The 35 Day Business Savings Account

Redwood Bank's perfectly balanced 35 day business savings account offers a guaranteed savings rate with access to your money in just 35 days.

At a glance...

  • Pay in from £10,000 up to £1m
  • Pay funds through a nominated business current account
  • Access for up to 4 authorised users
  • Click for more information.

Length of term

Amount of notice

AER variable

Term
Annual
Amount of notice
35 days
AER variable
1.00%
Term
Monthly
Amount of notice
35 days
AER variable
1.00%
  • Account summary
  • Terms and important documents
  • Business savings, balanced

    If you don't need instant access to your business cash you can make it work harder for you by securing it away at just 35 days' notice. 

    You'll earn a rewarding rate while being able to make as many deposits and withdrawals as you need. 

    • Competitive 1.00% AER variable rate
    • Minimum balance of £10,000
    • Maximum balance of £1m
    • Pay in and out through a nominated current account
    • Make unlimited top-ups (up to £1m limit)
                         
    • Unlimited number of withdrawals with 35 days' notice only
    • Cancel in the first two weeks if it is not right for you
    • Apply online now in around 15 minutes.
     

    We like to be absolutely up front so here are some important things to be aware of:

    • You need to give us at least 35 days' notice if you would like to make a withdrawal, so this account may not be right for you if you think you will need access to your money sooner.
    • This account is perfect for, and only available to, sole traders, limited companies, partnerships, LLPs, charities, clubs, associations and societies.
    • You will need to use one nominated current account to make all payments in and out.
    • This is a variable rate account and we will give you notice in line with our terms and conditions if we change your rate.
    • Use the tabs above or click to read our Business savings account terms and conditions and the Key features & summary box document for this account.


    Prefer to apply by post?  

    Print our application form yourself and send it to us in the post.   
    Download application form

  • These documents form your agreement us and explain how to use your account.
    Please take the time to read them carefully before applying for your account:
    Business savings account terms and conditions
    Download

    Key Features & Summary Box for 35 Day Notice Account
    Download

    FSCS deposit scheme information sheet
    Download
How do I open a business savings account?

You can apply online from our website, or by post. To apply by post please complete our Business Savings Account application form here. If you have any further questions, get in touch on 0330 053 6067 or email hello@redwoodbank.co.uk.

What types of organisation can open a savings account?

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.

How many authorised users can I have on one account?

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 hello@redwoodbank.co.uk.

What checks do you do when assessing the application?

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.

What is a nominated account?

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.