Deposit Calculator
What could you get?
The estimated interest is for illustrative purposes only and assumes your savings are paid in on the 1st January and no further deposits or withdrawals are made. It doesn’t consider any individual circumstances. All interest rate information should be read in conjunction with the full product information and general terms and conditions for savings accounts. For products with a tiered interest rate – the calculation displayed is based solely on the highest interest rate available shown within the product. Please refer to the individual product terms and conditions for full details regarding tiered interest rates and withdrawals.
This account is for you if:
You have surplus cash, you can put it to work by earning interest on your funds
You have a need to set aside funds for VAT, corporation tax, or unexpected emergencies – providing a financial safety net
You need to help manage cash flow – separating operating funds from savings, offering better financial organisation, especially during seasonal highs and lows
You want higher returns: Savings accounts can offer a better return on surplus funds, helping your money work harder
Summary Box
Please note: this account is only available to open using the online application form on the link below – it is not available to open by branch or by post.
Here’s more information about the product
95 Days’ Notice (Issue 1) Business Account
3.52% Gross PA/AER* variable.
Interest is calculated daily and is added to your account annually on 31st December.
Yes, we have the right to vary the rate of interest. If we decrease the interest rate, we will notify you 95 days in advance of the change.
Please refer to Condition 7 of our General Terms and Conditions for Business Deposit Savings Accounts (also available in our branches) which sets out the reasons for which we may change the rate and the procedure for doing so.
The estimated balance after 12 months based on an initial deposit of £10,000 would be £10,352.00.
This projection is provided as an example only and doesn’t take into account your individual circumstances. We have worked this out assuming a £10,000 deposit is made on account opening and no further deposits or withdrawals are made throughout the year.
This product is available to UK-Based SME and Micro Enterprise businesses – i.e. limited companies, partnerships and LLPs.
You can only hold one account of this type. This account can only be opened by completing an online application form which is available on each product page within the Business Savings Accounts section of our website.
Minimum balance: £10,000
Maximum account balance: £250,000
Deposits must be made by electronic payment.
Please note that you must fund the account with the minimum balance of £10,000 within 30 days of account opening, otherwise your application may be cancelled.
You can appoint up to four authorised users. The users, and shareholding directors if different, will be subject to identification requirements.
You can manage this account by post or online (subject to the terms and conditions of Harpenden Online). If you currently have an existing Harpenden Building Society deposit account, it may be possible to transfer your funds, subject to your existing product terms and conditions and the product terms and conditions of this account. Please check with us to see if this is possible.
Yes, to make a withdrawal or closure you must give us at least 95 days’ notice in advance, which can be provided via our Notice Account Withdrawal Form via post or withdrawal instructions can also be made using Harpenden Online.
Withdrawals can be requested using Harpenden Online which allows a maximum £50,000 via faster payment into a nominated bank account per day (above that amount via CHAPS, which will incur a fee). Payment requests must be submitted by 3.00pm. Requests received after this time will be processed the following working day.
You will not be permitted to reduce the balance in your account to less than the minimum balance, unless you are closing the account.
The Society reserves the right to withdraw this product without notice at any time.
All interest on UK business savings accounts will be paid without the deduction of tax.
* The gross rate is the rate before deducting tax at the rate applicable to savings income. The annual equivalent rate (AER) is a notional rate which illustrates what the gross interest rate would be if the interest was paid and added to the account annually.
The information contained in this table forms part of the terms and conditions of the account and should be read in conjunction with our General Savings Account Terms and Conditions for Business Deposit Savings Accounts.
Frequently Asked Questions
Please call our Member Services Team on 01582 765411 to confirm product availability.
It is important that you read the FSCS information sheet contained within this document. It provides you with information about the protection of your savings deposits. Eligible deposits with the Society are protected by the Financial Services Compensation Scheme (FSCS).
This savings product is covered by the FSCS.
You can open a Business Savings account via the ‘Apply Online’ link above.
You cannot open an account on behalf of another person.
If you have reason to complain about the service that you receive you can contact us on 01582 765411, email at specialistaccounts@harpendenbs.co.uk or write to our Savings Operations Manager at Head Office.
Full details of the complaints procedure can be found in the General Terms and Conditions for Business Deposit Savings Accounts.
If you open a new account and then change your mind, then as long as you tell us at any of our branches or our Head Office within 14 days after the contract is entered into (or, if later, 14 days from the day you first receive, on paper or electronically, the terms and conditions and other information relating to it) you can
- have your money back; or
- switch to another available account
In this case, you will not have to
- give any period of notice;
- lose any interest on the account you are closing; or
- pay any other charges
Data Protection regulations require Harpenden Building Society (the Society) to inform customers about how their personal data will be processed.
Personal data includes customer’s name, addresses, financial information and other personal information needed for opening an account.
The Society will restrict its processing of your personal data to the minimum required to open and manage your account, update you on your account status and inform you of any new savings products.
Your personal information will be processed to comply with the Society’s legal and regulatory obligations, to ensure that we continue to operate in a way to safeguard your investment.
The Society will not send you marketing material on any other services and will not share your personal details with any other organisation for marketing purposes, without your consent.
Your personal details will be stored securely by the Society and its specialist suppliers, in countries that have equivalent data protection rules, and will only be used to communicate with you whilst you have an account with the Society.
Further information on how the Society handles your personal data is available under the ‘Privacy’ menu option on the website.
You are entitled to request the Society to restrict its use of your personal data. If you have any questions about how we manage your personal data, or wish to complain about this, please contact the Data Protection Officer in the first instance at: privacy@harpendenbs.co.uk
If you are not satisfied with the handling of your complaint by the Society, you can also make a complaint to the Information Commissioner’s Office on: ico.org.uk.
You can view our Privacy Policy in full here: Privacy Policy – Harpenden Building Society.
For our members
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Resources for Business 95 Days' Notice Account
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