Client Business Reserve

Get a great interest rate on your business savings as well as your clients'

If your business is a professional practice that needs to hold clients' funds, our Client Business Reserve is ideal for you.

We have designed this account for you by combining convenience and reward. As well as safeguarding your clients' savings in general accounts, you can earn a great rate of interest. This account is also instant access, so you can withdraw money if required.

This offer is subject to availability and may be withdrawn without notice at any time.

Santander Business Banking provides dedicated banking services for customers with an annual turnover of up to £250,000.

Key features of the Client Business Reserve

Open your account with as little as £1 and continue to save any amount up to £2 million.
Enjoy instant access to your funds.
You can safeguard your clients' funds in general accounts (undesignated) while earning a great rate of interest. And we can pay the interest into your client account or another nominated account.
You can choose to have your interest paid monthly or annually.

Print off an application form here.

Client Business Reserve - Interest rates

Interest paid monthly

Tier	Effective rate if withdrawal is made
Tier	Gross Rate p.a.	AER (variable) (see note 1)	Net Rate p.a. (see note 2)
£1+	0.75%	0.75%	0.60%

All interest rates are effective as at March 18, 2013

Accessing your account

We understand that to run a business, you need to be able to manage your account easily. For this reason we've made it simple to run your account:

You can make withdrawals and deposits by telephone, online and through our ATMs.
You can choose to have a single or joint account with up to 10 joint account holders.
You can also nominate colleagues to have access to your account to manage it while you get on with running your business.

Eligibility

The Client Business Reserve can only be used by solicitors as an undesignated client account. You can open a Client Business Reserve if you are a UK citizen aged 18 or over.
You can open your account with a minimum of £1 and continue to save any amount up to £2 million.

How to apply

Apply for your Client Business Reserve by printing off an application form.
You can also apply for a Client Business Current Account and benefit from free day-to-day banking transactions as long as you stay within monthly transaction limits.

For any more information, please call 0800 023 2015

Specific Terms and Conditions

Please see the fact sheet for the specific terms and conditions.

Client Business Reserve

Note 1: 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.

Note 2: The net rate is the interest rate we pay after deduction of income tax at the rate specified by law (currently 20%). Businesses such as Limited Companies, Charities, Local Authorities and Pension Funds are eligible to receive interest without deduction of tax.

Client Business Reserve

Useful Information