Business Fixed Term Savings Accounts
Enjoy fixed returns on your business deposits with our Business Fixed Term Savings Accounts. Choose from 6 months and 1 year to put your money away for a fixed term. Our business fixed term savings accounts are specifically designed for businesses registered in USA.
Business Fixed Term Savings Account Features
- Choose from 6 months, 1 year or 2 years to earn fixed interest rates on your deposits.
- Funds are locked in until the business fixed term deposit matures.
- Interest is calculated daily at the applicable interest rate; paid to your account balance at the end of the fixed term.
- Interest is paid gross which means that the rate of interest is payable before any tax is taken off.
- Manage your account via Telephone and Online Banking.
- Support from our USA based Customer Experience Team.
Please Note: If you think you would need access to your savings before the fixed term ends, this is probably not the right savings account for you. Please see our other Business Savings Accounts for more flexible options.
We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if we as a Bank fail to meet our financial obligations. In general, all retail depositors and businesses are covered by Deposit Guarantee Schemes. Exceptions for certain deposits are stated on the website for the Financial Services Compensation Scheme.
Ready to Apply?
Why open a Business Fixed Term Savings Account?
- Guaranteed return with a fixed interest rate during your chosen term.
- Suitable for businesses that do not need immediate access to their funds.
- Ideal for businesses with a lump sum deposit of up to $2 million.
Please Note: Sterringsafe Trust uses your personal information to confirm your identity and assess your application when you apply for an account with us. We will only collect, process and store information about you in accordance with our Privacy Notice. For more details, please read our Privacy Notice.
Summary Sheet
What is the Applicable interest rate?
Can Sterringsafe Trust change the Applicable Interest Rate?
No, the Applicable Interest Rate is fixed. It will not change until the account matures at the end of your fixed term.
What would the estimated balance be at the end of the fixed term, based on a $1,000 deposit?
*This calculation is for illustration purposes only.
How do I open and manage an account?
You can apply by downloading an application form from our website. Please complete the form, and then email or post it to us.
You can manage your account online via our digital banking portal or by telephoning our Customer Experience Team on 0207 395 5400.
Can I withdraw my money?
No, you cannot withdraw money from your account during the Fixed Term.
Rates and information correct at 01/05/2025.
Definitions
Explained
*AER
AER stands for Annual Equivalent
Rate. It illustrates what your interest rate would be if interest was paid and compounded each year
and allows you to easily compare different savings accounts. As every advertisement for a savings
product, which quotes an interest rate, will contain an AER you will be able to compare more easily
what return you can expect from your savings over time.
Frequently Asked Questions
A business fixed-term savings account allows companies to lock away money for a fixed term, earning a fixed interest rate. It’s ideal for businesses looking to earn a higher return on their deposits, and do not wish to access their funds during the term.
Our Business Fixed Term Savings Accounts are available to businesses registered in England or Scotland.
To open a business savings account, you will need to submit the following list of documents by email or post.
- Completed savings application form.
- Personal details form for all authorised signatories and directors of the business.
- Additional documents to support your application.
Please contact our Customer Experience Team on +1 203-680-0510to get more details on the documents to be submitted.
No, we do not allow early closures for fixed term savings accounts. The account will mature at the end of the fixed term, after which it is automatically converted into an instant access savings account.
Ready to Apply?
Explore our other Business Savings Accounts
Need Help?
For further assistance, please reach out to our Customer Experience Team on +1 203-680-0510 or email us at [email protected].
