Business 30 Day Notice

• Withdrawals permitted after 30 days notice, withdrawals can be made only to a nominated account by inter account transfer, Bacs or by CHAPS (our standard fees for those services apply).
• Save between £1 and £5 million.
• Interest rates calculated daily on cleared balance and paid monthly.
• Interest paid gross or net, depending on your tax status.
• Early access available for a standard fee of £10 per £10,000 withdrawn (or part of £10,000 withdrawn).

Details of conditions, charges and interest rates for this account.

Rates effective from 13th April 2010.

Conditions

View terms and conditions (PDF).

Charges

View charges (PDF).

Explanatory notes

AER

The Annual Equivalent Rate (AER) represents the annual rate effectively received by the customer if interest at the gross rate applied during a year remained in the account and itself earned interest. As every advert for a savings product where a rate is displayed will contain an AER, you will be able to compare more easily what return you can expect from your savings over time.

Gross - the rate of interest paid without deduction of tax to eligible non-taxpayers:

• incorporated bodies such as limited companies, pension funds, charities, churches, societies, associations, clubs
• individuals not ordinarily resident in the UK who have completed the necessary Inland Revenue declaration
• non-taxpaying UK residents who have completed an Inland Revenue form R85 and lodged it with Bank of Scotland. Form R85 and an Inland Revenue explanatory leaflet (IR110) are available from all Bank of Scotland branches and from Direct Customer Services.

For customers with joint accounts for two persons, where one person can complete form R85 to have interest paid gross but the other person cannot, Bank of Scotland is offering the facility to have 50% of the interest paid gross and 50% paid net. All Bank of Scotland branches and Bank of Scotland Banking Direct will give further information on this facility.

Bank Rate

Any reference below to base rate, refers to the Bank of England Base Rate.

Before applying for a business bank account from Bank of Scotland, you must be able to confirm the following:

• that you are a sole trader, or a partner or director of the business
• you are over the age of 18
• the account is for business use only.

You will need to have the following information available:

• contact details for you and your business
• personal details of your partners / directors (if applicable).