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Highlights

Variable rate of:

4.85%

AER1 (4.75% Gross2 P.A.)

0.50% Below Bank of England Base Rate3

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A few details to keep in mind

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Summary box

Please read this information before applying for this account

Account name: Business Online 120 Day Notice Account

% Gross2% AER1% Below Bank of England base rate3
4.754.850.50

Interest is paid on the last business day of the month.

Your account uses a rate that tracks the Bank of England base rate. When the base rate changes, we’ll change the account rate by the end of the next working day.

If we’re planning to change the margin between your account rate and the Bank of England base rate, we’ll let you know at least two months in advance or more if your notice period is longer.

For example, if you’ve got a 95 Day Notice Account, we’ll give you at least 95 days’ notice. You’ll find more details in the Business and Corporate Notice Account terms and conditions.

Account nameProjected balance
Business Online 120 Day Notice Account£1048.50

This projection is provided for illustrative purposes only and does not take into account your particular circumstances. This is based on no withdrawals or further deposits being made and interest being added to the account.

Opening your account:

  • You can apply for a Business Online 120 Day Notice Account if:
    • You are a Limited Company, Partnership, Limited Liability Partnership or a Sole Trader. If you're a University, College, Club, Society or a Registered or exempt Charity then you can apply for a Charity Notice Account.
    • The business is based and operates in the UK (excluding Channel Islands, Isle of Man & Northern Ireland);
    • All owners, directors, senior management and account signatories are over 18 years old.

Depositing money:

  • There is no maximum deposit limit on this account.
  • You can add to your account at any time by sending a Bacs, CHAPS or Faster Payment from another UK account.
  • Any corporate administrators can access your Business Online 120 Day Notice Account and give notice through the Virgin Money Mobile Banking app or Business Internet Banking. Withdrawals need to be transferred to another account in the name of your business.
  • Minimum withdrawal amount £1 (or less if closing).
  • Withdrawals without notice are not permitted.
  • We pay interest without deducting income tax, unless HMRC/the law requires otherwise. We do not issue Certificates of Interest Paid and Tax Deducted automatically. However, once you have requested and received a Certificate of Interest Paid and Tax Deducted we will provide further certificates in April each subsequent year that the account remains open and, for closed accounts, in the tax year the account is closed.
  • Please note, the tax treatment depends on the particular circumstances of each business and may change in the future.

Save with confidence

Your deposits with Virgin Money are covered up to £85,000 per business.

View the FSCS guarantee

Before you apply

Take a look at the important info

  • A limited company, partnership, limited liability partnership or sole trader
  • Based and operated in the UK (excluding Channel islands, Isle of Man & Northern Ireland)
  • Have owners, directors, senior management and account signatories over 18 years old
  • You operate in or trade with Crimea (Ukrainian territory), Iran, North Korea or Syria
  • You have bearer shares within the ownership structure
  • You’re a shell bank
  • You undertake money services business as a primary or secondary business activity (for example, a bureau de change, money transmitters and cheque encashment agencies)
  • You’re a medicinal cannabis related business
  • You’re an unregistered high value dealer
  • You have nominee shareholders within the business structure
  • You are digital currency issuers

Ready to apply?

Before applying please make sure you have read the following documents:

Please select one of the following:
We'll need to do a Companies House search to find your business. If your business is newly registered it can take up to 72 hours for their records to be updated, so you may need to come back later.

We'll need to do a Companies House search to find your business. If your business is newly registered it can take up to 72 hours for their records to be updated, so you may need to come back later.

Got a question?

See the answers to the questions we get asked the most

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Not quite what you're looking for?

If you’re looking for a business savings account, but this account doesn’t seem the right fit for you, we have a range of accounts that might suit you better.

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[1] AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

[2] Gross P.A. is the rate of interest paid without the deduction of tax.

[3] Your account uses a rate that tracks the Bank of England (BoE) base rate. We’ll change the rate by the end of the next working day after BoE base rate changes.