Choosing a business savings account can be tricky. After all, in 2025, the UK had some 328 listed and licensed options!
How do you pick? The good news is that some banks are better than others. For many, you can easily compare things like savings rates, monthly fees, and reputation to make a good selection.
We’ve compiled the top 38 best business savings accounts in the UK for the year, with insight into offerings, business savings rates, account types, and reputation. Let’s take a look!
Business Savings Account | Savings Account Rates* | Account Type | Rating | Monthly Fee |
---|---|---|---|---|
Wise Business | 4.2% | Instant Access | 4.1 | 0.56% annual fee on savings |
Tide | 4.07-3.92% | Instant Access | 4.1 | None |
Shawbrook Bank | 3.56%-4.60% | Instant, Notice, or Fixed | 4.7 | None |
Allica Bank | 3.35%-4.70% | Instant, Notice, or Fixed | 4.7 | None |
UBL UK | 3%-4.46% | Instant, Notice, or Fixed | 4 | None |
The Bank of London | 3.56% - 4.39% | Instant or Notice | 3.7 | None |
Kent Reliance | 3.94% | Instant Access | 4.0 | None |
Cynergy Bank | 4%-4.60% | Instant or Notice | 3.9 | None |
Charity Bank | 3.04%-4.26% | Instant, Notice, or Fixed | 4.0 | None |
OakNorth | 3.35%-4.5% | Instant or Notice | 4.8 | None |
Virgin Money UK | 1.91%-4.33% | Instant, Notice, or Fixed | 3 | None |
Newcastle BS | 3.25%-3.5% | Instant or Notice accounts | 4.2 | None |
Mansfield BS | 3%-4.25% | Fixed, Notice, Quarterly | 4.5 | None |
Dudley BS | 3.5%-4.10% | Instant, Notice, or Fixed | 3.5 | None |
Aldermore | 3.40%-4.05% | Fixed or instant access | 4.6 | None |
Revolut | 2.25%-3.51% | Instant access | 4.3 | £0-£79 |
Saffron BS | 0.75%-3.95% | Instant or Notice | 3.8 | None |
Cumberland BS | 2.95%-3.85% | Instant, Notice, or Fixed | 4.3 | None |
Recognise Bank | 3.15%-4.50% | Instant, Notice, or Fixed | 4.5 | None |
Oxbury Bank | 3.66%-4,61% | Instant, Notice, or Fixed | 4.6 | None |
Buckinghamshire BS | 2.2%-4.10% | Instant or Notice | 4 | None |
ICICI Bank UK | 2.60% | Instant | 3.5 | None |
HTB | 4.10%-4.55% | Instant, Notice, or Fixed | 4.3 | None |
Loughborough BS | 1.90%-3.95% | Instant or Notice | 4 | None |
Progressive BS | 2.25%-4.05% | Instant, Notice, or Fixed | 3.5 | None |
Unity Trust | 2.25%-4.25% | Instant, Notice, or Fixed | 3.8 | None |
Allied Irish Bank | 1.5%-2.75% | Instant, Notice, or Fixed | 3.6 | None |
Nationwide | 2%-4.50% | Instant, Notice, or Fixed | 3.5 | None |
DF Capital | 4.76% | Notice | 4.2 | None |
Bath BS | 2.24%-2.60% | Instant or Notice | 4.6 | None |
NatWest | 1.26%-3.49% | Instant, Notice, or Fixed | 3.1 | None |
Lloyds Bank | 1.80%-3.46% | Instant, Notice, or Fixed | 3.6 | None |
Bank of Scottland | 1% - 3.52% | Instant, Notice, or Fixed | 3.9 | None |
Royal Bank of Scotland | 1.26%-3.49% | Instant, Notice, or Fixed | 3.9 | None |
CAF Bank LTD | 1.50%-5% | Instant, Notice, or Fixed | 3.2 | None |
Metro Bank | 1.75%-2% | Instant, Notice, Fixed | 4 | None |
Earl Shilton BS | 2.30%-3.55% | Instant, Notice | 4 | None |
*All rates were calculated in February 2025 and may be subject to change at any time. Use these rates as a baseline and check actual current rates before making a decision.
