Go compare with our comparison table

Scottish Widows Bank launches new business savings accounts

09 July 2009 / by Rebecca Sargent

Scottish Widows Bank has doubled its business banking products with the launch of two new business savings accounts.

The One Year Fixed Term Business Deposit Account and the Business 7 Day Notice Account have both been awarded four out of five stars by Moneyfacts.

The One Year Fixed Term Business Deposit Account is a fixed term deposit account that currently pays 3 per cent gross/AER, and has a minimum investment amount of £10,000.

The Business 7 Day Notice Account has a lower rate of 1.75 per cent gross/AER on balances between £500 and £49,999, and a higher rate of 2 per cent gross/AER on balances of £50,000 or more. 

Commenting on the launch, Gordon Bowden, business development director at Scottish Widows Bank said: "The launch of these accounts completes our suite of products for business customers. We are giving businesses the choice of easy access and/or guaranteed fixed term interest."

The accounts are available to businesses ranging from small to medium enterprises, sole traders, charities and clubs.

Learn more about the Scottish Widows Bank business savings accounts »

© Fair Investment Company

 

Business Savings Selection
ProviderAccountRate TermApply
1.50%1 YearMore Info >
1.50% gross/AER. £1,000 minimum opening balance. No withdrawals.
1.00%6 MonthsMore Info >
1.00% gross/AER. £1,000 minimum opening balance. No withdrawals.
0.75%95 Day NoticeMore Info >
0.75% AER/gross. Withdrawals subject to 95 days notice. Minimum Deposit £10,000, maximum balance £5,000,000. Available to UK businesses.
0.85%Easy AccessMore Info >
0.85% gross/AER. £1,000 minimum opening balance. Unlimited withdrawals.