Business Easy Access Tracker Issue 5

• The rate of interest is guaranteed to track 0.25% below the Bank of England Base Rate until 31st July 2028. To monitor the Bank of England Base Rate visit bankofengland.co.uk.
• There is a ceiling rate on this account of 3.75%. This is the maximum interest rate we will pay, no matter what the Bank of England base rate may be.
• The minimum interest rate is 0.00%. This means that we may pay you no interest dependent on your account balance and the defined margin below Bank of England base rate at that time.
• If the balance falls below £20,000, the interest payable will be at a rate of 1.35% Gross pa/AER.
• Interest is calculated daily and paid annually at 31st December into this account or a nominated account as stated on your application form. You can also choose to have your interest paid monthly into a nominated account.

• Yes. The interest rate is variable, so it can go up or down dependent on the Bank of England base rate.
• If the Bank of England Base Rate changes, the new interest rate on your account will apply without notice, on the 1st of the following month after the change.

The estimated balance after 12 months based on a deposit of £20,000 would be £20,700.

This estimation assumes that:
 - £20,000 is deposited on opening the account.
 - No additional deposits or withdrawals are made.
 - Interest is paid annually and added to the account.
 - The Bank of England base rate as at 18 December 2025 remains unchanged at 3.75% during the 12 month period.

This projection is provided for illustrative purposes only and does not take into account your individual circumstances.

• This account can be opened online, in branch or by post.
• The account is only available to UK businesses.
• You can open the account with a minimum investment of £20,000 and you can save up to a maximum of £750,000.
• The initial deposit must be by cheque in the business’s name or by transfer from the business’s nominated bank account stated on the application form. The account may not be opened with cash.
• The nominated bank account must be in a UK bank. We do not accept transfers from overseas.
• You can manage your account online, by post or in branch.

• Yes, you can take your money out whenever you need to.
• You can withdraw in cash at our branch, or by cheque, or bank transfer to your nominated account.
• Cash withdrawals are strictly limited and you cannot take out more than £500 at any one time.
• We do not permit bank transfers to third parties.
• Cheque withdrawals to third parties may require management approval.
• Withdrawal requests to your nominated account can also be made in writing via post.
• All withdrawals are subject to our daily limits which are outlined in our General Savings Terms and Conditions.
• At the end of the term (31st July 2028), which is also known as ‘maturity’, unless you tell us otherwise, your account will automatically transfer into a Company No Notice account which has a variable rate of interest and doesn’t track the Bank of England Base Rate.

• Gross rate is the rate of interest payable before the deduction of tax. We will pay interest at the gross rate.
• You may need to pay tax on any interest that exceeds your Personal Savings Allowance. For more information please contact HMRC.
• AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.
• We have no current plans to withdraw this product although it can be withdrawn without notice.