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Bank of Scotland Business Banking and Factoring Review


Bank of Scotland Business Banking and Factoring

 

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Bank of Scotland Business Banking and Factoring

Bank of Scotland E-Business Deposit Account Interest and access


Account Highlights

  • Deposit account managed over the Internet
  • Competitive banded interest rates guaranteed
  • Penalty-free immediate access to your funds over the Internet
  • Same-day transfers to and from other Bank of Scotland accounts

Guaranteed competitive rates of interest
Some banks make a virtue of telling you that the interest you earn on your account is the same for £1 as it is for £100,000. Yet that's often an excuse for them to pay less to everyone.

The Bank of Scotland know that if you have a significant amount saved, you want to earn the highest possible rate of interest on it.

That's why their rates of interest are banded: the more you have on deposit, the more Bank of Scotland pay.

What's more, Bank of Scotland rates are guaranteed: they are permanently linked to Bank of Scotland Base Rate - if Bank of Scotland Base Rate rises (or falls), so does the interest they pay. Your money starts working for you on day one: the moment your savings cross one of their balance thresholds, they pay you at the higher rate on the whole amount.

Complete flexibility
You don't have to sacrifice the ability to use any of your savings. You can move funds in and out whenever you want, without penalty. Your money earns interest the moment funds are cleared.

Transfers from other Bank of Scotland accounts can be made instantly via the Internet at any time. They take effect the same day, provided they receive the instruction before 6pm on a working day.

Opening an E-Business Deposit Account
To open an account, you must also register for Internet Banking with Bank of Scotland.

As a registered Internet Banking user, you can also automatically make full use of their telephone banking service to access your other Bank of Scotland accounts.

For further information on Bank of Scotland Business Banking and Factoring visit the Bank of Scotland Website.

 

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