A guaranteed fixed rate of interest to 30 September 2026 when you invest a minimum of £5,000. Available to small-to-medium sized UK-based businesses who are Limited Companies, Limited Liability Partnerships or Partnerships.
Rates effective from 24 June 2024.
Key features:
Rates available up to:
4.20%
Account access:
No withdrawals, early closure or further deposits prior to maturity
Find out moreAccount name
Business Deposit Fixed Rate Bond (Issue 3)
What is the interest rate?
| Annual | Monthly | |||
|---|---|---|---|---|
| Balance | Gross* | AER† | Gross* | AER† |
| £5,000+ | 4.20% | 4.20% | 4.12% | 4.20% |
Rates effective from 24 June 2024.
Interest is fixed, calculated on a daily basis and paid annually on 30 September or monthly on the last working day of the month.
Can Marsden Building Society change the interest rate?
The interest rate is fixed which means that we will not change the interest rate payable on your account prior to maturity on 30 September 2026.
What would the estimated balance be after 12 months based on a £5,000 deposit?
If you saved £5,000, the estimated balance after 12 months would be £5,210.
This example assumes an investment of £5,000 is made on 01 October, no withdrawals or further deposits are made throughout the 12 months, interest is received annually, the interest earned is added to the account, and no changes are made to the current interest rate. It is provided for illustrative purposes only and does not take into account your individual circumstances.
How do I open and manage my account?
This account can be opened by submitting an application form on our website or by post. Please click the 'Apply' tab for more information.
The account is available to small-to-medium sized UK-based businesses registered at Companies House.
Acceptable companies include Limited Companies, Limited Liability Partnerships and Partnerships.
We do not open accounts where any connected party on the account has a foreign tax residency, even though they may also hold UK tax resident status.
The minimum balance to open the account is £5,000. The overall maximum holding in respect of all business deposit accounts with the Society is £750,000.
Your nominated bank account, which must be your UK current business banking account, must be available to receive interest (optional) or return of funds on maturity.
Once the account is open, no additional deposits will be accepted.
Can I withdraw money?
You will not be able to close your account or make any withdrawals before maturity.
Additional information
*No tax will be automatically deducted from the interest paid on this account. The receipt of interest gross by a company will not prevent the interest from being liable for corporation tax. For information regarding tax or how to make a self-assessment tax return, please contact HMRC.
Tax treatment and rate payable may change in the future.
†AER stands for the Annual Equivalent Rate and shows you what the interest rate would be if interest was paid and added each year.
We will contact you with your maturity notice at least 14 days prior to the maturity date of your Business Deposit Fixed Rate Bond.
Download our full savings terms and conditions: General Retail Savings Terms and Conditions (PDF)
Download our product terms and conditions: Business Deposit Fixed Rate Bond (PDF)
You can apply for this account by downloading our Business Deposit Application Form (PDF). This is an interactive PDF that can be filled in using Adobe Acrobat. When you've filled in the form, click 'submit application' which will open up a new email and attach the completed file so you can send it to us. If you'd prefer to email it to us without using this functionality, you can send it to businesscustomers@themarsden.co.uk.
Alternatively, you can fill in the form by hand and return it to us by post. Please mark it for the attention of our Business Deposit Team and return it to Marsden Building Society, 6-20 Russell Street, Nelson, Lancashire BB9 7NJ.
When we receive your application form, our Business Deposit Team will carry out validation checks. If we need more information from you, we’ll contact you, otherwise, we’ll contact you once the account is open to request a faster payment. You should hear from us within 5 working days of submitting your application (this may be longer if applying by post). If you don’t hear from us within 5 working days, please call 01282 525110.
01282 440500 * 
