| If you know that your business will not need instant access to your surplus funds, then why not consider our Business Term Deposits. With a wide selection of terms available - from one week to five years - and attractive tiered interest rates, you can select the most appropriate term for your business.
Save more, earn more
Northern Bank’s Business Term Deposits offer tiered interest rates linked to the money market, so the more you invest, the more you earn.
You may invest any amount, from a minimum of £5,000, for a variety of terms. The amount, term and interest rate are fixed at the time of deposit, so you know exactly what interest you will receive for the entire period.
Withdrawal option
Although your funds are invested for a fixed period, you can gain access to them if you need to. Withdrawals are subject to an early repayment charge to cover the costs of breaking the agreement.*
Business Term Deposits are suitable for most businesses with surplus funds to invest, including companies, partnerships, sole traders, clubs and associations.
* Withdrawals can normally be made only on the maturity date. In special circumstances, you may apply to close the account (or make a withdrawal from the Business Term Deposit Account) before the maturity date. An early withdrawal charge is payable in the event of early withdrawal or closure. Details can be found in our Fees and Charges Explained brochure. | | |