A cash balance in your business account is nice to have but it’s even better if it earns extra money for you. Move some of your cash across to our notice account and you can earn attractive rates of interest. And if you do need to access your funds all you have to do is give us 95 days’ notice.
Facts
We accept applications from academy schools (SAT and MAT), charitable companies (limited by guarantee), limited companies and sole traders who are based/incorporated in the UK and where they and any related entities (including parent companies, directors, controllers, shareholders, beneficiaries* or trustees) are liable to pay tax in the UK only and are 18 years old or over.
*Please note that this refers to owner beneficiaries of the charity as a legal entity/business, rather than beneficiaries in terms of individuals a charity supports through their philanthropic endeavours.
4.55% gross/AER variable
Invest between £10k & £3m
95 days’ notice to withdraw your funds
No early withdrawals
Key features
Speak directly to our UK team
Simple application process
We accept applications from:
Academy schools (SAT and MAT),
charitable companies (limited by guarantee),
limited companies,
and sole traders
Summary box
Account name
95 day business notice account issue 24
What is the interest rate?
| Interest rate where the balance on the account is £10,000 or more | 4.55% gross/AER (monthly 4.458%) variable |
| Interest rate where the balance on the account is less than £10,000 | 0.10% gross/AER variable |
Interest on the account is calculated daily and can be paid monthly or annually.
Can Cambridge & Counties Bank change the interest rate?
The rate is variable which means that Cambridge & Counties Bank can change the interest rate on the account. See terms & conditions, Section 14 for details of when and how the interest rate can change.
What would the estimated balance be after 12 months based on a £10,000 deposit?
| If you have a balance of £10,000, no additional deposits or withdrawals are made and interest rates remain the same and all other conditions of the account have been met. | £10,455.00 |
| If you have a balance of less than £10,000, for example, £5,000 and no additional deposits or withdrawals are made and interest rates remain at the same rate indicated above for balances under £10,000. | £5,005.00 |
The projection is provided for illustrative purposes only and does not take into account individual circumstances.
How do I open and manage my account?
Account Opening
• A minimum initial deposit of £10,000 must be made within five working days of us notifying you of your account number, with a maximum balance (excluding interest) of £3m.
• We reserve the right to close the account if the balance is not maintained above £10,000.
• You may not deposit more than £10m in total across all the accounts you hold with Cambridge & Counties Bank.
• Any deposits must come from the organisation’s nominated current account with a UK based Bank or Building Society by transfer or cheque.
• It’s easy to apply using our application form which is available on our website, or you can call us on 0344 225 3939 and we can send you one
• We accept applications from academy schools (SAT and MAT), charitable companies (limited by guarantee), limited companies and sole traders who are based/incorporated in the UK and where they and any related entities (including parent companies, directors, controllers, shareholders, beneficiaries* or trustees) are liable to pay tax in the UK only and are 18 years old or over.
• We are not able to offer accounts to persons who may be liable to pay tax in other jurisdictions or pension schemes.
* Please note that this refers to owner beneficiaries of the charity as a legal entity/business, rather than beneficiaries in terms of individuals a charity supports through their philanthropic endeavours.
Account Management
• You can manage the account via our online savings service at ccbank.co.uk/online-savings-service by phone or by post.
• You can make additional deposits into your account on any working day, provided the account remains open for deposits. You will find details of when accounts are open for additional deposits on our website at ccbank.co.uk/addingfunds or by calling us. We will provide seven days’ notice of any change on our website. See terms & conditions, Section 5.12 for more details.
Contact
• To contact us about the account, email [email protected], use our online savings service at ccbank.co.uk/online-savings-service or call our UK-based team on 0344 225 3939, who will be available to take your calls between 9am-5pm Monday to Friday, excluding Bank Holidays
Can I withdraw money?
• If you would like to make a withdrawal, you will need to give us 95 days’ notice through the online savings service, by phone, or complete a notice to withdraw form which is available at ccbank.co.uk/savingshelp and return this to us by post or email.
• Once the notice period has expired, we’ll transfer the agreed funds to your nominated current account and they will arrive no later than the following working day. Interest will continue to accrue on the balance during the notice period up to and including the day prior to the day we transfer the agreed funds to your nominated account.
• You may also transfer funds to other Notice Business Savings accounts with Cambridge & Counties Bank. If you wish to do so, please contact us.
Additional information
• The account terms & conditions contains the important information regarding this account. This document can be found on our website, ccbank.co.uk/noticet&cs
• AER (Annual Equivalent Rate) illustrates what the interest rate would be if the interest is paid and compounded once each year.
• Interest is paid gross. It is your responsibility to pay any tax that may be owed to HMRC.
• If you are a micro-enterprise which is a business which employs fewer than 10 people and has a turnover or annual balance sheet of no more than €2 million (or its equivalent) or are a charity with an annual income of less than £1m, you can close your account at any point within the first 14 days of the day you receive a copy of your terms & conditions, without penalty.
Apply
Please select the appropriate application form below for your organisation type:
We will be happy to help you select the correct application form, simply call 0344 225 3939.
Please send the completed form to:
Savings Account Opening
Cambridge & Counties Bank
Charnwood Court
5B New Walk
Leicester
LE1 6TE
We may need to ask you for additional information to open your account. If we do, we will contact you once we’ve reviewed your application.
You do not need to send any identification documents with your application at this stage as we use an electronic identification process. If we are unable to verify the identity of any of the account parties, we will be in touch to confirm the additional documents we need.
Download application formBefore you proceed please note:
- You can find a summary of the information required to complete your application here.
- If there are more than 20 individuals related to the application, please contact us on 0344 225 3939.
- You can save and return to the application.
- The application must be completed and submitted within 28 days of initiation.
- At the end of the application process there will be a requirement for the account authoriser to sign an online attestation authorising the application for the opening of this account.