Principality Business Savings Accounts

In order to find the best offers from different providers, it is advisable to shop around as much as possible by comparing different business savings accounts, to see if Principality business savings accounts are the best option for you. Use our simple comparison table below for information on the latest deals from leading providers:

 

Business Savings Selection
ProviderAccountRate TermApply
1.10%1 YearMore Info >
1.10% 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.
0.85%Easy AccessMore Info >
0.85% gross/AER. £1,000 minimum opening balance. Unlimited withdrawals.
0.65%1 YearMore Info >
A highly competitive rate of interest if you can lock your savings away for 1 year, with interest paid on maturity. Open to businesses with fewer than 250 employees and a turnover or assets of up to £45 million.
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.
0.55%6 MonthsMore Info >
A highly competitive rate of interest if you can lock your savings away for 6 months, with interest paid on maturity. Open to businesses with fewer than 250 employees and a turnover or assets of up to £45 million.
0.55%95 Day NoticeMore Info >
Earn a higher rate of interest if you don;t need immediate access to your savings, with interest paid monthly or annually. Open to businesses with fewer than 250 employees and a turnover or assets of up to £45 million.
0.40%Instant AccessMore Info >
Instant access account for - BUSINESS, CHARITIES, HOUSING ASSOCIATIONS, CLUBS & PARTNERSHIPS - Interest paid monthly or annually. Open to organisations with fewer than 250 employees and a turnover or assets of up to £45 million.

Principality Building Society is the largest building society in Wales in terms of assets, and is considered to be the seventh largest in the UK. Aside from business savings accounts, Principality also offer a variety of other savings orientated products.

 

For example, you may also be interested in an instant access business savings account. These are typically suited to businesses that require immediate access to funds without any given waiting period, although the rates for these accounts may lower than notice or fixed rate business savings account deals.

 

There are two types of business savings accounts offered by Principality. Below is a brief outline of the accounts that are currently available.

 

30 Day Notice Accounts have a variable interest rate of 1.50% Gross/AER and require an initial investment of between £10,000 and 5,000,000. These accounts also require a 30 day notice period before they can be closed, and it should be noted that no withdrawals are permitted.

 

Fixed Rate Bonds have a fixed interest rate of up to 3.40% AER and may be selected for a period ranging from 6 months to 3 years. Interest for these accounts is typically paid at maturity and much like 30 day notice accounts, no withdrawals are permitted for this type of business savings account deal.

 


 

Cash ISA Selection
ProviderPlan NameDeposit TakerISA OptionTermMaximum Potential ReturnMore Info
Kick Out Deposit PlanInvestec Bank plcyesUp to
6 years

3%

per annum

More Info >
Capital protected deposit plan with the potential to mature after years 3, 4, 5 and 6. If the plan matures early it will return 3% times the number of years the plan has been in force. Also available for Cash ISA and ISA transfer.
Important Information: Structured deposits offer you the potential to earn higher returns than you would with a regular savings account. Your returns are based on the performance of an index or commodity. If the investment does not perform well you may receive no income or capital growth, but you can be confident that your capital will be repaid. You have no access to your deposit during the term of the account, typically 3 to 6 years but your original capital will be repaid in full at the end of the term. In the event that the deposit taker is unable to repay your initial investment and any returns stated you may be entitled to compensation from the Financial Services Compensation Scheme (FSCS) depending on your individual circumstances.