Business Savings

We offer a range of variable and fixed rate savings accounts for business customers. With a range of rates for different balances and terms select the account that you're interested in. Please not business accounts cannot be opened online.


100 Day Deposit Account

Variable rate accounts allow you to earn interest on your business savings. Rates vary based on the balance in the account. Please note that rates can change on a daily basis. Please call us for current rates.

Annual Interest
Monthly Interest
Amount
Gross Rate* - interest paid annually
AER†
Gross Rate* - interest paid monthly
AER†
Product £100,000+
Gross Rate* - interest paid annually 1.00%
AER† 1.00%
Gross Rate* - interest paid monthly 1.00%
AER† 1.00%
Product £50,000+
Gross Rate* - interest paid annually 1.00%
AER† 1.00%
Gross Rate* - interest paid monthly 1.00%
AER† 1.00%
Product £10,000+
Gross Rate* - interest paid annually 1.00%
AER† 1.00%
Gross Rate* - interest paid monthly 1.00%
AER† 1.00%
Product £5,000+
Gross Rate* - interest paid annually 0.20%
AER† 0.20%
Gross Rate* - interest paid monthly 0.20%
AER† 0.20%
Product £1,000+
Gross Rate* - interest paid annually 0.15%
AER† 0.15%
Gross Rate* - interest paid monthly 0.15%
AER† 0.15%
Product Below £1,000
Gross Rate* - interest paid annually n/a
AER† n/a
Gross Rate* - interest paid monthly n/a
AER† n/a

No Notice Business Deposit Account

Amount
Gross Rate* - interest paid annually
AER†
Notice
Product £50,000+
Gross Rate* - interest paid annually 0.10%
AER† 0.10%
Notice Period No Notice
Product £10,000+
Gross Rate* - interest paid annually 0.10%
AER† 0.10%
Notice Period No Notice
Product £5,000+
Gross Rate* - interest paid annually 0.10%
AER† 0.10%
Notice Period No Notice
Product £1,000+
Gross Rate* - interest paid annually 0.10%
AER† 0.10%
Notice Period No Notice
Product Below £1,000
Gross Rate* - interest paid annually n/a
AER† n/a
Notice Period No Notice

1 Month Notice Business Account

Amount
Gross Rate* - interest paid annually
AER†
Notice
Product £100,000+
Gross Rate* - interest paid annually 0.25%
AER† 0.25%
Notice Period 1 Month
Product £50,000+
Gross Rate* - interest paid annually 0.25%
AER† 0.25%
Notice Period 1 Month
Product £10,000+
Gross Rate* - interest paid annually 0.25%
AER† 0.25%
Notice Period 1 Month
Product £5,000+
Gross Rate* - interest paid annually 0.25%
AER† 0.25%
Notice Period 1 Month
Product £1,000+
Gross Rate* - interest paid annually 0.15%
AER† 0.15%
Notice Period 1 Month
Product Below £1,000
Gross Rate* - interest paid annually n/a
AER† n/a
Notice Period No Notice

Short Term Fixed Deposit Account

Hodge Bank offers fixed rate, fixed term deposits for any period from one week to twelve months. Rates are taken daily from the London money markets, so please call us for current rates.

Annual Interest
Monthly Interest
Term
Amount
Gross Rate* - interest paid annually
AER†
Gross Rate* - interest paid monthly
AER†
Term 1 Month
Product £250,000+
Gross Rate* - interest paid annually 0.69%
AER† 0.69%
Gross Rate* - interest paid monthly n/a
AER† 0.00%
Term 1 Month
Product £1,000+
Gross Rate* - interest paid annually 0.59%
AER† 0.59%
Gross Rate* - interest paid monthly n/a
AER† 0.00%
Term 3 Months
Product £250,000+
Gross Rate* - interest paid annually 0.77%
AER† 0.77%
Gross Rate* - interest paid monthly n/a
AER† 0.00%
Term 3 Months
Product £1,000+
Gross Rate* - interest paid annually 0.67%
AER† 0.67%
Gross Rate* - interest paid monthly n/a
AER† 0.00%
Term 6 Months
Product £250,000+
Gross Rate* - interest paid annually 0.84%
AER† 0.84%
Gross Rate* - interest paid monthly n/a
AER† 0.00%
Term 6 Months
Product £1,000+
Gross Rate* - interest paid annually 0.74%
AER† 0.74%
Gross Rate* - interest paid monthly n/a
AER† 0.00%

Fixed Term Deposit Account

Annual Interest
Monthly Interest
Product
Term
Gross Rate* - interest paid annually
AER†
Gross Rate* - interest paid monthly
AER†
Product 1 Year Fixed Rate Account/Bond
Term 1 Year
Gross Rate* - interest paid annually 1.10%
AER† 1.10%
Gross Rate* - interest paid monthly 1.09%
AER† 1.10%

Glossary of Terms

*Gross
Is the contractual rate of interest payable before the deducation of income tax at the rate specified by law. The payment can be made annually or monthly.

†AER
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if paid and compounded each year.

Important - Interest rates can change on a daily basis. Please call us on 0800 028 3746 for current rates.
Bank of England Base Rate currently 0.75% (last change 2nd August 2018). Hodge Bank Base Rate currently 3% (last change 20th January 2009).

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