Changes to current and savings accounts

Changes to laws or banking regulations can often affect your business current accounts and other banking services. We will always let you know about any changes to your account's terms and conditions, and we also update this page regularly to clearly communicate the details of any changes.

This page shows you the latest changes to our business current and savings accounts.

From 31 July 2023, we’re making changes to our terms. 

  • We’re making these changes so that our terms comply with law and regulation.
  • We’re making the terms clearer and simpler to read.
  • We’re moving parts of the content around to make it easier for you to find what you need. 
  • There are also changes to reflect our way of doing business. This includes some changes to when we may not make your payments and when we may block or close your account.

We may have already contacted you to tell you about these changes. They won’t come into effect until you receive that notification. For full details, please read the General Terms & Conditions (827 KB)

The Bank of England Base rate has increased from 4.25% to 4.50% on 11 May. Following this, on 2 June we’re increasing rates on a number of our products.

Account nameRate shownInterest rate before 2 JuneEffective from 2 June
Business Everyday SaverAER/gross (variable)0.70%0.85%
Treasurer's Savings AccountAER/gross (variable)0.70%0.85%
Client SaverAER/gross (variable)0.70%

0.85%

Reward Saver Issue 10 (no withdrawal)AER/gross (variable)

0.90%

1.00%
1|2|3 Reward Saver Issue (no withdrawal)AER/gross (variable)0.90%1.00%
Reward Saver Issue 9 (no withdrawal)AER/gross (variable)0.80%0.90%

The Bank of England Base rate has increased from 4.00% to 4.25% on 23 March. Following this, on 28 March we’re increasing rates on a number of our products.

Account nameRate shownInterest rate before 28 MarchEffective from 28 March
Business Everyday SaverAER/gross (variable)0.60%0.70%
Treasurer's Savings AccountAER/gross (variable)0.60%0.70%
Client SaverAER/gross (variable)0.60%

0.70%

Reward Saver Issue 10 (no withdrawal)AER/gross (variable)

0.80%

0.90%
1|2|3 Reward Saver Issue (no withdrawal)AER/gross (variable)0.80%0.90%
Reward Saver Issue 9 (no withdrawal)AER/gross (variable)0.70%0.80%

The Bank of England Base rate has increased from 3.50% to 4.00% on 2 February. Following this, on 21 February we’re increasing rates on a number of our products in line with the increase. 

Account nameRate shownInterest rate before 21 FebruaryEffective from 21 February
Business Everyday SaverAER/gross (variable)0.55%0.60%
Treasurer's Savings AccountAER/gross (variable)0.55%0.60%
Client SaverAER/gross (variable)0.55%

0.60%

If you have any questions or there is anything you don't understand call us on 0330 123 9860 or visit your local branch

Was this helpful?

Do your banking online

Ways for you to manage your money without leaving home

Trouble logging on

You can reset your details if you already have Online Business Banking