Savings Account
Company e-saver
Key features
| Account Name | Company e-saver |
|---|---|
| Interest rates (AERs) |
|
| Tax status | Gross/Net. Tax treatment depends on individual circumstances and may be subject to change in the future. |
| Conditions for bonus payment | N/A |
| Withdrawal arrangements |
7 days' notice is required for all withdrawals. There is no facility for easy access with loss of interest. |
| Access | Online |
Product Info Follows
Current Interest Rate
2.00% Gross / AER
This rate is for balances from £250,000. Other rates are available on our Current interest rates page.
Apply Now
Online account - visit myaccounts to apply.
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
£1,500,000 (Larger amounts can be deposited through our Treasury department. For more details on Fixed Term Deposits call 01635 555707).
New investors
Yes
Holder requirements
Available to UK based limited companies, incorporated charities and limited liability partnerships.
Paying in
All deposits (with the exception of the opening deposit) must be made by electronic transfer.
Unlimited (up to maximum balance).
Cheques and cash will not be accepted.
Taking money out
All withdrawals must be by electronic transfer to the nominated bank account.
The minimum withdrawal is £1,000 (except on closure).
Charges
No charge for the first 50 withdrawals per year. Subsequent withdrawals will be charged a standard CHAPs fee (for details see tariff of charges in our General Investment terms and conditions booklet).
Similar products
This is the only online account available for companies.
The following product is available from our branches
Company Deposit
Suitable for balances from £500 if you require easy access by cheque.
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
£1,500,000 (Larger amounts can be deposited through our Treasury department. For more details on Fixed Term Deposits call 01635 555707).
New investors
Yes
Holder requirements
Available to UK based limited companies, incorporated charities and limited liability partnerships.
Paying in
All deposits (with the exception of the opening deposit) must be made by electronic transfer.
Unlimited (up to maximum balance).
Cheques and cash will not be accepted.
Taking money out
All withdrawals must be by electronic transfer to the nominated bank account.
The minimum withdrawal is £1,000 (except on closure).
Charges
No charge for the first 50 withdrawals per year. Subsequent withdrawals will be charged a standard CHAPs fee (for details see tariff of charges in our General Investment terms and conditions booklet).
Similar products
This is the only online account available for companies.
The following product is available from our branches
Company Deposit
Suitable for balances from £500 if you require easy access by cheque.
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 together with certificates of change of name if appropriate.
- Verification of the nominated company bank accounts.
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
