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Business Instant

Save without limiting your cashflow and with the reassurance that funds are available when you need them. Find out more below.

Interest rate
(AER) i
Variable/Fixed iMin/Max amount iWithdrawals i
£1 - £250,000
From July 01, 2022
Variable£1 - £1,500,000Yes - up to a maximum of 2 per calendar month

Suitable for savers who:

  • are sole traders, partnerships or incorporated organisations
  • want instant access to their funds
  • do not want to make regular transactions
  • want to manage the account online, by phone or in our Branches

Not for savers who:

  • want to make more than two withdrawals a month
  • want a higher rate of interest and can lock their money away for longer
  • want a fixed interest rate

Summary Box

Key Product Information

What is the interest rate?

  • £1-£250,000 0.30% AER.
  • £250,000+ 0.00% AER.
  • From July 01, 2022
  • £1-£250,000 0.40% AER.
  • £250,000+ 0.00% AER.
  • Interest is calculated on a daily basis and will be credited to the account on 31st December annually.
  • Interest can be transferred into another Bath Building Society account, or paid by faster payment into a nominated account if preferred.
  • *AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

Can Bath Building Society change the interest rate?

  • The interest rate is variable, which means we may change it to respond to changes in the Bank of England base rate or changes in law, to meet relevant regulatory requirements, or to respond to changes to codes of practice or changes in our costs.
  • We will give you 30 days’ notice in writing before any reduction to the rate is applied.
  • Full details of the reasons why we may change your interest rate can be found in the Welcome to your Bath Building Society Account brochure.

What would the estimated balance be after 12 months based on a £1,000 deposit?

  • Based on the current rate of interest, if you deposit £1000 into this account, after 12 months you would have £1003.
  • This figure is only an estimate, based on there being no additional deposits, withdrawals or rate changes in that time with all interest being added to your account. This figure is for illustrative purposes only.

How do I open and manage my account?

  • To open an account, simply download an application form (below). Also available from any Branch or Agency, or by contacting our customer service team.
  • Identification will be required for all signatories. This is usually obtained through our electronic identity verification service. However, if this proves inconclusive, here’s some popular ways to verify your ID.
  • For incorporated businesses, a copy of the Certificate of Incorporation will be required.
  • For partnerships where there are more partners than named signatories on the account, a letter will be required, signed on behalf of the firm, advising the names of the signatories, and the number required to operate the account. This letter must be signed by a partner who is NOT one of the named signatories.
  • An initial deposit of at least £1 is required to open the account, payable in the name of the account title. This and future deposits can be paid by cheque from a UK bank or building society in the name of the business, or by electronic transfer.
  • A maximum of 5 deposits per calendar month and no more than £5,000 cash and 5 cheques per transaction.
  • Minimum operating balance £1.
  • Maximum balance £1,500,000.
  • A passbook is available on request and will be required if you would like to carry out transactions in any of our Branches and Agencies.
  • You can also manage all the accounts you hold with Bath Building Society by registering for Bath Online.

Can I withdraw money?

  • Funds are available on request and without penalty.
  • Withdrawals can be made direct to a designated UK bank account by next day faster payment.
  • Withdrawals by cheque can also be requested in any of our Branches and Agencies.
  • Signed requests should be posted to the Society’s Head Office. Alternatively, we will accept instructions from a prenominated email address.

Additional information

  • Applicants are asked to confirm that they have read the FSCS Information and Exclusions sheet.
  • This is a summary of the key features of the account. You should read the Welcome to your Bath Building Society Account brochure to ensure you fully understand how your account works.
  • This is a Savings account and should be operated as such. We reserve the right to close your account if it is used solely for the receipt and then withdrawal of funds received from a third party.
  • We reserve the right to close an account where a customer behaves inappropriately when using our services. For example, where a customer has used abusive language.

Important information before you apply

Before you apply please read our terms and conditions document and FSCS information sheet alongside the key product information above to understand how this account works.

Open account / find out more

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01225 330014

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