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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 31 days’ notice.

Facts

We accept applications for this savings account 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 or any related entities and its owners/controllers, trustees and beneficiaries* are liable to pay tax in the UK only and all individuals named on the account are 18 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.

4.05% gross/AER variable


Invest between £10k & £3m


31 days’ notice to withdraw your funds


No early withdrawals

Key features

image for Speak directly to our UK team

Speak directly to our UK team


image for Simple application process

Simple application process


image for We accept applications from:

We accept applications from:

Academy schools (SAT and MAT),
charitable companies (limited by guarantee),
limited companies,
and sole traders

Summary box

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Click here to print the summary document

Account name

31 day business notice account issue 7

What is the interest rate?

Where the balance on the account is £10k or more, the interest rate will be 4.05% gross/AER (monthly 3.977%) variable.

Where the balance on the account is below £10k, the interest rate will be 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, this means Cambridge & Counties Bank can change the interest rate on the account. See Terms & Conditions, Section 16 for more details.

What would the estimated balance be after 12 months based on a £10,000 deposit?

 £10,405.00 after 12 months.

This figure is based on a £10,000 deposit, with no additional deposits or withdrawals being made, interest rates remaining the same and all conditions of the account being met. The projection is provided for illustrative purposes only and does not take into account individual circumstances.

How do I open and manage my account?

Open

  • A minimum initial deposit of £10k must be made, with a maximum balance (excluding interest) of £3m (£10m per entity overall with Cambridge & Counties Bank).
  • The deposit must come from the organisations nominated current account from a UK based Bank or Building Society by transfer or cheque.
  • We accept applications for this savings account 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 or any related entities and its owners/controllers, trustees and beneficiaries* are liable to pay tax in the UK only and all individuals named on the account are 18 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.

Manage

  • You can manage the account via our online savings service, by phone or by post.
  • You can find details about when your account is open/closed for additional funds at www.ccbank.co.uk/addingfunds. See Terms & Conditions, Section 7.4 for more details.

Contact

  • To contact us about the account, email [email protected], use our 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 31 days’ notice through the online savings service, by email, phone, or post.

Once the notice period has expired, we’ll transfer the agreed funds to your nominated current account and they will appear on the following working day. You may also transfer funds to other Notice Business Savings accounts with Cambridge & Counties Bank, should 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
  • If you are a charity or micro-enterprise with an annual income of less than £1m, if you then change your mind, you will have 14 calendar days from the opening of your account to ask for the account to be closed.
  • AER (Annual Equivalent Rate) illustrates what the interest rate would be if the interest was paid and compounded once each year.
  • Interest is paid gross. It is your responsibility to pay any tax that may be owed to HMRC.

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 form

Before 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, you will be presented with a Declaration & Signature sheet to sign and return along with proof of your nominated account.
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