1. Wise Business
Wise is a financial technology company with an eMoney license in the UK, and is headquartered in the UK. In 2024, the non-traditional bank had revenue of £1.3 billion, making them one of the larger banks in the UK.
As a non-traditional bank, not everyone is keen to place their trust and hard-earned funds in Wise. However, with variable returns, daily gains, and instant access to your savings, Wise is a great choice especially for businesses that need ongoing access to capital.
- 4.2% returns on GPB business savings
- 0.56% annual fee on savings
- Daily payouts
- Investments in government-backed schemes
- Variable rates
- Instant access business savings
- £45 registration fee
Website: https://wise.com/
2. Tide
Tide is another large eMoney financial institution. This means they aren’t a traditional bank. However, Tide offers one of the best business savings accounts in the UK. In fact, as of 2025, Tide serves over 10% of all UK-based small-to-medium-size businesses!
Tide steps away from traditional business banking by cutting banking fees. However, you will pay for services that you’d normally get for free with your high street business bank.
- 4.07% AER on new accounts / 3.92% after 6 months
- Variable instant access savings accounts
- No earnings on savings balances over £75,000 after 6 months
- Monthly interest payouts
- No monthly fees or registration fees
Website: https://www.tide.co/
3. Shawbrook Bank
Shawbrook Bank is a business bank offering a range of banking services including loans, property finance, and business savers. Shawbrook stands out as a business savings account backed by traditional banking.
It also won multiple awards for the best business saver account in the UK in 2024. And, with over 300,000 businesses switching to Shawbrook that year, that’s a lot in the bank’s favor.
- Rates from 3.56% to 4.60%
- 16 savings account options including fixed, variable, and notice accounts
- FSCS protected to £85,000
- Monthly or annual interest
- Open an account from £1,000- £2,000,000
- No monthly fees
Website: https://www.shawbrook.co.uk/
4. Allica Bank
Allica Bank is a UK-based challenger bank focusing on business lending, current, and savings accounts. Founded in 2019, Allica has risen to one of the fastest growing banks in the UK.
It also offers a range of business savings account options with your choice of fixed, notice, and easy-access options. Plus, with industry-leading savings rates, it’s very easy to see why Allica is so popular.
- 3.35%-4.70% savings rates
- Fixed, Notice, or Easy Access Accounts
- FSCS protected to £85,000
- £20,000 minimum investment on most accounts / £2,000,000 maximum
- No monthly fees
Website: https://www.allica.bank/
5. UBL UK
UBL or United Bank Limited is a wholesale bank offering traditional banking including a range of business savers.
The bank is headquartered in Pakistan, but is owned by UK conglomerate Bestway Group. The bank has also been operating since 1959 with a long history of positive customer reviews.
It’s also one of the few traditional banks with no real limits on deposits and allows for high deposits into business savings accounts. That makes this a great fit for companies of all sizes.
- 3%-4.46% savings rates
- Instant Access (Sterling Savings), Fixed Term, and Notice accounts available
- Minimum deposit of £1, maximum deposit of £1,000,000
- FSCS protected to £85,000
- No monthly fees
Website: https://www.ubluk.com/
6. The Bank of London
The Bank of London (TBOL) is a UK-based clearing, correspondent, and wholesale bank. Founded in 2021, The Bank of London still counts as a startup. However, it’s only the 6th clearing bank in the UK.
It’s also relatively unique in that it doesn’t lend, invest, or leverage savings accounts. Instead, you get unencumbered deposits, which aren’t affected by bank runs, only by changes in interest.
That approach for “safer” banking is a pro to anyone who needs access to money more quickly and means you’ll have full access to any business savings at any time.
