Bank of England Base Rate Change: Information for customers here
Balance your business savings
Our business mortgages
Support for our partners
A little bit about us
Secure your business savings for one year and gain access to our top rate of interest.
Don't forget to read our Key features & summary box and Business savings bond terms and conditions documents.
If you don't need access to your business cash for at least one year, you can earn a guaranteed rate of interest by securing it away for the fixed period.
Your eligible deposits with Redwood Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered. Please click here for further information, or visit www.fscs.org.uk.
Information and rates for our business savings accounts, including those no longer available.
Our notice accounts offer shorter notice periods and may be better suited to your needs.
Print our application form yourself and send it to us in the post.
You can apply online from our website, or by post. To apply by post, please complete our application form below:
1 Year Bond Business Savings Account application form here.
If you have any further questions, get in touch on 0330 053 6067 or email [email protected].
You can open a savings account if you are a sole trader, limited company, partnership, limited liability partnership, club, society, association or charity. Companies and shareholding companies must be UK registered. All beneficial owners and authorised users must be UK residents.
You can add up to four authorised users on your savings account. Any additional authorised users will need to be requested directly with us on 0330 053 6067 or [email protected].
We have a responsibility to know our customers, so we will need to check the registered address of your organisation, as well as verifying the identity of all key individuals and organisations on the account (e.g. Partners, Directors, Members, Authorised Users, Beneficial Owners etc). We do this by checking various electronic databases. If we are unable to verify your organisation or the individuals involved in its management or operation, we may ask you to supply us with some identity documents by post. We will not be able to open your account until we have successfully verified your details.
When you apply for your business savings account we will ask you for the details of the business current account that you will use to pay into, and out of, your Redwood Bank savings account. We will make all payments through this account. Please get in touch directly or click to download and complete this form if you wish to change your nominated account.