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:
Your business has cash reserves that can be set aside for the next 2 years.
You want the peace of mind of a fixed rate that won’t change during the term.
You are looking for a straightforward way to help your business funds grow.
You do not need regular access to the money you invest.
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
2 Year Fixed Rate Business Bond (Issue 4) – 30.11.2028
4.36% Gross PA/AER* (Fixed until 30.11.2028)
Interest is calculated daily and paid annually on 31 December, with a final interest payment made on maturity.
The interest rate for this account is fixed, which means it will remain the same until 30.11.2028.
The estimated balance on the maturity date of 30 November 2028, based on a deposit of £10,000 would be £10,932.70.
This is an estimate based on:
• a £10,000 deposit made on 1 November 2026
• no additional deposits
• no withdrawals being made
• interest being calculated daily and added to the account annually on 31 December, with a final interest payment on maturity.
This projection is provided as an example only and doesn’t take into account your individual circumstances.
This account is available to:
UK-based SME and Micro Enterprise businesses – i.e. Limited Companies, Partnerships and LLPs.
You can appoint up to four authorised users. The users, and shareholding directors if different, will be subject to identification requirements.
Please follow the guidance in our ‘Identification Requirements’ document available in branch and online.
Is there a limit to how many accounts of this type I can open?
You can only hold one account of this type.
Setting up this account
This account can only be opened by completing an online application form which is available on each product page within the Business Savings Account section of our website.
How to put money into your account
Deposits can be made by bank transfer only.
Managing this account
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.
Saving limits
Minimum opening amount £10,000.
Maximum account balance: £250,000
Only one payment will be allowed into the account. This must be within 30 days of opening the account. This can be any amount between £10,000 and £250,000.
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.
No withdrawals or early access is permitted before 30.11.2028.
What happens when my bond matures?
This account will mature on 30.11.2028. On maturity, if a new bond is available, we’ll offer you the new bond when this one matures. We will send you in advance the details of the new bond, including its interest rate, and the terms and conditions.
The details will also include the term which will always be either the same or shorter than your existing bond. The interest payment frequency will be the same as your existing bond.
If no bond is available, we’ll offer you an Instant Access savings account. This type of account lets you access your money whenever you wish. We’ll send you in advance the details of the account, including the interest rate and terms and conditions.
If you want to accept the offer we make to you, you don’t need to do anything. We will open the new bond, and transfer the money, plus interest into it on the first working day after your existing bond matures.
If you don’t want to accept our offer, please let us know before your bond matures and we’ll send the money to you on maturity.
You can let us know by signing and returning the instruction form we send to you with your maturity letter, by contacting us by secure message through Harpenden Online or by calling us directly.
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.
Cancellation rights
You can close your account within 14 days of making your opening deposit with us if you change your mind, and we will return your money with any interest it has earned.
We will contact you prior to your account maturity on 30.11.2028 and outline your options regarding your Bond account.
* 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.
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