Compare SAVINGS Accounts
for your business today
Time is money. Save both by quickly comparing the
most suitable corporate savings accounts for your business
Promoted
Tide Instant Saver – Get £100 Cashback
- Get £100 cashback and earn 3.55% AER interest when you open a Tide Instant Saver. Terms apply.
- FSCS Protected for eligible deposits up to £85,000
- Interest is paid into the saver monthly
- Earn 3.55% AER (variable) on business savings on deposits up to £50,000
- No limits or fees on withdrawals
-
Interest Rate
5.20% AER -
Minimum Deposit
£10,000 -
Maximum Deposit
£1M -
Access Type
Fixed Rate -
Access Methods
Online/Post
Product Features
- FSCS Protected for eligible deposits up to £85,000
- Cancel in the first two weeks if it is not right for you
- Up to 4 authorised users
- Make unlimited top-ups (up to £1m limit)
Eligibility Criteria
- Available to UK-based businesses i.e. limited companies, charities, partnerships, LLPs, sole traders, associations, clubs and societies
- UK residents, minimum age of 18 years
5 x Winner – Moneyfacts Best Business Variable Account Provider
-
Interest Rate
4.51% AER fixed -
Minimum Deposit
£1000 -
Maximum Deposit
£1M -
Access Type
Fixed Rate1 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)
-
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
-
Interest Rate
4.4% AER -
Minimum Deposit
£1000 -
Maximum Deposit
£250,000* -
Access Type
Notice -
Access Methods
Full
Product Features
- FSCS Protected for eligible deposits up to £85,000
- Up to 4 people in your business can manage the account
- *Maximum for Limited Companies and LLPs: £250,000 Maximum for all other eligible businesses: £85,000
- Withdraw money by giving 120 days notice
Eligibility Criteria
- Business Must be registered with Companies House
- Have a UK business account
- Fewer than 250 employees
- Less than £36.5 million in assets or less than £42.5 million in turnover
-
Interest Rate
4.33% AER -
Minimum Deposit
£50,000 -
Maximum Deposit
£5M -
Access Type
Easy Access -
Access Methods
App/Online
Product Features
- FSCS Protected for eligible deposits up to £85,000
- Unlimited withdrawals
- Manage your money easily via app or online banking, all backed up with UK-based phone support.
Eligibility Criteria
- Minimum Initial Deposit – £50,000
- Minimum Age 18 Years
- Business must be incorporated for at least 12 months or have a loan product with Allica
You will automatically have access to Allica Instant Access Savings when you open a Business Rewards Account. Businesses keeping less than £50,000 in the account may earn a reduced rate of interest and may incur fees. T&Cs apply.
-
Interest Rate
4.3% AER -
Minimum Deposit
£1000 -
Maximum Deposit
£250,000* -
Access Type
Notice -
Access Methods
Full
Product Features
- FSCS Protected for eligible deposits up to £85,000
- Up to 4 people in your business can manage the account
- *Maximum for Limited Companies and LLPs £250,000, Maximum for all other eligible businesses: £85,000
- Withdraw money by giving 95 days notice
Eligibility Criteria
- Business Must be registered with Companies House
- Have a UK business account
- Fewer than 250 employees
- Less than £36.5 million in assets or less than £42.5 million in turnover
-
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
-
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
-
Interest Rate
4.10% AER fixed -
Minimum Deposit
£1000 -
Maximum Deposit
£1M -
Access Type
Fixed Rate6 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)
-
Interest Rate
4.10% AER -
Minimum Deposit
£1000 -
Maximum Deposit
£250,000* -
Access Type
Fixed Rate -
Access Methods
Full
Product Features
- FSCS Protected for eligible deposits up to £85,000
- Up to 4 people in your business can manage the account
- *Maximum for Limited Companies and LLPs £250,000, Maximum for all other eligible businesses: £85,000
- Protection from downwards rate changes for 6 months
- No funds withdrawal until maturity
Eligibility Criteria
- Business Must be registered with Companies House
- Have a UK business account
- Fewer than 250 employees
- Less than £36.5 million in assets or less than £42.5 million in turnover
-
Interest Rate
4.10% AER -
Minimum Deposit
£10,000 -
Maximum Deposit
£1M -
Access Type
Notice35 days Notice -
Access Methods
Online/Post
Product Features
- FSCS Protected for eligible deposits up to £85,000
- Cancel in the first two weeks if it is not right for you
- Unlimited number of withdrawals with 35 days’ notice only
- Make unlimited top-ups (up to £1m limit)
Eligibility Criteria
- Available to UK-based businesses i.e. limited companies, charities, partnerships, LLPs, sole traders, associations, clubs and societies.
