Compare SAVINGS Accounts
for your business today
Time is money. Save both by quickly comparing the
most suitable corporate savings accounts for your business
Tide Instant Saver – £200 Cashback
- New customers, boost your business savings with 4.07% AER variable
- Interest is paid monthly & no limits or fees on withdrawals
- FSCS Protected for eligible deposits up to £85,000
-
Interest Rate
4.07% AER (Variable) -
Minimum Deposit
£1 -
Maximum Deposit
Unlimited -
Access Type
Easy Access -
Access Methods
App/Online
Product Features
- New customers, boost your business savings with 4.07% AER variable
- Min. deposit is £1 with Unlimited Deposits until 31/03/2025
- Interest is paid monthly & no limits or fees on withdrawals
- FSCS Protected for eligible deposits up to £85,000
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
-
Interest Rate
3.83% AER* (Variable) -
Minimum Deposit
£50,000 -
Maximum Deposit
£5MFSCS protected to £85,000 -
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
-
Interest Rate
4.00% AER (Variable) -
Minimum Deposit
£1 -
Maximum Deposit
£10mOnly protected to £85,000 -
Access Type
Easy Access -
Access Methods
App/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
-
Interest Rate
3.35% AER (Variable) -
Minimum Deposit
£85,000£85,000 needed to initially fund business bank account. -
Maximum Deposit
Unlimited -
Access Type
Easy Access -
Access Methods
App/Online
Product Features
- Maximise your business savings with 3.35% AER (variable) interest
- Get access to interest-bearing savings automatically when you open a current account
- Dedicated support from a Business Partner who is only a call or email away
- Interest is paid monthly & no limits or fees on withdrawals
- FSCS protection for eligible deposits up to £85,000
Eligibility Criteria
- Your company has a turnover of over £1 million or you want to deposit a minimum of £85k
- You are a Director at any one of the following company types: Limited Company, Private Unlimited company, PLC, LLP, Overseas Company or certain types of Private Limited companies
- Your company is registered in the UK with Companies House
- You are aged 18 years or over
-
Interest Rate
4.50% AER (Fixed) -
Minimum Deposit
£20,000 -
Maximum Deposit
£2MFSCS protected to £85,000 -
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
-
Interest Rate
4.56% AER (Fixed) -
Minimum Deposit
£20,000 -
Maximum Deposit
£2MFSCS protected to £85,000 -
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
-
Interest Rate
4.60% AER (Variable) -
Minimum Deposit
£20,000 -
Maximum Deposit
£2MFSCS protected to £85,000 -
Access Type
Notice -
Access Methods
App/Online
Product Features
- FSCS Protected for eligible deposits up to £85,000
- Apply online today
Eligibility Criteria
- Minimum Initial Deposit – £20,000
- Minimum Age 18 Years
- Available for registered companies based in the UK
-
Interest Rate
4.70% AER (Variable) -
Minimum Deposit
£20,000 -
Maximum Deposit
£2MFSCS protected to £85,000 -
Access Type
Notice -
Access Methods
App/Online
Product Features
- FSCS Protected for eligible deposits up to £85,000
- Apply online today
Eligibility Criteria
- Minimum Initial Deposit – £20,000
- Minimum Age 18 Years
- Available for registered companies based in the UK
-
Interest Rate
4.07% AER (Variable) -
Minimum Deposit
£1 -
Maximum Deposit
Unlimited -
Access Type
Easy Access -
Access Methods
App/Online
Product Features
- Get £200 Cashback & Earn 4.07% AER (variable) . Ts&Cs Apply.
- Boost your savings seamlessly with the Tide Instant Saver
- Interest is paid monthly & no limits or fees on withdrawals
- FSCS Protected for eligible deposits up to £85,000
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
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).
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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.