- 3.56%-4.39% savings rates tracked to Bank of England rate
- Easy access or notice accounts available
- No minimum deposit, no maximum deposit
- FSCS protected to £85,000
- No fees on savings accounts
Website: https://thebankoflondon.com/
7. Kent Reliance
Kent Reliance is a part of OneSavings Bank and is based in Kent. It’s also primarily a business bank, with retail loans and investments, as well as business savings.
It also offers a single business savings plan making it easy to choose options. Here, you get a variable rate account with your choice of monthly or annual interest.
However, it’s limited to private limited (Ltd) companies and your company must have a minimum of 3 directors to qualify.
- 3.94% AER
- Variable rate easy access account
- Monthly or annual interest
- Minimum deposit of £1,000 maximum deposit of £1,000,000
- FSCS protected to £85,000
- No fees for savings accounts
Website: https://www.kentreliance.co.uk/
8. Cynergy Bank
Cynergy Bank is a London-based bank offering a full range of banking to private and business users. Its business saver portfolio includes notice and instant access accounts.
In addition, with Cynergy, you get interest on business current accounts. That means you can earn interest on cash flow rather than just savings, which may be a perk for businesses with fast-moving capital.
- 4%-4.6% AER on business saver accounts
- Up to 2.5% AER on current accounts
- Instant Access and Notice accounts available
- FSCS protected to £85,000
- £5,000 minimum deposit / £10,000,000 maximum deposit
- No fees for savings accounts/ £5 monthly fee for business current account
Website: https://www.cynergybank.co.uk/
9. Charity Bank
Charity Bank is a self-proclaimed “bank for good” where savings are invested into charities and social enterprises. That’s good for your business’ footprint but still delivers high prospective returns on your business saver account.
For example, the Turnbridge-based bank offers returns comparable to leading high street banks. Plus, you have options for extras for organizations investing in community.
- 3.04%-4.26% AER
- Easy Access, Fixed Rate (1-year) and business notice accounts available
- FSCS protected to £85,000
- CITR accounts with tax relief up to 5% per year
- Minimum deposit of £1,000, maximum deposit of £500,000+
- No fees for savings accounts
Website: https://www.charitybank.org/
10. OakNorth
OakNorth is a British bank specializing in business savings. It’s also part of the banking revolution and was founded in 2015.
However, unlike many newer banks, OakNorth has a full banking license rather than an eMoney license, making it more reliable than competitors like BunQ and Revolut.
What’s the catch? You’ll need a business turnover of at least £1 million to qualify. In addition, the full board must be tax residents in the UK.
- 3.35%-4.5% AER
- Instant access or notice accounts available
- Daily earnings for instant-access accounts
- FSCS protected to £85,000
- Minimum business turnover of £1,000,000
- No fees for savings accounts
Website: https://oaknorth.co.uk/
11. Virgin Money UK
Virgin Money UK is a British banking company owned and operated by the Nationwide Building Society. The bank delivers full-service banking including business current accounts and savers.
Here, you get a selection of instant access, notice, and fixed term accounts. Plus, if you opt for Virgin Money for your business current account, you could earn up to 1.25% interest on all capital, with no maximum balance restrictions.
- 1.91%-4.33% interest rate, typically tracked at 0.5-0.74% below Bank of England Base Rate
- Instant Access, Notice, and Fixed accounts available with 13 account options
- Some account options require a current account with Virgin money
- Monthly Interest
- FSCS protected to £85,000
- Minimum deposit of £1m maximum deposit of £2,000,000
- No fees for savings accounts
Website: https://uk.virginmoney.com/
12. Newcastle BS
Newcastle Building Society or Newcastle BS is one of the top 10 largest building societies in the UK.
Like all building societies, Newcastle focuses investments on delivering home and home building mortgages across the region, making this a great choice for businesses that want to actively invest back into local community.
Newcastle does have some restrictions on who can join. For example, you must have fewer than 250 employees and a turnover under £42.5 million.
