Beverley Building Society

Business Online Account

Summary Box - Key Product Information

Account Name

Business Online Account

What is the interest rate?

0.25% Gross* / AER** for balances over £1,000.00 

Balances under £1,000.00 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. 

Refer to our Terms and Conditions for full details.

What would the estimated balance be after 12 months based on a £1,000 deposit?

£1,002.50 

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.

Refer to our Terms and Conditions for more information on withdrawals.

Additional Information *Gross rate – the contractual rate of interest to be paid on a savings account without any deduction being made in respect of personal Income 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.

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