LIMITED OFFER

Super 1 Year Business Tracker

Santander’s Super 1 Year Business Tracker is the perfect choice if you are looking for a guaranteed rate on an amount of money that your business can lock away for a period of time. For 1 Year the minimum rate is 2.00% gross/AER and is guaranteed to move with any Bank of England Base Rate increase or decrease, but it will never drop below 2.00% gross/AER. Rate changes will take effect the 1st of the month following the Bank of England Base Rate change.

Interest rates

To apply for this account please select Time Deposit on the printed application form or Call us on 0845 606 0593

2.50% gross/AER 1 year Fixed Rate Business Bond

Santander´s Fixed Rate Business Bonds are the perfect choice if you are looking for a guaranteed rate on an amount of money that your business can lock away for a period of time.

Interest rates

*gross/AER based on funds invested on 1st September 2010. Rates correct at 2^nd August 2010

AER stands for Annual Equivalent Rate and shows what the interest rate would be if we paid interest and added it to your account each year. The gross rate is the interest rate we pay before income tax is taken off.

Maturity dates

Information

• Bonds and Time Deposits can only be opened with a minimum balance of £50,000 and have a maximum deposit of £2 million.
• For all Bonds and Time Deposits, a certificate will be issued after opening with details of the opening balance, interest rate and maturity date.
• Available to new and existing business customers who are transferring or paying in funds not currently held within the Santander Group (Alliance & Leicester, Cater Allen and cahoot).
• These Bonds and Time Deposits are also available to customers that have an existing Santander Business Bond that is maturing.
• This is a limited offer and subject to availability. Apply today as this offer can be withdrawn at any time.

Interest payments

• For Bonds with a term of 12 months or longer interest is paid annually on the 1st of the month after the account is opened, and on maturity.

Deposits

• For all Bonds and Time Deposits once you have made your initial deposit no additional deposits are allowed. To fund your account you must arrange for your deposit to be sent by CHAPS or telegraphic transfer from one of your Business Accounts that sits outside of the Santander Group, unless you are funding from a maturing Santander Business Bond or Santander Time Deposit. A charge for CHAPS payments may apply.

Withdrawal/closure:

• For the fixed term period no withdrawals or early closure allowed on the Fixed Rate Business Bond.
  
• Time Deposits interest rates are calculated assuming you leave your money untouched for an agreed length of time. Time Deposit partial withdrawals and early closures are only allowed in exceptional circumstances. You will need to contact the Santander Time Deposit Team on 0845 606 0593.
  

Call us on 0845 606 0593

Lines are open Monday to Friday 9am to 5pm

Or print off an application form

Specific Terms and Conditions – Business Bond and Time Deposits
These Conditions set out the contract between you and us. They explain our obligations to you and your obligations to us. They apply to Santander’s Business Bond. These conditions are in addition to our Business Banking Terms and Conditions and any other conditions that are implied or included in the contract between us by law, even if they do not appear in these Conditions. These Conditions may be varied by us. See Condition 10 for details. If there are any conflicts between the General Business Banking Terms and Conditions and the Business Bond specific Terms and Conditions these specific Terms and Conditions will take precedence.
1. Eligibility
Available to new and existing Santander Business customers with a business turnover of £1 million or less.
2. Deposits
(a) The minimum amount you may place in a Business Bond or Time Deposits is £50,000. The maximum is £2 million per business entity.
(b) You must arrange for your deposit to be sent by CHAPS or telegraphic transfer from one of your business accounts that sits outside of the Santander Group, unless you can fund your new Business Bond from a maturing Santander Business Bond or Santander Time Deposit.
(c) Once you have made your initial deposit you cannot add additional money to your Business Bond.
(d) All deposits must be in Sterling.
3. Applicants
The Business Bond or Time Deposit will be opened in the business name. Up to nine people can be registered to operate the account. We shall accept instructions from any individual registered to operate the account.
4. Interest rates
Interest rates are fixed.
Interest will be calculated on a daily basis until the day before maturity. All Bonds have annual interest. Annual interest is paid on the 1st of the month following opening and then at maturity.
5. Withdrawal/closure
For the fixed term period no withdrawals or early closure allowed.
6. Term and Method of Interest Payment
The term of the Business Bond and Time Deposit are fixed from the day of opening until the stated maturity date. Once the term ends your money will be transferred to another Santander account (at our discretion) unless before the end of the term you tell us otherwise. Once you have chosen the term of your investment and the method of interest payment, it cannot be changed.
7. Maturity
We will contact you before the end of the fixed period to advise you of the options available upon maturity.
8. Address for communications
The business address that you give us will be the one to which communications will be sent. We will ask you to confirm any change of address in writing and to provide evidence of the change of address.
9. Restrictions
We may refuse to carry out or allow any transaction on a Business Bond or Time Deposits if we are not reasonably satisfied of:

• The identity or authority of any person requesting the transaction, or
• The lawfulness of the transaction

10. Varying Conditions
(a) We may change these Conditions (which includes adding or removing conditions) by notifying you of the change.
(b) If the change is to your advantage we may make the change immediately and notify you within 30 days.
(c) If the change is to your disadvantage, we will notify you personally at least 30 days before we make the change.
(d) The bank is not entitled to vary the interest rate of the Business Bond during the term of the Business Bond.
11. Notices
Any notice under these Terms and Conditions must unless otherwise specified be given in writing by you to us at our Business Banking Centre – 301 St Vincent Street, Glasgow G2 5NT, and by personal notice from us to you.
12. Third parties
Our relationship is with you and we will not recognise the interest or claim of any other person unless we are required to do so by law.
13. Death
In the event of your death, the Business Bond or Time Deposits will continue until maturity and continue to
be under the control of the remaining signatories in the business.
14. Your Account is not transferable
You cannot transfer your rights in your Business Bond or Time Deposits to someone else. For example, this means that you cannot use the funds in your Business Bond as security for money you borrow from someone else.
15. Governing law
These Conditions are governed and construed in accordance with English law and you and we agree that the courts of England and Wales will have exclusive jurisdiction to hear any disputes arising in relation to these Conditions.
16. Inability to provide services
If we are unable to provide services generally or any particular services to you because of any causes beyond our control (including, but not limited to, strikes, industrial action or the failure of equipment or power supplied), we will not be liable to you for any loss which you may suffer.
17. Recording of telephone conversations
To help us improve our services we may record and monitor telephone calls.
18. Taxation
The Business Bond is intended to meet the definition of a Qualifying Time Deposit. Accordingly interest will be paid gross (without deduction of tax) unless the terms of the Business Bond are breached (for example by early closure), in which case interest paid to individual account holders may be subject to deduction of tax at the basic rate.