- 3.25%-3.5% AER
- Instant access and Notice accounts available
- Available for sole traders and limited companies
- Monthly interest
- FSCS protected to £85,000
- Minimum deposit of £1000 maximum deposit of £1,000,000
- No monthly fees for savings accounts
Website: https://www.newcastle.co.uk/
13. Mansfield BS
Mansfield BS is a Building Societies Association bank offering a selection of business and charity saver accounts. All funds are invested into community housing and building projects. In addition, charity savers go up to 4.25%, one of the highest rates in the UK.
Local accounts can also benefit from up to 2.5% monthly payouts on deposit/current accounts with a minimum balance of £100,000. That makes this a perfect fit for local businesses.
However, Mansfield BS has limited online services and self-service.
- 3%-4.25% AER
- Fixed, Notice, and Quarterly access accounts
- 2.25-2.5% on deposit accounts
- Annual or on-maturity payouts
- Minimum deposit from £1,000 but up to £25,000
- FSCS protected to £85,000
- No online banking
- No fees for saver accounts
Website: https://www.mansfieldbs.co.uk/
14. Dudley BS
This Building Society Association saver account offers 12 business savings options for local and UK-based customers. However, many of its business savings accounts are only available to existing customers.
In addition, you’ll only get passbook accounts, with no online management or access. That means you’ll want to ensure you have a Dudley branch nearby before opening an account.
- 3.6%-4.10% AER
- Fixed, Notice, or Easy access account options
- Minimum balance of £250- £1,000, maximum balance of £1,000,000
- Not all savers are available to new customers
- FSCS protected to £85,000
- Annual interest
- No fees on saver accounts
Website: https://www.dudleybuildingsociety.co.uk/
15. Aldermore
Aldermore is a business bank specializing in small-to-medium-sized businesses. It also offers three business savers to UK customers, with easy access and fixed options.
The bank also has a minimum deposit of £1,000 across all options. The bank also has multiple awards for customer service and satisfaction, which is a great perk if you’ve had bad experiences with banks in the past.
- 3.40%-4.05% AER
- Fixed or easy access accounts
- Terms of 6 months or 1 year
- Minimum account balance of £1,000
- FSCS protected to £85,000
- Not available for businesses owned or partly owned by U.S. citizens
- No monthly fees for saver accounts
Website: https://www.aldermore.co.uk/
16. Revolut
Revolut is one of the largest Neobanks in the UK. Revolut achieved its banking license in 2024, officially making it a bank instead of a financial institution.
It also scales interest to your savings account type, meaning you pay more for additional interest rates. However, Revolut doesn’t compare well to similar neobanks in terms of interest, so you might not want this option unless you’re already using a Revolut current account.
- Rates from 2.25% to 3.51%
- Instant access accounts available
- No minimum account balance / maximum depends on account type
- FSCS protected to £85,000
- Monthly fees from £10-£90
Website: https://www.revolut.com/
17. Saffron BS
Saffron Building Society delivers 8 business saver accounts with AER up to 3.95%. In addition, unlike most building societies, you get online banking as well as branch and post management.
Most saver account options are also open to new Saffron customers. That makes this building society option stand out, although most options have only annual interest and lower AER than some competitors.
- Interest of 0.75% to 3.95%
- Easy access, fixed, and notice accounts available
- Minimum deposit £1,000/maximum deposit £5,000,000 depending on account
- Fixed terms up to 2 years
- 8 business savings account options
- FSCS protected to £85,000
- No monthly fees for business savers
Website: https://www.saffronbs.co.uk/
18. Cumberland BS
The Cumberland or Cumberland BS is a Carlisle-based Building Societies Association organization. It’s one of the oldest in the UK with a founding date in 1850.
It also offers four business savers to UK-based businesses. And, with eBanking available, you won’t be stuck with post or branch deposits and management. That, plus a highly completive fixed and notice rate makes this bank a great choice for most, even if you don’t live in the region.
