Business Savings Account
Earn 3.00% APY (Variable)
- Available as single or joint account
- Suitable for Sole Proprietors, Limited Liability Partnerships, Trusts, and Limited Companies
- Interest credited twice a year
Key Product Information
Flexible business savings with instant access to funds and no restrictions on deposits or withdrawals.
Perfect for managing cash flow, our Business Savings Account is designed to boost your business’s financial flexibility. Grow your savings with competitive interest rates while maintaining instant access to your funds.
Benefits
Keeping your business savings separate from your current account
You want instant access to your deposits
Limitations
ou need to make payments from the Account
Product Summary
Interest Rate (APY/Gross) 3.00%
Interest is calculated daily and credited twice a year in June and December into your Business Savings Account.
Yes.
As this account pays a variable rate of interest, the rate can change over time. For example we might review the interest rate if the The Federal Reserve System bank rate changes. We’ll always let you know of any planned changes to the rate.
A deposit of $40,000 will generate an estimated balance of $41,200.00
This estimate is for illustrative purposes only and do not take into account individual circumstances.
Assumptions taken for above calculations;
- No change in the amount (no deposits, no withdrawals)
- No change to the variable interest rates
You must be;
- Aged 18 or over
- Have proof of identity
- There is no minimum or maximum balance
Charity Accounts
At present time, UEB does not offer Charity Bank Accounts.
Lending Secured on Scottish Residential Property
UEB no longer provides lending facilities against residential properties in Scotland.
This account can be held in single or joint names.
Some business transactions will incur a fee, the fees attributed to this Account can be found in the Business Banking Schedule of Charges
The Account can be opened by Sole Proprietors, Limited Liability Partnerships, Trusts and Limited Companies.