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4.08% AER*

Allica Bank

Instant Access Business Savings

Interest Rate

4.08% AER* (variable)

Interest Paid

Monthly

Open With

Min: £50000
Max: £5000000

Notice Period

None

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More info

Earn up to 4.08/% AER (variable)* on Instant Access Savings Pot, interest paid monthly. Eligibility criteria and T&Cs apply.

Eligible customers are covered by FSCS up to £85,000

Unlimited withdrawals

×

Allica Bank

Instant Access Business Savings

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Allica bank
Allica bank

Earn up to 4.08/% AER (variable)* on Instant Access Savings Pot, interest paid monthly. Eligibility criteria and T&Cs apply.

Eligible customers are covered by FSCS up to £85,000

Unlimited withdrawals

Eligibility

To open this account

• Your business must have been incorporated for at least 12 months and you must have £50,000 minimum balance OR have a loan product with Allica
• Businesses keeping less than £50,000 in the account may earn a reduced rate of interest and may incur fees
• Your business must be based in the UK
• The application must be completed by an authorized individual of the business (for example, a director or the company secretary of a limited company or a designated member of an LLP)
• *Rates correct as of 7th August 2025. Subject to eligibility – see Savings Pot Key Product Information for more details
• *Rate includes standard rate of 3.08% AER, plus a 0.5% boost each month if you make 15 bank transfers the previous month, and a 0.5% boost for six months
• if you complete a successful switch with the Current Account Switch Service (CASS). Eligibility criteria and T&Cs apply

Product features

• *Rate includes standard rate of 3.08% AER, plus a 0.5% boost each month if you make 15 bank transfers the previous month, and a 0.5% boost for six months if you complete a successful switch with the Current Account Switch Service (CASS). Eligibility criteria and T&Cs apply
• Eligible customers are covered by FSCS up to £85,000
• Unlimited withdrawals

Key facts

• Open With
  Minumum: £50,000
  Maximum: £5,000,000
• Mobile app
  Yes
• Interest
  4.08% AER* (variable)
• Interest Paid
  Monthly
• Fixed Rate
  Variable

View Account
View Account

Tide Banking

Business Savings Accounts

Interest Rate

4% AER

Interest Paid

Monthly

Open With

Min: £1
Max: £85000

Notice Period

None

View Account
View Account
More info

Interest Paid Monthly

Anytime Access to your money

Track everything in app.

FSCS-Protected, Bank Account by ClearBank

×

Tide Banking

Business Savings Accounts

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View Account
Tide.co
Tide.co

Interest Paid Monthly

Anytime Access to your money

Track everything in app.

FSCS-Protected, Bank Account by ClearBank

Eligibility

To open this account

• Account holders must be a UK resident aged 18 or over.
• You need to have an active Tide Business Account
• The account can be opened by sole traders and limited companies.
• The minimum opening deposit is £1
• You can only add funds into your Tide Instant Saver Account by transferring them from your main Tide Business Account.
• We may apply certain limits to how much you can deposit in your Tide Instant Saver Account.

Product features

• The interest rate applicable to your Tide Instant Saver Account is a variable rate.
• The interest rate is currently up to 4.00% AER
• View your accounts all at once Get a full, transparent view of your cash flow – find all your account balances and transaction history in the app
• Save at your own pace With no regular deposits required, notice periods or penalties on withdrawals, you can save without stress
• It’s hassle-free Easily move money into your Instant Saver Account.
• Manage everything from one place Track everything in app, in minutes – your savings are with you 24/7
• Keep your money protected at all times
• Withdraw money as often as you like.
• FSCS-Protected, Bank Account by ClearBank

Key facts

• Open With
  Minumum: £1
  Maximum: £85,000
• Mobile app
  Yes
• Interest
  4% AER
• Interest Paid
  Monthly
• Fixed Rate
  None

Terms & Conditions

Save more, earn more—up to 4.00% AER (variable). Interest rates are tiered, with the top rate for balances over £1 M. Each tiered rate applies to the portion within that range. New Tide members get these rates free for 6 months; after that, your Tide plan’s rates apply. Powered by Clearbank.

FSCS-Protected, Bank Account by ClearBank

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View Account

Our comparison service features a selection of providers from whom we receive commission. This table is ordered according to our commercial arrangements.

How Do Business Savings Accounts Work?

Business Savings Accounts are almost identical to personal savings accounts, except they're specifically tailored to meet the needs of businesses. Like personal savings accounts, Business Savings Accounts enable you to earn interest on the money your business deposits into your account. This interest rate can be fixed (meaning it stays the same) or variable (meaning it fluctuates) depending on the account type.

The steps for opening a Business Savings Account are quite straightforward:

1. Compare accounts and find the one you want

2. Click to apply and enter your details

3. The provider will assess your application

4. Once approved, make your first deposit.

It's that simple. Once your account is open, you can start earning interest on your deposits.

