Business Higher Rate Reserve Account
Save with purpose. Plan with confidence.
This account is designed for businesses that want to steward their reserves responsibly while benefiting from a higher rate of return. By giving notice on withdrawals, your organisation can save with greater impact while still planning confidently for the future.
It is ideal for companies with funds they do not need immediate access to, offering a purposeful way to manage resources while supporting gospel mission across the UK.
Account information
| Interest rate | 1.85% Gross/AER |
|---|---|
| Interest accrual | Interest accrues on the daily balance at the above rate. This rate may vary from time to time and we will notify you of any changes. |
| Deposit method | Your own online banking service, standing order or post at any time. |
| Minimum balance | £1 minimum balance |
| Withdrawal notice period | 90 days' notice |
| Withdrawal Terms/Number of withdrawals allowed | N/A |
| Withdrawal methods | Telephone banking or post. |
| Withdrawal destination | Pre-nominated bank account in the same name as the account holder. |
|
Interest illustration This assumes that you do not withdraw any money and that interest is paid into this account. It also assumes the interest rate stays the same and no additional money is added. |
If you deposit £1,000 when you open the account, the balance after 12 months will be £1,018.50. |
£ 122.2 million
Saved with us in 2024.
Protected savings with a purpose
With FSCS protection and full FCA and PRA regulation, your savings are safe with us. Our interest rates ensure you earn predictable returns and, as a Christian bank, we ensure your savings are invested in gospel causes.
Ethical investment in Christian mission
We only invest in Christian causes with gospel purpose. From church building projects to property purchases, your savings support gospel growth. And, when you need them, we’ll return your savings with interest.
Personalised and friendly support
Say goodbye to frustrating call waiting times. Our friendly staff are passionate about helping you put your savings to work for the gospel. We’ll guide you through your savings options and help you set up your first deposit.
Ready to apply?
Download an application form to start saving with purpose and join us in growing God's Kingdom.
Important documents
We would recommend you familiarise yourself with these documents.
Business Higher Rate Reserve Account
Frequently asked questions
Yes. As this account pays a variable rate of interest, it can change over time – the General Terms and Conditions explain how this happens.
We will always let you know any planned changes to the rate. For example, we may review our interest rates if the Bank of England base rate changes.
All instructions must be authorised by the correct number of signatories, in accordance with the latest Mandate.
All withdrawals require 90 days’ notice.
All withdrawals should be submitted in writing or using telephone banking by the signatories detailed on the mandate and will be made to an account in the same name.
No charges apply for this account (except for those referred to in our Terms and Conditions, where a fee is charged for early withdrawal, which in this case is where less than 90 days’ notice is provided. This charge is currently 0.50% of withdrawal).
Yes. Kingdom Bank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
All eligible deposits are protected by the Financial Services Compensation Scheme (FSCS) up to £85,000 per organisation.
Explore our other
Reserve Accounts
Business Flexible Reserve Account
1.35% Gross/AER
£1 minimum balance
No notice
This account is ideal for businesses that want to manage their reserves with ease and flexibility. It allows you to keep funds accessible while setting money aside for future needs.