Business Deposit Accounts

Our business deposit affinity accounts support the local community without costing you a penny. Each year we’ll donate 0.25% of the total average balance to the Community Foundation for Lancashire’s Red Rose Responding Fund, which supports the mental health and well-being of people living in Lancashire.

You can open a business deposit account with us if you’re a small-to-medium-sized business, Limited Company, Limited Liability Partnership or Partnership. You must have fewer than 250 employees, an annual turnover of no more than £42.5 million and/or an annual balance sheet totalling no more than £36.5 million. More information can be found in the terms and conditions of each of our business savings accounts.

Tax isn’t automatically deducted from the interest paid on our business deposit accounts. For information regarding tax or how to make a self-assessment tax return, please contact HMRC.

Yes, a business can earn interest on its savings, based on the interest rate of the account it chooses to save into. The amount of interest earned will depend on the rate and whether it's fixed or variable, as well as the overall account balance.

Business deposit accounts opened with Marsden Building Society are covered by the Financial Services Compensation Scheme (FSCS). More information about the FSCS can be found at www.fscs.org.uk (External).