Maximising Interest on Your Business Savings

Maximising the value of your business's idle cash means more than just opening an account; it requires a strategic approach. Once you compare business savings accounts and identify those with the best business savings rates, use these tips to ensure your money is working as hard as possible for your company.

1. Match Your Savings Goal to the Right Account

The best business savings rates often involve a trade-off between the interest earned and the access to your funds. Maximise your interest by matching your savings goal to the ideal account type:

• Emergency Funds: Choose Easy Access accounts. While they offer lower interest rates, the flexibility is essential for covering unexpected costs.

• Planned Short-Term Expenses: Look at Notice Accounts. These require you to provide a set number of days' notice before withdrawal, but typically offer higher interest rates than easy-access options in exchange for that planning.

• Long-Term Reserves: Secure a Fixed-Term Bond or Deposit. These lock your money away for a set period in exchange for the highest guaranteed interest rate. Only commit funds you are sure you will not need during the term, as early withdrawal often incurs a penalty.

2. Regularly Compare and Consider Switching

To secure the best business savings rates, you should treat your savings like an active investment.

• Review Your Rate: Variable rates can fluctuate, and fixed-term accounts revert to lower rates upon maturity. Schedule regular reviews to ensure your account remains competitive and up-to-date.

• Use Business Saving Accounts Comparison Tools: Regularly compare business savings accounts from multiple providers, not just your main business bank. Challenger banks and online providers often offer more aggressive rates to attract new business deposits.

• Check for Introductory Offers: Some accounts may offer a bonus rate for the first year. Be prepared to switch when this bonus period ends to maintain a high yield.

3. Utilise Tiered Interest Rates

Many business savings accounts offer tiered interest rates, meaning the rate increases as your balance crosses certain thresholds.

• Hit the Tiers: Ensure your funds are consolidated to hit the highest possible tier your business can realistically achieve.

• Split Your Cash: If your total savings exceed the protection limit (often £85,000) for a single, covered institution, consider splitting the surplus across different providers to keep all your funds protected and ensure each deposit benefits from the highest available rate tier.

By taking a strategic approach and using a consistent business savings account comparison, you can significantly boost the returns on your business's cash reserves.

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What are the Benefits of a Business Savings Account?

Future Business Growth

By earning interest on your savings, you can accumulate funds that you can use to grow your business in the future.

Better Financial Management

By separating your business savings from your operating accounts, you enable better financial management.

Saving Incentives

Some Business Savings Accounts have limited withdrawal features, incentivising your business to grow its savings.

What Type of Business Savings Accounts are Available?

Instant & Easy Access Accounts

Instant and Easy Access Savings Accounts allow you to deposit and withdraw money whenever you need to, making them the most flexible savings account type available. The trade-off for this flexibility is typically lower interest rates than other Business Savings Account types.

Notice Accounts

Notice Accounts provide a middle ground between Easy Access and Fixed Rate Accounts. You can typically make regular deposits, but you need to give notice (usually between 30 and 90 days) to withdraw funds. In exchange, you get access to more competitive interest rates.

Fixed Term & Fixed Rate Accounts

Fixed Term and Fixed Rate Accounts usually offer the highest interest rates of all savings account types in exchange for limited access to your funds for a predetermined period. This period will be set when you open the account and make your deposit, with terms ranging from 6 months to a year and longer.

It's important to note that with a Fixed Rate Account, you agree not to withdraw your funds during the predetermined period. Some providers may allow you to make an early withdrawal, but you may incur a penalty.

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Why Compare Business Savings Accounts with Us?

It's Free

We don't charge for our comparison service, and we never will. Our service is completely free to use, so why not give it a go?

We Cut Through the Jargon

We know your time is valuable, which is why we endeavour to explain anything in plain English.

We Search the Market for You

We work with partners we trust to bring you Business Savings Accounts with competitive interest rates in one convenient location.

Business Savings Account FAQs

Which is the best business savings account?

The best business savings account for you will depend on how you want to access your savings. We've put together a more detailed guide on the main savings account types further up this page, but a simplified explanation is as follows:

• Instant and Easy Access Accounts: Better for businesses wanting to make more frequent withdrawals

• Notice Accounts: Better for businesses wanting to make less frequent withdrawals

• Fixed Term and Fixed Rate Accounts: Better for businesses who can commit to a predetermined withdrawal upon opening the account.

While it's important to get the right savings account for your business, it's worth noting that savings accounts with more limited withdrawal options typically offer more competitive interest rates.

How can I get the best business savings rates?

Comparison is key to finding the best interest rate, which is why we work with providers we trust to offer you a selection of Business Savings Accounts. However, to get the best business savings rate, it's typically best to look for an account with limited withdrawal options, such as a Fixed Rate Account with a longer fixed term.

Are charity savings accounts available?

Yes, many Business Savings Account providers offer charity savings accounts, as well as Savings Accounts for a variety of business types.

How do I compare business savings accounts?

You can compare Business Savings Accounts in a variety of ways. The most common two options are:

1. Spend time checking each individual provider's accounts and rates

2. Use a comparison service to compare a range of providers in one place.

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