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Corporate Saver

The Hanley Corporate Savings Account is exclusive to Limited Companies, Registered Charities, Pension Funds and Professional Partnerships in which to invest their own funds. The account provides easy access with no penalties for making withdrawals on demand and the interest that we pay has been structured so that the more you invest the higher the return..

Product Details

Summary Box Key Information for our Savings Accounts
Account Name	Corporate Saver
Interest Rates (AERs)	Variable rate of interest.For current and previous rates of interest see our leaflet ‘Savings Accounts Interest Rates’, visit www.thehanley.co.uk or telephone our Customer Services Team on 01782 255000.
Tax status	We will pay interest gross to Companies, Registered Charities and Pension Funds. To professional partnerships interest will be paid or credited after the deduction of income tax at the lower rate of 20%.
Withdrawal arrangements	• Withdrawals can be made without notice or penalty. • Withdrawals can only be made by cheque payable to the organisation. • The minimum account balance following any withdrawal should remain at £1,000. • Allowance must be made for cheques to clear before a withdrawal can be made against them.
Access	Transactions - Branch/Post Account balance and transaction enquiries - visit www.thehanley.co.uk and register for our ‘My Accounts’ service.

Account Ownership		The account is available to: • Pension Funds • Limited Companies • Registered Charities • Professional partnerships such as Solicitors and Accountants
Product Availability		This account can only be opened by visiting a Branch of The Hanley or via post.
Interest Rate		We will pay interest gross to Companies, Registered Charities and Pension Funds. To professional partnerships interest will be paid or credited after the deduction of income tax at the lower rate of 20%.
Minimum Opening Balance		Minimum account opening balance of £1,000.
Maximum Balance		Maximum account opening balance £1,000,000.
Interest Paid		31st August.
Interest Payment Options		Interest is paid annually on 31 August and can be: • Added to the account • Transferred to another account with The Hanley • Transferred to another bank or building society (interest will be added to the account if the amount is below £10).
Withdrawal Restrictions		• Withdrawals can be made without notice or penalty. • Withdrawals can only be made by cheque payable to the organisation. • The minimum account balance following any withdrawal should remain at £1,000. • Allowance must be made for cheques to clear before a withdrawal can be made against them.
Account Operation		Direct Debit. Branch Visit. Internal Transfter from an existing Hanley Account.
Printer Friendly Details		Corporate Saver

Corporate Saver	Current Rates
Annual Interest	Rates effective from: 01/04/2009

Balance	Gross	Nett	AER
£100,000.00 and above.	1.45%	1.16%	1.45%
£50,000.00 to £99,999.99	1.15%	0.92%	1.15%
£1.00 to £49,999.99	1.05%	0.84%	1.05%