Business 6 Month Fixed Rate Account – Earn 4.10% AER
Opening an account is easy. Here's what to expect:
Simple set up
Easily open an account in minutes and manage your savings anytime, anywhere online.
Guaranteed interest rate
Key information about this account
Business 6 Month Fixed Rate Account
What is the interest rate?
|Annual Interest||Monthly Interest|
Interest is calculated daily.
You can choose to have your interest paid monthly or annually:
- If you choose to have your interest paid monthly, interest will be paid on the same date each month that you first paid money into your Account.
- If you choose to have your interest paid annually, interest will be paid on the anniversary of the date you first paid money into your Account.
You can choose to have your interest paid into your Recognise Business 6 Month Fixed Rate Account or your Nominated UK Business Bank Account.
- Minimum: £1,000
- Maximum for Limited Companies and LLPs: £250,000
- Maximum for all other eligible businesses: £85,000
A fixed rate savings account provides a set interest rate when it matures.
Businesses that use fixed rate savings accounts cannot access the money they deposit before the term ends.
Locking your business’s money away for a set period can have significant benefits. Here’s a rundown:
Businesses that know how much interest they will earn on their savings can plan future years’ cash flow better.
Protection against interest rate fluctuations
Fixed-term savings accounts offer businesses full protection against interest rate fluctuations, preventing lower rates from eating into returns.
More competitive rates
Locking money away for a pre-agreed period allows businesses to access more competitive, higher rates.
Opening and managing an account is easy with Recognise Bank. Simply apply online or call a member of our team for advice on how to get started.
- Click open now
- Follow the onscreen instructions and provide us with some details about your business and existing UK account information.
- Make your first deposit within 14 days
- That’s it! Watch your business savings grow.
|Annual Interest||Monthly Interest|
|Initial Deposit||Interest Earned||Balance after 6 months||Interest Earned||Balance after 6 months|
The projection assumes that:
- Your Initial Deposit is paid into the Account when it is opened
- It is not a leap year
- No further deposits or withdrawals are made during the 6 month period
- The interest rate does not vary during the 6 month period
The calculation is for illustrative purposes only and does not consider your individual circumstances.
Check that you meet our criteria:
Recognise your potential
We believe business shouldn’t be held back by a bank.
That’s why we’ve made it our mission to create a fully licensed digital bank which puts relationships first.
We work with businesses not against them. And we aim to be as flexible as possible with all of our offerings and services, no matter what your business needs. It’s why our customers, brokers and partners love working with us.
Explore our range of award winning savings accounts, business loans, and specialist mortgages today and let us help your business thrive.
Frequently asked questions
When you deposit money into a savings account, your bank will pay interest into your chosen account either monthly or annually.
The amount of much interest you earn depends on the type of savings account and in accordance with the terms and conditions.
Fixed interest rates – will not change for the duration of your account term and will not be affected by the Bank of England Base Rate.
Variable interest rates – the interest is not set and can go up and down, often influenced by the Bank of England Base Rate.
Interest is calculated on a 365 day year basis and in a leap year we add an extra day of interest on the 29 February, which is included in the next interest payment made to your account following that date.
Interest rates applicable to your respective Recognise business savings account type can be found within the Summary Box.
Yes, you are permitted to have more than one fixed rate savings account.
Our business savings accounts are protected up to a total of £85,000 per eligible deposit by the financial services compensation scheme (FSCS). For further details, please visit www.fscs.org.uk.
We’ll get in touch a minimum of 21 calendar days before maturity date of your account to let you know what your options are and we’ll send you another reminder around 14 calendar days before the maturity date of your account.
At the conclusion of your fixed savings account term, if you decide against renewal or if renewal isn’t an option, your principal and any accumulated interest or earnings will be transferred into your nominated UK bank account.
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