- 2.95% to 3.85% AER
- Instant access, fixed, or notice accounts available
- Minimum balance £1/ maximum balance £1,000,000 , minimum balance of £10,000 for fixed-rate accounts
- FSCS protected to £85,000
- No monthly fees for business savers
Website: https://www.cumberland.co.uk/
19. Recognise Bank
Recognise Bank is a banking solution specialising in personal banking and business loans. However, it also offers a range of business savings accounts. It’s also UK based and FSCS backed.
Business savers also include a full suite of saver options all designed for small businesses. It’s also one of the only “neobanks” to offer 9 different savings options, so you get plenty of options no matter what you’re looking for.
- 3.15%-4.50% AER
- Easy access, fixed, and notice accounts available
- Increased interest rates for accounts over £85,000
- FSCS protected to £85,000
- Up to four account managers
- Monthly or annual earnings
- No fees for savings accounts
Website: https://www.recognisebank.co.uk/
20. Oxbury Bank
Oxbury Bank is an agricultural bank specialising in supporting farms and farmers. That means accounts are available to agricultural businesses.
It also means your savings funds are invested to support British farming and the farm industry. That does mean you’ll need a CHP or SBI number to be eligible. However, you’ll get a choice of 7 farmer business savings accounts with some of the most competitive rates on the market.
- 3.66%-4.61% AER
- Easy Access, Notice, and Fixed accounts available
- One of the highest short-term bond account rates in the UK at 4.54% for 3-month bond
- Up to 1-year fixed rates
- Minimum deposit £1,000/maximum deposit £1,000,000
- FSCS protected to £85,000
- No monthly fees
Website: https://www.oxbury.com/
21. Buckinghamshire BS
The Buckinghamshire Building Society is one of the largest building societies in the UK, with 11,400 members despite having just one branch. It also offers 9 different business saver accounts, with highly competitive rates.
However, some savings accounts will require that you have a Buckinghamshire business, so it won’t be accessible from everywhere. Otherwise, you can also opt for a pay it forward account, where a portion of interest goes back to the community.
- 2.2%-4.1% AER
- Instant Access and notice accounts available
- Interest on client deposit accounts
- No fixed rates
- Minimum deposit £1,000/maximum deposit £750,000
- FSCS protected to £85,000
- No monthly fees
Website: https://www.bucksbs.co.uk/
22. ICICI Bank UK
ICICI Bank UK is a German bank operating in the UK since 2003 and specializing in corporate and business banking.
As of 2025, UK business savings accounts receive a flat 2.60% AER. However, with an account limit of up to £5,000,000, ICICI allows you to earn on much larger savings than many other British banks.
In addition, earnings are accumulated daily. However, you will need a Current Account with ICICI.
- 2.60% AER
- Instant access account available
- Only available with a current account
- Minimum balance £1/Maximum balance £5,000,000
- £250 account opening fee
- FSCS protected to £85,000
- No monthly fee
Website: https://www.icicibank.co.uk/
23. HTB
Hampshire Trust Bank or HTB is a specialist bank offering a large number of highly tailored offerings. For general business, you can qualify for fixed, notice, and easy access accounts with deposits of up to £750,000.
HTB is also consistently one of the highest rated banks in the UK. Its savings accounts also stand out. In addition, if you have a specialist business, you can qualify for tailored savings accounts, specific to your needs.
- 4.10-4.55% AER
- Easy access, notice, and fixed rate accounts available
- Custom charity savings accounts
- Up to 3-year fixed rates
- FSCS protected to £85,000
- Minimum deposit £5,000/maximum deposit £750,000
- No monthly fee
Website: https://www.htb.co.uk/
24. Loughborough BS
The Loughborough Building Society offers a range of business savings plans to UK-based small and medium businesses.
It also offers custom accounts for charities. However, some accounts require that you live in Loughborough and so aren’t suitable to everyone.
Loughborough also offers a quarterly access account, ideal if you sometimes need access to savings but don’t know when that will be.
