Deposit Accounts

Deposit Account (for non-personal investors)

To cater for corporate investors, we have a range of accounts with tiered rates, so that the bigger your balance, the better the interest earned. Interest can be paid gross if applicable.

Treasurers deposit accounts are available for clubs, charities and associations, and Company Deposit accounts for corporate bodies and limited companies. For lump-sum, fixed-term investments of £50,000 or more, we can also offer Time Deposits.

How to open an account

Opening an account couldn't be easier. Simply click here for an Application Form.

Complete the form and take it along to any Scottish Building Society branch or local office.

Alternatively, you can send your completed application form, together with your initial deposit, to us at the following address:

FREEPOST

RLYC-AAGE-YURH

Scottish Building Society

SBS House

193 Dalry Road

Edinburgh

EH11 2EF

Your passbook will then be posted to you.

Your Right to Cancel
If you wish to change your mind about any savings or investment account, please contact us within 14 days of opening the account. We will help you select a more suitable account or return your money in full together with any interest earned (ignoring any notice period or charges).

Summary Box: Key Product Information for Deposit Accounts
Account Name Treasurers and Company Deposit Time Deposit
Interest (AER) Click here for current rates.
Rates individually negotiated at time of application.
Tax Status Interest is normally paid or credited after deduction of income tax at the savings rate of 20%, and the net interest rates shown illustrate the effect of this. Interest may be paid gross where you are eligible for interest without tax deducted and where you complete the required declaration.
Interest is paid or credited gross (ie without deduction of income tax) on maturity.
Conditions for Bonus Payment Not applicable as there is no bonus associated with this product.
Not applicable as there is no bonus associated with this product.
Withdrawal Arrangements Immediate withdrawals without notice or penalty.
No withdrawals during the term of the account.
Access In person via branches and agencies or by post.
All transactions made by bank transfer.


 

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