Business 30 Day Notice 
​Issue 4​

Account name

Business 30 Day Notice Issue 4

What is the interest rate? AER*

3.65% annual interest rate on balances £1,000+

Interest is paid annually on 31st March. 

(*AER stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year)

Can Dudley Building Society change the interest rate?

The interest rate on this account is variable and the Society may make changes to this rate at any time. We will notify you of any changes in accordance with the Terms & Conditions. 

What would the estimated balance be? 

If you were to open this account with £1,000 and no further deposits or withdrawals were made you would earn £36.50 interest. This would result in a total balance of £1,036.50.

Please note the illustrations provided are based upon a 12 month investment and do not reflect your specific circumstances.

Who is eligible?

This account is only available for Corporate Bodies. 

How do I operate my account?

Any queries regarding your account can be dealt with via branch, email or telephone. Instructions on operating your account are required in person, at branch or in writing. 

How do I open my savings account?

You may open your account at any one of our branches or via post. 

What is my minimum opening and operating balance?

£1,000

What is my maximum operating balance?

£1,000,000

What is my maximum investment?

£1,000,000

Can I withdraw money?

30 days' notice is required; or 30 days' interest will be forfeited on the amount withdrawn. This penalty will be deducted from your accrued interest. If you have insufficient accrued interest to cover the penalty due, the remaining amount will be deducted from your account balance on closure of your account or when your interest is next due to be added to it. 

Additional Information

A corporate body is able to enter in its' own right into legal agreements and can often be identified by 'Ltd', 'Plc' or 'Incorporated' being included in the company profile. If the company is a corporate body, it will have registered by a legal process, for example with Companies House. Account holders do not have membership or voting rights.