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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 i Min/Max amount i Withdrawals i
£1 - £250,000
£250,000+
0.05%
0.00%
Variable £1 - £1,500,000 Yes - 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 and Agencies

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 0.05% 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.

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 on page six of the General Terms and Conditions leaflet.

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 £1000.50
  • 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 Equifax search facility. 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.
  • Minimum operating balance £1.
  • Maximum balance £1,500,000.00.
  • 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.
  • All withdrawals will be made direct to the designated UK bank account, which has been set up in the same name as the Bath Building Society 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 pre-nominated email address.
  • A maximum of 2 withdrawals per calendar month are permitted.

Additional information

  • This account is a savings account and must not be used for multiple monthly transactions like a current account. It is not a Payment Account for the purposes of the Payment Services Regulations 2017.
  • The Society reserves the right to restrict the availability of new individual accounts at any time.

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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Call us

01225 330014

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Download an application form

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