- UK residents, minimum age of 18 years
5x Winner – Moneyfacts Best Business Variable Account Provider
-
Interest Rate
4.00% AER -
Minimum Deposit
£1 -
Maximum Deposit
£10m -
Access Type
Easy Access -
Access Methods
Online
Product Features
- FSCS Protected for eligible deposits up to £85,000
- Start to save with just £1, and access your money whenever you like
- Winner – Money Comms Best Easy Access Savings Account Award
- Apply for an account in as little as 15 minutes with a simple streamlined application process
Eligibility Criteria
- Must be a sole trader, partnership, limited liability partnership or limited company with up to 10 partners
- Your business is based in the UK and registered at Companies House
- All partners are 18 or over & UK residents
Fast account opening. Apply in Minutes.
Winner – Money Comms Best Easy Access Savings Account Award
Winner – Money Comms Best Easy Access Savings Account Award
-
Interest Rate
3.82 AER -
Minimum Deposit
£10k -
Maximum Deposit
£ 500k -
Access Type
Easy Access -
Access Methods
Online
Product Features
- 3.82% AER tracking the Bank of England Bank Rat
- FSCS Protected for eligible deposits up to £85,000
- Easy access with one-day notice
- Interest accrued daily and applied monthly*
- No limits or fees on withdrawals
Eligibility Criteria
- Account holders must be a UK resident aged 18 or over
- Minimum balance of 10k
-
Interest Rate
3.55 AER -
Minimum Deposit
£1 -
Maximum Deposit
£ 1 Million -
Access Type
Easy Access -
Access Methods
App/Online
Product Features
- Get £100 cashback and earn 3.55% AER interest when you open a Tide Instant Saver. Terms apply.
- FSCS Protected for eligible deposits up to £85,000
- Interest is paid into the saver monthly
- Earn 3.55% AER (variable) on business savings on deposits up to £50,000
- No limits or fees on withdrawals
Eligibility Criteria
- Account holders must be a UK resident aged 18 or over
- You are a UK sole trader or freelancer or your business is registered with Companies House as a limited company or partnership
Get £100 cashback and earn 3.55% AER interest when you open a Tide Instant Saver. Terms apply.
-
Interest Rate
3.51% AER -
Minimum Deposit
£1 -
Maximum Deposit
£2m -
Access Type
Easy Access -
Access Methods
App/Online
Product Features
- FSCS Protected for eligible deposits up to £85,000
- Custom pricing for larger businesses
- Open an International Revolut Business account at the same time
Eligibility Criteria
- Available for limited companies, PLCs, LLPs, Partnerships & unlimited companies
- Currently available for companies registered in and with a physical presence within the European Economic Area (EEA), Switzerland, UK and US
- Must open a Revolut Business Enterprise business bank account to access savings rate
-
Interest Rate
3.25% AER -
Minimum Deposit
£1 -
Maximum Deposit
No Max -
Access Type
Notice -
Access Methods
App/Online
Product Features
- FSCS Protected for eligible deposits up to £85,000
- 35 days notice required to withdraw
- Manage your account via our mobile app, online or by phone
Eligibility Criteria
- Minimum age required – 18 years old
- Must have a business registered in England, Scotland, or Wales
-
Interest Rate
3.25% AER -
Minimum Deposit
£1000 -
Maximum Deposit
£250,000* -
Access Type
Notice -
Access Methods
Full
Product Features
- FSCS Protected for eligible deposits up to £85,000
- Up to 4 people in your business can manage the account
- *Maximum for Limited Companies and LLPs £250,000, Maximum for all other eligible businesses: £85,000
- Withdraw money by giving 35 days notice
Eligibility Criteria
- Business Must be registered with Companies House
- Have a UK business account
- Fewer than 250 employees
- Less than £36.5 million in assets or less than £42.5 million in turnover
-
Interest Rate
2.75% AER -
Minimum Deposit
£1 -
Maximum Deposit
£1m -
Access Type
Easy Access -
Access Methods
App/Online
Product Features
- FSCS Protected for eligible deposits up to £85,000
- Account fee £79 per month
- Open an International Revolut Business account at the same time
Eligibility Criteria
- Available for limited companies, PLCs, LLPs, Partnerships & unlimited companies
- Currently available for companies registered in and with a physical presence within the European Economic Area (EEA), Switzerland, UK and US
- Must open a Revolut Business Scale business bank account to access savings rate
-
Interest Rate
2.25% AER -
Minimum Deposit
£1 -
Maximum Deposit
£500k -
Access Type
Easy Access -
Access Methods
App/Online
Product Features
- FSCS Protected for eligible deposits up to £85,000
- Account fee £19 per month
- Open an International Revolut Business account at the same time
Eligibility Criteria
- Available for limited companies, PLCs, LLPs, Partnerships & unlimited companies
- Currently available for companies registered in and with a physical presence within the European Economic Area (EEA), Switzerland, UK and US
- Must open a Revolut Business Grow business bank account to access savings rate
-
Interest Rate
1.6% AER -
Minimum Deposit
Any Amount -
Maximum Deposit
Any Amount -
Access Type
Easy Access -
Access Methods
App/Online
Product Features
- FSCS Protected for eligible deposits up to £85,000
- Schedule regular payments in to your savings pot for future needs.
