Corporate Smart Access Saver
Interest is variable, calculated on a daily basis and is paid annually on 31 August.
| Corporate Smart Access Saver | Current Rates |
|---|---|
| Annual Interest | Rates effective from: 02/04/2026 |
| Balance | Gross | AER† |
|---|---|---|
| £100.00 and above | 3.85% | 3.85% |
†AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. Gross is the rate of interest if interest were paid and not compounded each year.
Interest is calculated daily from the day of receipt.
As the interest rate is variable, we may change the rate if we reasonably believe that the change is needed.
If we reduce the interest on your account, we will write to you 14 days before we make the change.
For full details on how and why we will change the interest rate on your account, please refer to Section 8 of the Savings Terms and Conditions.
Based on the current interest rate, if you deposited £1,000 in this account, after 12 months you would have £1,038.50 This figure is for illustration purposes and is based on no additional deposits, withdrawals or changes in interest rates within the 12 month period.
This account can be opened in branch or via the post.
You must be a Limited Company, Professional Partnership, Registered Charity or Pension Fund.
To comply with Money Laundering Regulations we will require verification of your organisation if it has been incorporated for less than 6 months. We are also required to verify the identity of each individual person appointed to operate the account and anyone who owns or controls more than 25% of the business capital, profit or voting rights.
Simply call into your local branch and complete an application form. You will need to provide some identification when you open your account, details of our requirements can be obtained from the “before you apply section” on this page, your local branch or by calling us. If you are already a Hanley Member, in most cases, this will not be necessary.
When you open your account you will receive a passbook.
Minimum investment is £1,000 – maximum investment £300,000. You can add to your account at any time, subject to the maximum investment limit.
Once the account has been opened it can be managed either in branch and/or via the post.
You can apply by post by completing the Corporate Savings Application Form and sending it by post to:
HEBS
Freepost
(Corporate)
You can withdraw 3 times without penalty per tax year (6th April – 5th April), other withdrawals are subject to 30 days loss of interest on the amount withdrawn.
All Corporate withdrawals must be made by cheque or electronic transfer only – no cash withdrawals are allowed. Cheques must be made payable to the company & transfers must only be made into an account in the company’s name. The minimum balance following any withdrawal must remain at £1,000.
To withdraw money in a branch, you must provide your passbook. If making a withdrawal through the post, you must send your passbook along with signed written instructions.
The treatment of your account for tax purposes will depend on your individual circumstances and you may need to pay tax on any interest that exceeds your Personal Savings Allowance. For more information, please visit HM Revenue & Customs’ (HMRC) website hmrc.gov.uk . The tax information provided is based on our understanding of current law and HMRC practice, both of which may change
Yes if
You want limited access without penalty to your funds and are happy for withdrawals to be made by cheque or electronic transfer.
You are a business entity that is a Limited Company, Professional Partnership, Registered Charity or Pension Fund.
You want to open and manage your account in branch via the post.
No if
You want a fixed rate of interest for a fixed term.
You want to open and manage your account online.
You are a business entity which is not one of a Limited Company, Professional Partnership, Registered Charity or Pension Fund.
Before opening an account, it is recommended you read the information below.
You can apply by post by completing the savings application form and either taking it to your local branch or sending it by post to:
HEBS
Freepost
(Corporate)
Find your nearest branch and visit for expert support and assistance from our team during the application process.