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Fixed Rate Business Bond

Our Business Bond is designed for small to medium sized start-up and established businesses with up to two directors, owners (shareholders) or partners. This account gives you all the benefits of a savings account, plus a better rate of interest when you don't make withdrawals.

  • Get a fixed rate – 0.60% gross p.a./AER for 1 year.

  • Save from £5,000 up to £2 million.

  • No account management needed – simply deposit your cash and leave it for a year.

  • No additional deposits, withdrawals or account closure permitted during the fixed term period.

  • Interest is paid at maturity.

If your deposit is coming from an account outside Santander, you must send the deposit via CHAPS transfer and you may be charged for this.

Please note there is no right to cancel your bond once we are in receipt of your deposit.

 

Please read the full product details and terms & conditions before applying. Other
accounts are available; see our business savings account range to find out more.

 

 

 

Telephone
For account servicing, call us on 0800 731 6666. Lines open 8am to 9pm Monday to Friday and 8am to 2pm on Saturdays. More on Telephone Banking

1 Year Fixed Rate Business Bond - Interest Rates and Fees

Interest rate
0.60% gross p.a./AER (fixed)

Gross/AER based on funds deposited on 2 October 2016. Rates correct as at 2 September 2016.

From 6 April 2016, you'll receive interest gross, with no tax taken off. The gross rate is the interest rate we pay where no income tax has been deducted.

Please see the Key Facts Document on the Terms & conditions tab for full details.

If you already hold a Business Bond, the applicable rate will have been communicated to you at the time of opening.

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Everything you need to know before you apply

We recommend reading the information in the documents below before you apply. You may like to save or print them so you can refer to them in the future.

To view these documents, you may need to download Adobe Reader

 

Please make sure you read the product terms and conditions, including the product factsheet, before you apply.

You can apply for a Fixed Rate Business Bond if:

  • your business is registered in the UK;

  • you have at least £5,000 to deposit in the account;

  • all directors, owners (shareholders) or partners are UK residents;

  • all directors, owners (shareholders) or partners are aged 18 or over;

  • you are able to leave your funds untouched for the fixed term

  • you have up to two directors, owners (shareholders) or partners;

  • your business operates as a sole trader, partnership, limited liability partnership, private limited company or a trust.

Not-for-profit organisations such as clubs, societies or charities can also apply. Please see our clubs and charities accounts for all other banking and savings needs.

If you have more than two directors, owners (shareholders) or partners or your business entity isn't listed above, please visit Corporate & Commercial Banking.

Please note there is no right to cancel your bond once we are in receipt of your deposit.

Apply by phone
Call us on 0800 023 2016.

Lines open 9am to 5pm Monday to Friday.

Frequently asked questions

AER explained
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.

Gross rate explained
The gross rate is the interest rate we pay where no income tax has been deducted.

Net rate explained
The net rate is the interest rate we pay after deduction of income tax at the rate specified by law.

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Santander UK plc. Registered Office: 2 Triton Square, Regent's Place, London, NW1 3AN, United Kingdom. Registered Number 2294747. Registered in England and Wales. www.santander.co.uk. Telephone 0800 389 7000. Calls may be recorded or monitored. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Our Financial Services Register number is 106054. You can check this on the Financial Services Register by visiting the FCA’s website www.fca.org.uk/register or by contacting the FCA on 0800 111 6768. Santander and the flame logo are registered trademarks.