- 1.90% – 3.95% AER
- Instant access, quarterly, and notice accounts available
- 6 business savings account options
- Only available to UK residents
- Minimum deposit of £1,000 for most accounts / maximum balance of £750,000 across all Loughborough accounts
- FSCS protected to £85,000
- No monthly fee
Website: https://www.theloughborough.co.uk/
25. Progressive BS
Progressive Building Society is the only locally owned savings and mortgage provider in Northern Ireland.
It does offer some online banking. However, to open an account, you’ll want to go to one of its 11 branches.
In addition, with 5 business savings plans, you’ll have plenty of options, whether you want instant access to funds or a 2-year bond. Progressive also offers post banking, though you’ll still have to be located in Northern Ireland.
- 2.25%-4.05% AER
- Instant, Notice, or fixed rate savings available
- Minimum deposits of £500, £1,000, or £5,000 depending on account/ Maximum of £3,000,000
- Up to 2-year fixed rates
- FSCS protected to £85,000
- No monthly fees
Website: https://theprogressive.com/
26. Unity Trust
Unity Trust Bank is one of the only banks in the UK specialising in the not-for-profit sector. That means you’re only applicable for a business savings account with Unity Trust if you operate not-for-profit or for social impact.
However, Unity Trust offers ethical banking with transparent investments in UK-based projects. Despite that, you still get highly competitive rates on all savings accounts.
- 2.25%-4.25% AER
- Fixed term, 30 day, instant access, and 90 day options
- No minimum or maximum deposit on instant access accounts
- £50,000 minimum deposit on most accounts, £85,000 minimum deposit on 30 and 90 days fixed rate accounts
- FSCS protected to £85,000
- No fees for savings accounts
Website: https://www.unity.co.uk/
27. Allied Irish Bank
The Allied Irish Bank or AIB is one of the largest (big four) banks in the Republic of Ireland.
In the UK, while the bank uses traditional banking, you’ll still get good rates on returns. This is partially offered by monthly compounding rates, which means the 2.77% AER on a 2-year fixed term account turns into roughly 5.58% by maturity.
You’ll also get options for demand deposit and business notice accounts as well. However, demand deposit accounts offer an AER of 0.25%.
- 1.5%-2.75% AER
- Minimum balance of £0-£15,000 depending on account
- Fixed term, notice, and instant access accounts available
- Ireland-based
- No maximum on most accounts
- No fees for savings accounts
Website: https://aib.ie/
28. Nationwide
Nationwide is one of the only customer-owned banks in the UK.
It also offers business savings plans to small businesses, with an annual turnover of less than £10 million. That makes this an ideal choice for small businesses looking for an alternative to traditional banking but who don’t want to go to a neobank.
On the other hand, Nationwide often has a waitlist for business savings, which means you may have to be an existing customer to open a business savings account.
- 2%-4.50% AER
- Instant access, notice, and fixed rate accounts available
- Corporate banking options available for high balances
- Minimum balance of £5,000
- FSCS protected to £85,000
- No fees for business savings accounts
Website: https://www.nationwide.co.uk/
29. DF Capital
DF Capital is a new bank launched in 2016 to meet the needs of manufacturing and construction businesses. Today, it’s expanded into more traditional business and personal savings and lending.
However, DF Capital still has strong business savings offerings that change depending on availability. But with up to 4.76% AER on its standard account, DF Capital offers one of the highest savings rates in the country.
- 4.76% AER
- Notice business account
- Minimum balance £20,000/ maximum balance £250,000
- FSCS protected to £85,000
- No fees for business savings accounts
Website: https://www.dfcapital.bank/
30. Bath BS
Bath Building Society invests in local communities, including small to medium businesses in the UK. A business saver with Bath BS invests in local housing, charity, and efforts, allowing you to invest back into community.
In addition, rates are reasonably competitive, although not as good as some other UK Building Societies. However, you do get online account management and options for multiple types of savings accounts. That includes custom options for charities.
