Eligible organisations

We offer a range of savings accounts tailored to meet the needs of a range of different organisations.

This page lists the different requirements for each business type. Click on a link below to go straight to the relevant information:

Limited Companies
Partnerships & Sole Traders
Pension Trusts
Solicitor and Client Accounts
Charities and Associations

Limited Companies

• Sole Director Limited Companies should nominate a minimum of 1 and a maximum of 3 Authorised Persons to transact on the account.
• All other Limited Companies should nominate a minimum of 2 and a maximum of 3 Authorised Persons.
• Any interest earned will be paid gross.
• You will be asked to provide your registered number and address.
• Access your funds via online and telephone banking.

back to top

Partnerships & Sole Traders

• Includes Limited Liability Partnerships.
• Partnerships should nominate a minimum of 2 and a maximum of 3 Authorised Persons to transact on the account.
• Sole Traders should nominate a minimum of 1 and a maximum of 3 Authorised Persons.
• Any interest earned will be paid net.
• Access your funds via online and telephone banking.

back to top

Pension Trusts

• Nominate a minimum of 2 and a maximum of 6 Authorised Persons to transact on the account.
• Any interest earned will be paid gross.
• Access your funds via online and telephone banking.

back to top

Solicitor and Client Accounts

• Nominate a minimum of 2 and a maximum of 3 Authorised Persons to transact on the account.
• Any interest earned will be paid net.
• Access your funds via online and telephone banking.
• Fixed Rate Savings Bonds are not available to Solicitor and Client Account customers.

back to top

Charities & Associations

• Includes Local Authority Councils, Further Education Bodies, Political Parties, and registered Church Bodies.
• Nominate a minimum of 2 and a maximum of 3 Authorised Persons to transact on the account.
• Any interest earned will be paid gross.
• Charities will be required to provide their registered/recognised number and address.
• Access your funds via online and telephone banking.

back to top

The Facts

• Business account holders must be resident (and in the case of a limited company, incorporated) in the UK at the time of opening an account.
• Gross means the rate of interest paid without the deduction of tax, if applicable.
• Net means the gross rate minus tax at the current rate.
• AER means Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded each year.
• For all accounts, you can choose whether interest is to be paid monthly or yearly.
• Standard Life Cash Savings savings accounts are covered by the Financial Services Compensation Scheme.