* Free withdrawals by cheque or BACS, see Corporate Tariff of charges for cost of CHAPS withdrawals & withdrawals in excess of 25 per annum.

How much can I save?

The minimum balance required to open a Premier Business Account is £5,000. This minimum investment level must be maintained for the account to remain open.

The maximum investment level is £1,000,000.

This account can be opened by a sole trader, partnership, limited company, public limited company, charity, club trust or housing association.

How is interest paid?

This account offers a variable rate of interest. Interest is calculated on a daily basis and credited to your account annually on or about 31st December.

In most instances interest will be paid net of tax. To find out whether your organisation is eligible to receive gross interest please speak with your local tax office. If your organisation is eligible to receive gross interest you will need to complete the relevant declaration which is available from your branch.

If you are a sole trader or partnership and your income is below your personal tax allowance, you can have your interest paid gross by completing HM Revenue and Customs form R85, which is available from your branch.

Paying money in

Money can be added to your account by any of the following methods:

• Cash up to £3,000 per day over the counter (we are not able to accept coins).
• Cheques - up to 10 per day over the counter or by post.
• Direct transfer by Standing Order, BACS or CHAPS (for further details please ask your branch)
  

Our Freepost address is:

FREEPOST, Harpenden Building Society, 14-16 Station Road, Harpenden, Herts, AL5 4BR.

Cheques should be made payable to the name of the account rather than Harpenden Building Society. If you do choose to make a cheque payable to the Harpenden Building Society you should also include the name of the account into which the money is being paid (e.g. Harpenden Building Society - ABC Limited).

If you are paying cheques into your account they will take six working days to clear from the day after receipt. You will also earn interest from the day after receipt.

Taking money out

A maximum of 25 free withdrawals * are allowed in each 12 month period from the date of account opening without notice or penalty, including closure. A charge will be made for each withdrawal in excess of this amount. Please refer to our Corporate Tariff of Charges for our up to date rates.

* Free withdrawals can be made by :

• Withdrawing up to £250 in cash per day over the counter or a maximum of £10,000 by cheque per day. If you would like a cheque for a larger amount, please let us know in advance as special arrangements may need to be made.
• BACS
  

If you wish to instruct us to carry out a same day transfer of funds there will be a charge for this service. Please refer to our Corporate Tariff of Charges for our up to date rates.

We are happy to accept faxed instructions for withdrawals providing a Fax Indemnity instruction is in place and confirmation of the request is verified by phone. For further details please speak with your Branch.

Following closure of a Premier Business Account a further account may not be opened during the following 12 month period.

Opening an account

To open an account we need the following:

• A cheque for a minimum of £5,000
• A completed application form. Depending on the type of organisation you are, we have specific application forms. Please ask one of our branches for the correct form.
• An acceptable form of business identification
  
• Proof of identity for each account signatory, if you do not already hold a savings account or mortgage with us.