- 2.24%-2.60% AER
- Notice and Instant access accounts available
- Fixed term accounts sometimes available
- Minimum deposit of £1/maximum of £1,500,000
- Must be UK-based
- FSCS protected to £85,000
- No fees for business savings accounts
Website: https://www.bathbuildingsociety.co.uk/
31. NatWest
As one of the only UK high street banks to make this list of the best business saving accounts in the UK, NatWest is worth paying attention to.
It’s one of the largest banks in the UK, which means you benefit from customer service, easy access to online banking and apps, and a large number of services.
You also get business banking solutions including business savings accounts. That includes instant access, notice accounts, and fixed term accounts earned daily and paid at maturity.
- 1.26%-3.49% AER
- Instant access, notice, and fixed accounts available
- No NatWest current account needed, however, NatWest offers no-fee current accounts for 2 years for new businesses
- No minimum or maximum account balances
- FSCS protected to £85,000
- No fees for Savings accounts
Website: https://www.natwest.com/
32. Lloyds Bank
Lloyds Bank is the second largest bank in the UK and one of the largest in the world.
It’s also a great choice for business savings accounts, with surprisingly competitive rates. For example, it’s one of the two top five banks to offer rates over 2%!
As a big bank, Lloyds also offers security, plenty of other banking services, online services and self-service, and hundreds of branches. Plus, with a maximum deposit of £5 million, you’ll have more options to earn on higher balances than with many smaller banks.
- 1.80%-3.46% AER
- Fixed, notice, and instant access accounts
- Minimum deposit of £10,000 for fixed and notice accounts, maximum of £5,000,000
- Rates fixed for 6-month terms
- FSCS protected to £85,000
- No fees for Savings accounts
Website: https://www.lloydsbank.com/
33. Bank of Scotland
The Bank of Scotland is a commercial clearing bank. It’s also part of Lloyds Bank. However, it offers its own rates and savings accounts, with different rates than Lloyds.
Of course, most Bank of Scottland branches are located in Scottland, so this is the best fit if you’re in Scottland. Otherwise, you can generally create an account online in minutes, provided you’re a UK resident and have a registered business.
- 1%-3.52% AER
- Fixed, Notice, and instant access accounts
- Fixed and notice accounts require a minimum deposit of £10,000 for fixed and notice accounts, maximum of £5,000,000
- Fixed terms extend up to 1 year
- FSCS protected to £85,000
- No fees for Savings accounts
Website: https://business.bankofscotland.co.uk/
34. Royal Bank of Scotland
Royal Bank of Scotland is one of the largest banks in Scotland. However, it is owned by NatWest.
Here, you can get terms and rates similar to those offered by NatWest. For example, new businesses can access a current account with no fees for up to 2 years. You also get similar savings options, with instant access, notice, and fixed term options.
Otherwise, rates are exactly the same as NatWest, only that the location and the brand name are different.
- 1.26%-3.49% AER
- Instant access, notice, and fixed accounts available
- No minimum of maximum account balances
- FSCS protected to £85,000
- No fees for savings accounts
Website: https://www.rbs.co.uk/
35. CAF Bank LTD
The Charities Aid Foundation Bank or CAF Bank LTD is one of the few banks in the UK specialising in charities. Its portfolio includes business savings for charities as well as lending and investing opportunities.
CAF also invests in social good, meaning your savings account goes towards a good cause. However, you’ll have to be a registered charity to qualify.
CAF does not offer savings accounts to new customers. Therefore, you’ll need an existing CAF current account to open a saver.
- 1.50 -5% AER
- Instant access, fixed, and notice accounts
- No minimum account balance
- Accounts not available to new customers
- FSCS protected to £85,000
- No fees for savings accounts
Website: https://secure.cafbank.org/
36. Metro Bank
Metro Bank is a self-described “relationship bank”, putting the focus on customer service first. The bank offers your choice of instant access, fixed term, and notice bank accounts.
