Compare fixed rate SAVINGS Accounts
for your business today

Allica Bank 6 Month Fixed Savings Account

  • Interest Rate
    4.6% AER (Fixed)
  • Minimum Deposit
    £20,000
  • Maximum Deposit
    £2M
  • Access Type
    Fixed Rate
  • Access Methods
    App/Online
Product Features
  • FSCS Protected for eligible deposits up to £85,000
  • Fixed rate guaranteed
  • Apply online today
Eligibility Criteria
  • Minimum Initial Deposit – £20,000
  • Minimum Age 18 Years
  • Available for registered companies based in the UK

Allica Bank 1 Year Fixed Savings Account

  • Interest Rate
    4.75% AER (Fixed)
  • Minimum Deposit
    £20,000
  • Maximum Deposit
    £2M
  • Access Type
    Fixed Rate
  • Access Methods
    App/Online
Product Features
  • FSCS Protected for eligible deposits up to £85,000
  • Fixed rate guaranteed
  • Apply online today
Eligibility Criteria
  • Minimum Initial Deposit – £20,000
  • Minimum Age 18 Years
  • Available for registered companies based in the UK

Aldermore 1 Year Fixed Rate Savings Account

  • Interest Rate
    4.51% AER fixed
  • Minimum Deposit
    £1000
  • Maximum Deposit
    £1M
  • Access Type
    Fixed Rate
    1 Year Fixed Rate
  • Access Methods
    App/Branch
Product Features
  • FSCS Protected for eligible deposits up to £85,000
  • Nominate a business current account for deposits and interest, no need to change provider
  • Open in under 15 minutes
Eligibility Criteria
  • Minimum Initial Deposit £1000
  • Over 18 years of age, UK resident and only tax resident in the UK – this applies to all controlling persons, significant owners and directors
  • A limited or unlimited company (Aldermore do not provide accounts for limited partnerships, limited liability partnerships, partnership, sole trader, clubs, societies or charities) ​

TSB Business Fixed Rate Savings Bond – 1 Year

  • Interest Rate
    4.50% AER
  • Minimum Deposit
    £1
  • Maximum Deposit
    £5M
  • Access Type
    Fixed Rate
  • Access Methods
    Full
Product Features
  • FSCS Protected for eligible deposits up to £85,000
  • Rate will not change for the bond term
  • You can open multiple bonds
  • You cannot withdraw or add funds during the term
Eligibility Criteria
  • Must be 18 & UK resident
  • Have a UK registered business & business account
  • Source of funds
  • No CCJ’s or IVA’s

TSB Business Fixed Rate Savings Bond – 18 Months

  • Interest Rate
    4.30% AER
  • Minimum Deposit
    £1
  • Maximum Deposit
    £5M
  • Access Type
    Fixed Rate
  • Access Methods
    Full
Product Features
  • FSCS Protected for eligible deposits up to £85,000
  • Rate will not change for the bond term
  • You can open multiple bonds
  • You cannot withdraw or add funds during the term
Eligibility Criteria
  • Must be 18 & UK resident
  • Have a UK registered business & business account
  • Source of funds
  • No CCJ’s or IVA’s

TSB Business Fixed Rate Savings Bond – 2 Years

  • Interest Rate
    4.15% AER
  • Minimum Deposit
    £1
  • Maximum Deposit
    £5M
  • Access Type
    Fixed Rate
  • Access Methods
    Full
Product Features
  • FSCS Protected for eligible deposits up to £85,000
  • Rate will not change for the bond term
  • You can open multiple bonds
  • You cannot withdraw or add funds during the term
Eligibility Criteria
  • Must be 18 & UK resident
  • Have a UK registered business & business account
  • Source of funds
  • No CCJ’s or IVA’s

Aldermore 6 Month Fixed Rate Savings Account

  • Interest Rate
    4.10% AER fixed
  • Minimum Deposit
    £1000
  • Maximum Deposit
    £1M
  • Access Type
    Fixed Rate
    6 Month Fixed Rate
  • Access Methods
    App/Branch
Product Features
  • FSCS Protected for eligible deposits up to £85,000
  • Open in under 15 minutes
  • Nominate a business current account for deposits and interest, no need to change provider
Eligibility Criteria
  • Minimum Initial Deposit £1000
  • Over 18 years of age, UK resident and only tax resident in the UK – this applies to all controlling persons, significant owners and directors
  • A limited or unlimited company (Aldermore do not provide accounts for limited partnerships, limited liability partnerships, partnership, sole trader, clubs, societies or charities) ​

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Fixed Rate Business Savings Accounts Guide

In the dynamic world of business finance, fixed rate business savings accounts have become a popular choice for UK businesses looking to maximize returns on surplus funds. This guide explores the intricacies of fixed rate business savings accounts, helping businesses make informed decisions in their financial planning.

What is a Fixed Rate Business Savings Accounts?

A fixed rate business savings account is a type of account where funds are deposited for a predetermined period at a fixed interest rate. The rate remains constant, irrespective of market fluctuations, offering stability and predictability in returns.

Purpose and Benefits

The primary purpose of these accounts is to provide businesses with a secure and stable investment option. Key benefits include:

Key Features of Fixed Rate Accounts

Comparing Fixed Rate Business Savings Accounts

Opening a Fixed Rate Business Savings Account

Strategic Use of Fixed Rate Accounts

Risks and Considerations

Monitoring and Managing the Account

In Summary

Fixed rate business savings accounts in the UK offer a dependable and straightforward way for businesses to grow their surplus funds. They provide a shield against interest rate volatility, which is particularly valuable in uncertain economic times. However, the lack of liquidity and potential for sub-optimal returns in a rising rate environment are important considerations. By understanding these accounts’ features and using strategic approaches like laddering, businesses can effectively incorporate fixed rate savings into their broader financial strategy. As with any financial decision, careful analysis and a clear understanding of the business’s short-term and long-term financial needs are paramount. A well-chosen fixed rate business savings account can be a powerful tool in the arsenal of business financial management, contributing significantly to the overall financial health and growth of the business.