Fixed Rate Business Bond

A guaranteed fixed rate for your term of choice

If your business has surplus cash it can put away for a set period of time, our Business Bonds will reward you with a guaranteed fixed rate for the full term.

Our Business Bond is available to both new and existing customers with a business turnover of £250,000 or less.

Please note: if your annual turnover exceeds £250,000 we will be unable to process your application: please refer to the Santander Corporate & Commercial Bank website for products tailored to your business

This offer is subject to availability and may be withdrawn without notice at any time.

You need to be sure you can commit your money for the full term because you cannot make withdrawals or early closures after the initial deposit and additional deposits are not allowed.

Why choose a Business Bond?

You can deposit between £5,000 and £2 million.
You're guaranteed to receive a fixed rate - 1.50% gross/AER for the 1 year Bond.
After you open a Bond, we'll send you a certificate showing the opening balance, interest rate and maturity date.

If you have an existing Santander Time Deposit that's maturing, you can also deposit these funds in a Business Bond

Specific Terms and Conditions

Please see the factsheet for the specific terms and conditions.

1 year Business Banking Bond

Open a Business Bond today

To deposit in our Fixed Rate Business Bond:

Call us now on 0800 023 2016.
(Lines are open Monday to Friday 9am to 5pm. Telephone calls may be recorded and monitored.)
Or print off a Business Bond application form now.

Summary of interest rates

Key product information for the Fixed Rate Business Bond
Account Name	1 year Fixed Rate Business Bond
Interest rate (AER)	1.50% gross/AER 1.20% Net
Tax status	Interest will be paid in line with your tax status
Conditions for bonus payment	No bonus payment
Withdrawal arrangements	No withdrawals, early closures or additional deposits are allowed during the fixed term period.
Access	Phone and post

Gross/AER based on funds deposited on 1 June 2013. Rates correct at 2 May 2013.

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. The net rate is the interest rate we pay after deduction of income tax at the rate specified by law (currently 20%). Rates may change and we pay interest on maturity.

Deposits

You can open a Business Bond with a deposit of £5,000 to £2 million.
Once you've made your initial deposit, you cannot make further deposits.
If your initial deposit is coming from an account held outside Santander, you must send the deposit by CHAPS transfer, and you may be charged for this.
Your Bond must be open before you send us the deposit.
The maximum amount that can be deposited per business entity is £2m

Interest payments

We pay you interest on maturity.

Interest will be paid in line with your tax status

Fixed Rate Business Bond

Useful Information