Business deposit accounts allow you to earn interest on lump sums or regular amounts of money paid into your account. You may need to provide a notice period to make withdrawals. If you fail to give the required notice you will be penalised, usually by a loss of interest.No notice deposit accounts are suitable if you want to avoid being penalised for making unscheduled withdrawals.Higher rates of interest can be obtained on notice accounts, so if you can take a longer term view of withdrawals this may better for your business.
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