Scottish Widows High Interest Bank Accounts
Scottish Widows have intoduced three new bank accounts with increased interest rates all effective from the 16th September 2009:
1 Year Fixed Term Deposit Account
£10,000 to £5,000,000 2.5%
1 Year Fixed Term Business Deposit Account
£10,000 to £5,000,000 2.5%
1 Year Fixed Term Pension Fund Deposit Account -SIPP SSAS money
£10,000 to £5,000,000 2.5%
No one likes changing banks or current accounts but luckily you cannow access high rates of interest and not have to change your currentaccount or your bank. These accounts are in addition to your currentaccount.
How it works
Director completes and application form and a direct debit authority from the Company Current Account.
On confirmation that the account is open the Director can transfermoney between the Current Account and the Business Fund Account.
The Business Fund Account can only receive money from and pay money to the nominated Company Current Account.
Keep your excess funds in the Business Fund Account and start earning interest.
Please email service@bfca.eu for an application form.