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2 Year Business Fixed Rate Savings Account - Sole%20Trader

Eligibility criteria

Our business savings accounts have been created for small and medium-sized UK based businesses that have:

  • Fewer than 250 employees
  • A total balance sheet of less than £36.5m or a turnover of less than £42.5m
  • All owners, directors, senior management and account signatories over 18 years old
This account isn't designed for:
  • UK pension schemes
  • UK public authorities
  • Charities, church bodies, places of worship
  • Trusts and foundations
  • Clubs and societies

It's also not suitable for businesses that:

  • Operate within sanctioned countries - Iran, Syria, North Korea or Crimea (Ukrainian territory)
  • Have an ownership structure with more than three tiers.
  • Have bearer shares within their ownership structure.
  • Are looking to use the account for money held or received for a client (often known as Client Accounts).
  • Are a Relevant Financial Institution under ring-fencing rules.
  • Are a shell bank, unlicensed bank or consumer credit agency or Scottish Limited Partnership.
  • Undertake money services business as a primary or secondary business activity.
  • Facilitate human trafficking.
  • Are known or suspected of money laundering or tax evasion
Back I agree the business is eligible