You also get variable interest rates depending on which account option you choose. In addition, you can opt for a deposit account with interest, so you earn on incoming cashflow. At 0.75%, it’s also competitive with other leading rates.
Of course, Metro offers fewer online and self-service options than many competitors and really does want you to walk into a branch and talk to a real person.
- 1.75%-2.00% AER
- Fixed, Notice, or Instant Access accounts available
- Minimum deposit of £5,000
- FSCS protected to £85,000
- No fees for savings accounts
Website: https://www.metrobankonline.co.uk/
37. Earl Shilton BS
Earl Shilton Building Society is one of the smallest building societies in the UK. Still, it offers a great selection of business saver accounts including notice and instant access accounts.
It also has some of the better rates for short-term notice accounts in the UK. Of course, you’ll have to have a UK registered business and all stakeholders must be UK residents.
Like many building societies, you’ll also lose access to online banking, meaning you’ll be banking by post or by going into the branch.
- 2.30%-3.55% AER
- Notice or Instant Access accounts
- 2.30% on 7-day notice accounts
- Minimum balance of £1,000 for instant access and short-term notice and £10,000 for long-term notice. Maximum balance of £250,000
- FSCS protected to £85,000
- No fees for savings accounts
Website: https://www.esbs.co.uk/
38. Harpendon BS
Harpendon Building Society offers two notice savings accounts for UK registered businesses. These accounts are also only available to small businesses and micro businesses.
Harpendon also only offers online banking rather than branch or post. However, if you have a small business in the UK, Harpendon offers great rates on 35-day notice and 95-day notice accounts.
- 3.61% -4.02% AER
- Notice accounts only
- Online banking only
- Annual payout
- Rates are locked for notice period
- FSCS protected to £85,000
- Minimum balance £10,000/ maximum balance £250,000
- No fees on savings accounts
Website: https://www.harpendenbs.co.uk/
Which business savings accounts offer the highest interest?
Specialised savings accounts like charities and agriculture typically offer the highest interest.
However, you can get rates over 4.5% from at least 8 different savings accounts.
Should I get a fixed, variable, notice, or instant access business savings account?
Every business savings account option offers different AER. However, they also offer different risks and different restrictions.
Instant Access means you have access to your funds at all times. Yet, in 2025, the highest AER available was about 4.07%.
On the other hand, a Notice account, where you need to notify your bank before withdrawing, goes up to 4.70%.
A fixed account locks your funds in for a set amount of time but delivers a fixed rate of interest over the whole period. So, if you put your funds away for 5 years at 2025’s fixed rate of 4.56%, you’ll continue to earn that rate over the 5 years, even if interest rates drop elsewhere – but you’ll have no access to your money for the duration.
Which high street banks offer the best business savings accounts?
You’ll notice that very few high street banks made this list of the best business saving accounts. That’s because they typically offer much lower rates.
For example, Santander offers rates from 1.05%. On the other hand, you can get great rates from Virgin Money (3.35%), NatWest (3.44%), and Lloyds Bank (2.91%).
Can my business savings account change my interest rate?
If you don’t have a fixed rate savings account your interest can change at any time.
Some banks lock rates in for a term or period. However, normally, to get fixed rates, you’ll have to lock your money in as well.
Are business savings accounts protected in the UK?
Business savings accounts are protected depending on a few factors. For example, if the banking institution has a registered banking license.
You’ll also want to look for FSCS membership which protects your funds up to £85,000. If you’re depositing more, you’ll want to ask about insurance.
How do you open an instant access business savings account in the UK?
In most cases, you can open an instant access business savings account in just a few minutes online. You’ll need your ID, your business registration, and membership from any members or stakeholders owning 10% or more shares in the company.
Once there, your account should be immediately available.
Anything else I should know about business savings accounts?
Business savings accounts vary a lot in type, rate, and risk associated. If you want to make sure you’re getting the best deal, you should compare rates, look at multiple banks, and compare options.
If you want a personalised list of quotes and rates from banks that meet your needs, use the form below!