Business Online Account
|Summary Box - Key Product Information|
|What is the interest rate?||
0.55% Gross* / AER** for balances over £1,000
Balances under £1,000 will attract the lowest rate from the Instant Access Account.
Interest is calculated daily and added annually on 31st December at close of business.
|Can Beverley Building Society change the interest rate?||
Yes, all of our interest rates are variable.
|What would the estimated balance be after 12 months based on a £1,000 deposit?||
This figure is for illustration purposes only, and assumes no further deposits, withdrawals or interest rate changes.
|How do I open and manage my account?||
Available to UK Residents and UK Tax Residents.
Please contact the Society and request a pack to be sent to you. Complete the application form, relevant declaration(s) and documentation then forward to the Society's office providing necessary identification.
The minimum opening deposit is £1000.Transactions in (including the opening deposit) to be made via the Society's website at www.beverleybs.co.uk from the business nominated bank account. Branch transactions are not permitted.
|Can I withdraw money?||
Yes, notice and penalty free withdrawals (including closure requests) are to be made via the Society's website at www.beverleybs.co.uk to the business nominated bank account.
|Additional Information||*Gross rate – the contractual rate of interest to be paid on a savings account without any deduction being made in made in respect of potential tax liability. **AER - stands for Annual Equivalent rate and illustrates what the interest rate would be if interest was paid and compounded once each year.|