Account name 

Business 18 Month Fixed Rate Account

What is the interest rate?

Interest is calculated daily.

You can choose to have your interest paid monthly or annually:

• If you choose to have your interest paid monthly, interest will be paid on the same date each month that you first paid money into your Account.
• If you choose to have your interest paid annually, interest will be paid on the anniversary of the date you first paid money into your Account.

You can choose to have your interest paid into your Recognise Business 18 Month Fixed Rate Account or your Nominated UK Business Bank Account.

Apply now

No, the interest rate is fixed for 18 months (the Term) from the date your initial deposit is paid into your account.

• Minimum: £1,000
• Maximum for Limited Companies and LLPs: £250,000
• Maximum for all other eligible businesses: £85,000

A fixed rate savings account provides a set interest rate when it matures.

Businesses that use fixed rate savings accounts cannot access the money they deposit before the term ends.

Businesses cannot withdraw money from a fixed savings account. Money must remain invested until maturity in accordance with the product terms and conditions.

However, if you require urgent access to your funds or if there is an exceptional circumstance please contact us to discuss your options.

Locking your business’s money away for a set period can have significant benefits. Here’s a rundown:

Better Planning
Businesses that know how much interest they will earn on their savings can plan future years’ cash flow better.

Protection against interest rate fluctuations
Fixed-term savings accounts offer businesses full protection against interest rate fluctuations, preventing lower rates from eating into returns.

More competitive rates
Locking money away for a pre-agreed period allows businesses to access more competitive, higher rates.

Opening and managing an account is easy with Recognise Bank. Simply apply online or call a member of our team for advice on how to get started.

1. Click apply now
2. Follow the onscreen instructions and provide us with some details about your business and existing UK account information.
3. Make your first deposit within 14 days
4. That’s it! Watch your business savings grow.

The calculation assumes that:

• Your initial deposit is paid into the account on the day it is opened.
• It is not a leap year.
• No further deposits or withdrawals are made during the 18 month period.
• The interest rate does not vary during the 18 month period.
  
  

The calculation is for illustrative purposes only and does not consider your individual circumstances.