35 Day Notice Business Savings Account
The 35 Day Notice Business Savings Account allows you to earn a higher interest rate than our instant access savings account because this account requires advance notice of 35 days before you can withdraw any of your money. It’s ideal for businesses looking to grow their savings and don’t need immediate access to funds. While you earn interest on your savings, your money will be used to support organisations that deliver positive social impact in the UK.
35 Day Notice Business Savings Account Features
- Available to businesses registered in England or Scotland.
- Great way to build your savings with lump sum or regular payments.
- Withdraw your money anytime by giving a 35 day advance notice.
- Interest will be applied to the Account quarterly, on the set quarter dates, unless you specify a secondary account held with Reliance Bank Ltd to receive the credit interest.
- Manage your account via online banking or telephone banking.
- Our UK based Customer Experience Team is here to assist you.
We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if we as a Bank fail to meet our financial obligations. In general, all retail depositors and businesses are covered by Deposit Guarantee Schemes. Exceptions for certain deposits are stated on the website for the Financial Services Compensation Scheme.
Ready to Apply?
Why choose a 35 Day Notice Business Savings Account?
- Earn a higher interest rate than our Instant access savings account because this account requires advance notice of 35 days before you can withdraw any of your money.
- It’s ideal for businesses looking to grow their savings and don’t need immediate access to funds.
- Helps us support organisations delivering positive social impact in the UK.
Open a 35 Day Notice Business Savings Account Today*
To open a business account, download and read the following documents, and send us the personal details form for all signatory members and directors of the business, and required documents to assess your application. Submit your documents either by email at customer.experience@reliancebankltd.com or by post to “Reliance Bank, Faith House, 23-24 Lovat Lane, London EC3R 8EB”. Do not send us any funds until our team have contacted you to explain how funds can be deposited safely and securely.
*Products are subject to status and eligibility. Terms and conditions apply.
Please Note: Reliance Bank uses your personal information to confirm your identity and assess your application when you apply for an account with us. We will only collect, process, and store information about you in accordance with our Privacy Notice. For more details, please read our Privacy Notice.
Summary Sheet
What is the Applicable interest rate?
Interest is calculated daily and is paid into the Account on the last calendar day of each quarter.
Can Reliance Bank change the Applicable Interest Rate?
Yes, the interest rate applied to your Account is variable.
Should Reliance Bank Limited increase the interest rate, the new rate will be applied to your account immediately and the details of the change will be available on our website within three working days of the change.
Should the bank decrease the interest rate, we will advise you in writing and give you at least 14 calendar days’ notice before the change. If you are not happy with the Applicable Interest Rate change, you can at any time up to 30 days from the date we tell you about the change, close or switch your Account without paying any penalty or other charges.
What would the estimated balance be after 12 months based on a £5,000 deposit?
*This calculation is for illustration purposes only.
*This example assumes there are no further deposits or withdrawals, changes to interest rates and interest is paid in the Account on the last working day of each quarter of the calendar year.
How do I open and manage my account?
You can apply by downloading an application form from our website. Please complete the form, and then email or post it to us.
You can manage your account online via our digital banking portal or by telephoning our Customer Experience Team on 0207 395 5400.
Can I withdraw my money?
Yes, there is no limit to the number of withdrawals, but you must give 35 days’ notice to withdraw from your account.
Rates and information correct at 30/05/2025.
Definitions Explained
*AER
AER stands for Annual Equivalent Rate. It illustrates what your interest rate would be if interest was paid and compounded each year and allows you to easily compare different savings accounts. As every advertisement for a savings product, which quotes an interest rate, will contain an AER you will be able to compare more easily what return you can expect from your savings over time.
Frequently Asked Questions
A 35 day notice business savings account requires you to provide a 35 day advance notice to withdraw funds. As a result, notice savings accounts generally offer slightly higher rates than instant access savings accounts. It’s designed for business use only.
Yes, you can make withdrawals by providing a 35 days advance notice. However, please note that withdrawals are not permitted within the first 35 days of your initial deposit. You can submit withdrawal requests in writing or through our digital banking service. Our team will confirm your withdrawal date in writing.
To open a 35 days notice business savings account, you will need to submit the following list of documents by email or post.
- Completed savings application form.
- Personal details form for all authorised signatory members and directors of the business.
- Additional documents for ID and verification checks.
Please contact our Customer Experience Team on 020 7398 5400 to get more details on the documents to be submitted.
To open the account, you must submit the completed application form along with the required documents, either by email at customer.experience@reliancebankltd.com or by post to “Reliance Bank, Faith House, 23-24 Lovat Lane, London EC3R 8EB”.
Do not send us any funds until our team have contacted you to explain how funds can be deposited safely and securely.
Once your account is opened, you will receive your personal login details for digital banking. You will be able to access and view your 35 Day Notice Savings Account details on our Digital Banking portal.
You can do this by contacting our Customer Experience Team on 020 7398 5400.
Ready to Apply?
Explore our other Business Savings Account
Need Help?
For further assistance, please reach out to our Customer Experience Team at 020 7398 5400 or email us at customer.experience@reliancebankltd.com.
We are proud to be the bank of The Salvation Army International. Find out more about our shared history.
We are proud to be the bank of The Salvation Army International. Find out more about our shared history.