- Interest paid monthly, no minimum deposit.
Eligibility Criteria
- Sole Traders or Ltd companies in the UK only.
- You must have a Monzo business bank account to access the savings pot
-
Interest Rate
1.35% AER -
Minimum Deposit
£1 -
Maximum Deposit
No maximum -
Access Type
Easy Access -
Access Methods
App/Online/Branch
Product Features
- FSCS Protected for eligible deposits up to £85,000
- Top up or access your savings instantly via transfer
- Works with your business current account
Eligibility Criteria
- Your business is registered in the UK;
- All associated persons are resident in the UK and over 18
- You hold a business account: eligibility rules apply
What is AER?
Where you see ‘AER’, this stands for ‘Annual Equivalent Rate’ and is intended to make it easier to compare products. It illustrates how much interest would be earned in one full year on an a set amount of money. It takes into account various factors such as how often the interest is paid, and assumes any interest paid during that year is added to the balance and earns interest (compounded).
Refine Your Search
Corporate Business Savings Accounts Overview
In the UK, adept management of extra funds is vital for companies’ financial health. Corporate savings accounts are tailored to address this need, offering a safe place for additional cash and yielding returns. This guide delves into the realm of UK corporate business savings accounts, aiding companies in finding the best savings options for your business using our comparison services.
Insights into Corporate Business Savings Accounts
What are they for?
A corporate business savings account is a banking solution tailored for companies, enabling them to accrue interest on extra cash. These accounts are pivotal for effective cash reserve management and enhancing returns on unused funds.
Types of Corporate Savings Accounts
- Instant Access Accounts: Allow quick access to funds with relatively lower interest rates.
- Notice Accounts: Demand a withdrawal notice period but usually provide higher interest rates.
- Fixed Rate Accounts: Secure funds at a set interest rate for a specific duration, typically yielding the highest returns.
Important Factors for Corporate Savings
- Interest Rates: The interest rate is a key determinant. Higher rates can notably increase earnings from surplus funds and make a real impact on the future success of your business.
- Fund Accessibility: The ease of access to funds varies with each account type. Balancing liquidity needs with the pursuit of higher returns is essential for companies.
- Minimum Deposit Thresholds: Some accounts may require a minimum deposit, which should correspond with the company’s financial tactics.
- Fees and Expenses: It’s important to be aware of any related fees, as they can influence the net investment return.
- Digital Banking and Account Management: Modern companies require efficient management tools, like online and mobile banking features.
- FSCS Coverage: Verification that the account falls under the Financial Services Compensation Scheme is crucial, ensuring protection for deposits up to £85,000.
Comparing Corporate Savings Accounts
Market Analysis
Examine and contrast offerings from various financial institutions, focusing on interest rates, access conditions, and fees. Our comparison tables are designed to provide a concise overview, facilitating direct online applications for your preferred savings account.
Financial Advisor Consultation
For more detailed and personalised advice on corporate savings options, consulting a financial advisor is advisable, considering the specific financial requirements and objectives of the company.
Economic Climate
The general economic conditions, including trends in interest rates and inflation, should guide the selection of a savings account.
Opening a Corporate Business Savings Account
- Eligibility and Paperwork: Arrange necessary documents, such as company registration details and identification for key personnel.
- Selecting the Appropriate Bank: Factors like the bank’s reputation, customer service quality, and ease of account management should be considered.
- Application Procedure: Most banks provide various application methods, including online, in-person, and telephone options.
In Summary
Corporate business savings accounts in the UK can play a crucial role in a company’s financial strategy, providing a secure repository for surplus funds and an avenue for growth via interest earnings. Selecting the appropriate account type requires careful consideration of the company’s liquidity necessities, financial goals, and the overall economic scenario. With a spectrum of choices, from instant access to fixed-rate accounts, companies can tailor their financial performance optimally. Regular reassessment and adjustment of the savings approach to align with changing business requirements and market dynamics are key to fully leveraging these accounts. In a complex financial landscape, corporate business savings accounts offer not only security and returns, but also the adaptability and control crucial for proficient financial management.