Business fixed term and variable deposits

How to open a business deposit account?

For maximum business efficiency, it is better to place free funds in financial instruments that provide additional income and are reliable. One such financial instrument is business fixed-term deposits. Bankchart.co.uk offers you a list of the most reliable financial institutions with competitive interest rates and a wide range of periods for depositing.

Just follow the link in the table above, read the terms of business fixed-term deposits, find the current rates and other conditions, and contact the support service of the bank most suitable for you.

Please note that UK banks offer business fixed term deposits and business variable deposits. If you want the interest rate on the deposit not to change during the period of placement of funds, then apply for a fixed term deposit.

The manager will answer all your questions, as well as tell you what list of documents you need to prepare.

New customers usually need to visit a bank branch to open a deposit, while if your company has already cooperated with banks, often you can open a business fixed deposit online.

Calculate future income on a 1-year term deposit (example): 

Do business deposits have fixed or variable interest rates?

Business deposit accounts can offer both fixed and variable interest rates, depending on the type of account and the financial institution providing the service.

A fixed interest rate means that the rate of return on the deposited funds remains constant for a specified period.

Fixed-Term Deposits often known as business savings bonds or fixed-rate savings accounts, these require the funds to be locked away for a predetermined period (e.g., 1 year, 3 years). The interest rate is agreed upon at the time of the deposit and remains unchanged for the duration of the term.

A variable interest rate fluctuates over time, often in response to changes in the Bank of England's base rate or market conditions.

You can also see the similar FAQ at the link: 

• Lloyds business banking application
• Lloyds business banking change of address
• Lloyds charity bank accounts
• Lloyds corporate banking
• Lloyds mobile business banking

Details of companies offering the financial services:

Bank of Scotland

Head office’s address: The Mound, Edinburgh EH1 1YZ

Phone: +44 (034) 5721 31 41

Web-site: http://www.bankofscotland.co.uk/

Swift code: BOFSGB31

Reference number: 169628

Stock code: 0076540

ABN: SC327000

BSB: BOFS

Barclays Bank

Head office’s address: 1 Churchill Place, London E14 5HP

Contact center: 0800-400-100

Phone: +44 (034) 5734 53 45

Web-site: http://www.barclays.co.uk/

Swift code: BARCGB33

Reference number: 122702

Stock code: BARC

ABN: 01026167

BSB: BARC

Close Brothers

Head office’s address: 10 Crown Place

Contact center: 0800-588-40-64

Phone: +44 (033) 3321 61 00

Web-site: https://www.closebrothers.com/

Swift code: CBRLGB2LTSY

Reference number: 124750

Stock code: CBG

ABN: 00195626

BSB: CBRL

HSBC Bank

Head office’s address: Unit 8, Canada Square, Retail, London E14 5AH

Phone: +44 345 740 4404

Web-site: https://www.hsbc.co.uk/

Swift code: HBUKGB4B

Reference number: 114216

Stock code: HSBA

ABN: 00014259

BSB: HBUK

Lloyds Bank

Head office’s address: 25 Gresham Street, London EC2V 7HN

Contact center: 0345-300-0000

Web-site: https://www.lloydsbank.com/

Swift code: LBGTGB22

Reference number: 119278

Stock code: LLOY

ABN: 00002065

BSB: LBGT

Metro Bank

Head office’s address: One Southampton Row, London, WC1B 5HA

Phone: +44 (034) 5080 85 00

Web-site: https://www.metrobankonline.co.uk/

Swift code: MYMBGB2L

Reference number: 488982

Stock code: MTRO

ABN: 06419578

BSB: MYMB

Monzo Bank

Head office’s address: Broadwalk House, 5 Appold St, London EC2A 2AG

Contact center: 0800 802 1281

Phone: +44 20 3872-0620

Web-site: https://monzo.com/

NatWest Bank

Head office’s address: 250 Bishopsgate, London, EC2M 4AA

Contact center: 0800-88-11-77

Phone: +44 345 788 8444

Web-site: https://www.natwest.com/

Swift code: NWBKGB2

Reference number: 121878

Stock code: GBP1

ABN: 00929027

BSB: NWBK

Royal Bank of Scotland

Head office’s address: 36 St Andrew Square, Edinburgh, EH2 2YB

Contact center: 0345-600-2230

Phone: +44 (070) 3597-88-42

Web-site: https://www.rbs.co.uk/

Swift code: ROYCGB2LCLS

Stock code: NWG

ABN: BR000548

BSB: ROYC

Santander

Head office’s address: 2 Triton Square, Regent's Place, London, NW1 3AN

Contact center: 0800-389-7000

Web-site: http://www.santander.co.uk/

Swift code: ABBYGB3E

Reference number: 106054

ABN: 02294747

BSB: ABBY