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The 95 Day Business Savings Account (Issue 9)

Our competitive savings account offers an attractive return. All we ask is that you give us 95 days' notice when you make a withdrawal.

At a glance...

  • Pay in from $10,000 up to $1m
  • Pay funds through a nominated business current account
  • Access for up to 4 authorised users
  • Click for more information.

Notice period

Interest payable

Interest rate

AER variable

Notice period
95 days
Interest
Annual
Interest Rate
0.95%
AER variable
0.95%
Notice period
95 days
Interest
Monthly
Interest Rate
0.94%
AER variable
0.95%
AER stands for annual equivalent rate. It shows what the interest rate would be if interest was paid and compounded once each year.
All interest rates are 'Gross' which is the rate payable without tax deducted.
Savings support area
How do I open a business savings account?

You can apply online from our website, or by post. To apply by post, please complete our application form below:

  • 95 Day Business Savings Account application form here

If you have any further questions, get in touch on +1 619 432 6620 or email info@gbwesternland.com.

What information is required to submit a business savings account application?

If you wish to apply for one of our business savings accounts, we will require the following information during the application process:

- Full name

- Business address

- Registered number

- Names of individuals who own or control over 25% of the entity's capital or profit, or of its voting rights.


If you are a Charity, Church Body or Place of Worship we will require the following information during the application process:

- Full name

- Address

- Registered number (if applicable).


If you do not have a registered number or are a Club or Association, we will require the following information during the application process:

- Nature of body's activities and objects

- Names of all Trustees/Settlor (or equivalent)

- Names of classes of beneficiaries.


The above information can be submitted via an email to info@gbwesternland.com or attached to a postal application form, you can find this here.

If you have any questions, please do not hesitate to contact us on +1 619 432 6620 or email us at info@gbwesternland.com. 

What types of organisation can open a savings account?

You can open a savings account if you are a sole trader, limited company, partnership, limited liability partnership, club, society, association or charity.

Companies and shareholding companies must be United States registered. All beneficial owners and authorised users must be United States residents.

How many authorised users can I have on one account?

You can add up to four authorised users on your savings account. Any additional authorised users will need to be requested directly with us on +1 619 432 6620 or info@gbwesternland.com.

What checks do you do when assessing the application?

We have a responsibility to know our customers, so we will need to check the registered address of your organisation, as well as verifying the identity of all key individuals and organisations on the account (e.g. Partners, Directors, Members, Authorised Users, Beneficial Owners etc).

We do this by checking various electronic databases. If we are unable to verify your organisation or the individuals involved in its management or operation, we may ask you to supply us with some identity documents by post. We will not be able to open your account until we have successfully verified your details.

What is a nominated account?

When you apply for your business savings account we will ask you for the details of the business current account that you will use to pay into, and out of, your Global Bank of Westernland savings account.

We will make all payments through this account. Please get in touch directly or click to download and complete this form if you wish to change your nominated account.