details.

The minimum amount you can withdraw from the account is £500 (except when you come to close it). All withdrawals must be made by cheque. Withdrawals over £60,000 are made from Head Office and will therefore require at least 48 hours notice.

We can transfer money by CHAPS (Clearing House Automated Payments System) on your request. There is a charge for this service.

Are there any additional benefits on this account?

Yes. We offer a free postal service. When you make a transaction by post, we will send you a prepaid envelope to make your next transaction.

Are there any other terms and conditions you need to be aware of?

We need to see normal identification for the signatories of the account, which must include one Director. Please click here for details. We will also need:

• Sight of company/charity's Certificate of Incorporation or Certificate to Trade.
• A Board Resolution, confirming the decision to open a Company deposit account with Newbury Building Society, the agreed signatories for the account, where interest should be paid and how many signatories are needed to make a withdrawal.
• Gross Interest Declaration, if the company/charity can receive interest with no tax deducted. Please ask us for this if it is relevant to you.

You should also read our handy guide Savings explained, which contains general terms and conditions relating to saving and investing with Newbury Building Society.

Are there any charges on this account?

There are no charges for the normal operation of the account. There are charges for one-off services you may require, for example if you need a duplicate savings statement or make a withdrawal by CHAPS (Clearing House Automated Payments System). Please click here for details.