Bank of Cyprus Business Savings Accounts
The Bank of Cyprus offers their business savings account with the aim of trying to take the complexity out of banking for the customer. The company claims to be focused on providing customers with attractive savings products that are competitively priced.
Bank of Cyprus UK provides business savings accounts with a variety of options:
- Fixed Rate Bonds
- Instant Access Account
- 35 Day Notice Account
- Fixed Deposits
We go into more detail about the differences between these Bank of Cyprus business savings below our easy to use product comparison tables. We recommend that you compare this business savings account deal with the ones that we listed and see how they contrast before settling on any particular deal.
Oak North Bank »
|12 Month Fixed Term Deposit||1.71%||12 Months||More Info >|
|1.71% gross/AER. Deposit between £10,000 and £1,000,000. Open and manage account online. Must be a registered business for at least 2 years and paying UK tax. No additional deposits or withdrawals|
Aldermore Bank »
|1 Year Fixed Rate||1.50%||1 Year||More Info >|
|1.50% gross/AER. £1,000 minimum opening balance. No withdrawals.|
Oak North Bank »
|6 Month Fixed Term Deposit||1.10%||6 Months||More Info >|
|1.10% gross/AER. Deposit between £10,000 and £1,000,000. Open and manage account online. Must be a registered business for at least 2 years and paying UK tax. No additional deposits or withdrawals|
|Nationwide Business 95 Day Saver||1.00%||95 Day Notice||More 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.|
Aldermore Bank »
|6 Month Fixed Rate||1.00%||6 Months||More Info >|
|1.00% gross/AER. £1,000 minimum opening balance. No withdrawals.|
|Nationwide Business 1 Year Saver||0.90%||1 Year||More 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.|
|Easy Access Account||0.85%||Easy Access||More Info >|
|0.85% gross/AER. £1,000 minimum opening balance. Unlimited withdrawals.|
Oak North Bank »
|3 Month Fixed Term Deposit||0.51%||3 Months||More Info >|
|0.51% gross/AER. Deposit between £10,000 and £1,000,000. Open and manage account online. Must be a registered business for at least 2 years and paying UK tax. No additional deposits or withdrawals|
|Nationwide Business Instant Saver||0.50%||Instant Access||More 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.|
The business savings accounts that the Bank of Cyprus offers are broken down into the following varieties:
Fixed Rate Bonds
This business account deal allows you to save for a prolonged period of time in a high interest account. You must be sure that you do not need the money for a long time. When you decide to withdraw from the account you will receive a lump sum, which is the interest you have accumulated throughout the life of your fixed rate bonds account.
This type of business savings account allows you to receive a higher rate of interest for 12 months. As with a fixed rate bonds account, you must be sure that you will not need the money in your flexi-bond account. The benefit of this account is that it is only for one year, and you can reap the rewards of interest after the year is over.
This business savings account deal is designed for charities, with high interest rates and flexibility. The charity that arranges a Charity-Bond savings account also receives a cash-back donation from Bank of Cyprus.
Instant Access Account
An instant access account provides a business with the opportunity to receive high interest rates while being able to access its finances whenever they are required.
35 Day Notice Account
The 35 day notice savings account is similar to the instant access account, in the way that it provides the opportunity to save and earn high rates of interest with the difference being that you have to give Bank of Cyprus a 35 day notice before withdrawing.
A fixed deposit savings account allows you to save, with the reassurance that you are receiving a set rate of interest, regardless of changes in international interest rates.
|Provider||Plan Name||Deposit Taker||ISA Option||Term||Maximum Potential Return||More Info|
|FTSE 100 Kick Out Deposit Plan||Investec Bank plc||Up to|
|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 5% times the number of years the plan has been in force. Also available for Cash ISA and ISA transfer.|