Fixed term deposit accounts

Earn our highest amount of business savings interest if you’re able to put away your money for 6 months or 1 year

Our Business Fixed Rate Saver accounts are for businesses and organisations that:

  • employ up to 250 people
  • have a turnover or assets of up to £45 million

For more details on eligibility, view our faqs.

With our Business Fixed Rate Saver account, you can:

  • earn up to 0.75% gross p.a/AER (fixed)
  • choose from a 6 month or 1 year term
  • make a single deposit of between £10,000 and £10 million - no withdrawals or early closure are allowed during the fixed rate period
  • earn interest, which will be added to your balance when the fixed term ends and your account matures
  • manage your account by post, fax or a signed PDF instruction attached to an email

For help on how to use your account, please visit our Using your account page.

Interest rates for our Business Fixed Rate Saver account

Business 6 month Fixed Rate Saver
Business 1 year Fixed Rate Saver
0.55% AER
0.55% gross p.a.
0.75% AER
0.75% gross p.a.

Effective from 9 June 2017

Rates are fixed. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. Gross p.a. is the interest rate without tax deducted. Interest is paid when the fixed term ends and your account matures.


This summary box sets out the key features of the savings account. For full details, please read our Business Saving Accounts Terms and Conditions before you apply. From 13 January 2018, these will be replaced by new Business Savings General Terms and Conditions and Business 6 Month Saver Account Specific Terms and/or Business 1 Year Saver Account Specific Terms, please also read these. By completing your application, you agree to be bound by both sets of terms and conditions.

Summary box
Account name Business Saver Fixed Rate Accounts
What is the interest rate? Term Interest rate
gross p.a./AER (fixed)
6 Month Saver 0.55%
1 Year Saver 0.75%
Interest is calculated daily and will be added to the balance and paid upon maturity of the account.
Can Nationwide change the interest rate? No, the interest rate on this account is fixed for the term and cannot be changed.
What would the estimated balance be at the end of the fixed term based on a £10,000 deposit? This shows the balance on an initial deposit of £10,000 for the fixed term of the product on either 6 months or 1 year as selected.
Term Interest rate gross p.a./AER (fixed) Balance at end of term with interest
6 Month Saver 0.55% £10,027.50
1 Year Saver 0.75% £10,075.00
This projection is provided for illustrative purposes only, it assumes that:
  • Interest is paid into the account, and
  • The account is not closed during the fixed term.
How do I open and manage my account? To open this account you must be a:
a) Privately or publicly owned limited company incorporated in the UK;
b) Charity registered in the UK;
c) Unincorporated body (e.g. Club, Parish Council) based in the UK;
d) UK sole trader/partnership; or an
e) Personal and corporate trustees of express trusts created in the UK.
AND
  • Employ up to 250 employees.
  • Have an annual turnover or assets of up to £45 million.
  • Are not listed under our ineligible companies found on our faqs.
NB. You will need to set up an existing UK based business account as your nominated account. This account must be in the name of your business and able to receive CHAPS payments.

You can open this account:
  • Online by visiting our business savings accounts page.
  • By requesting an application to be sent via post or email using the contact details via the above website.
  • You'll need at least £10,000 to open your account.
  • You can open several Business Saver Fixed Rate Accounts as long as your combined balance across all your Business Savings accounts does not exceed £10,000,000.
Please note: This is a lump sum account so you can’t add more money to the account once your initial deposit has been received and the term has started.

You can manage your account:
  • By Post, Fax or signed PDF instruction attached to an email.
Can I withdraw money? No, withdrawals and further deposits are not allowed for the duration of the term of the account.

What happens on maturity of the account?
You will receive an options form to provide instruction of what you wish to do upon maturity (withdraw to your nominated account or save in another Business Saver account).

If we don’t hear from you when your Business Saver Fixed Rate account matures your account will be moved into a Maturity Reserve Account until we receive your instruction. We will contact you with more information before your account matures.
Additional information Interest rate definitions explained
  • AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
  • Gross p.a. is the interest rate without tax deducted.
The tax information provided is based on our understanding of current law and HM Revenue & Customs practice, both of which may change.

The interest rates and information in this summary box are correct as at 25 August 2017.
Download our Business Saver Fixed Rate accounts summary box
FSCS logo

Financial Services Compensation Scheme

Protecting your money

Find out more
Historic rates and historic summary boxes

If you'd like to view rates for older products, please visit our Business Savings Historic Rates page.

If you'd like to view the summary for older products, please visit our Business Savings Historic Summary Boxes page.

Use of information

For details on how we use your information, please read our Use of information statement.

Apply online for a Business Savings account