Moneyfacts.co.uk Best Buys show the best products chosen by our independent experts. Where we have been able to we have also provided a link for you to open an account today. Products shown with a yellow background are sponsored products.
Eligible deposits with UK institutions are protected by the Financial Services Compensation Scheme up to a maximum level of protection of £85,000 per person per institution.
A deposit account is basically a business savings account. You might want to consider a business deposit account if your business has a large cash surplus that you’d like to be earning some interest on, either to act as a reserve, or to save for new equipment, a staff outing or as a deposit on larger premises.
Whatever the reason for saving, you want your money to be earning as much interest as it can, instead of languishing in your business’ current account where it may not be earning as much.
Business deposit accounts can allow instant access to your money, or require you to give notice before withdrawing funds so think about how much access your business might need to this money before choosing an account.
Money held in a business savings account may fall under the protection of the Financial Services Compensation Scheme.
A "Small Business" will be protected by the Financial Services Compensation Scheme if it meets two of the following:
Larger businesses will not be covered by the scheme.
The Financial Services Compensation Scheme protects the first £75,000 an eligible business has held under a single UK banking licence.
Please send me emails with the latest Moneyfacts news, best buy products and specially selected third party offers
The annual Business Moneyfacts Awards is the highlight of the business finance calendar, and last ni... More
Are you among the 15% of British workers who hope to become self-employed? It’s a career move that i... More
Are you in the field of business finance? Then you’ll be familiar with the Business Moneyfacts Award... More
Building up a cash buffer can be a vital part of business management, particularly in uncertain time... More
Running a successful company demands strong organisational skills, business acumen and a keen eye fo... More
Is your charity business account paying little interest? Find the best paying charity accounts here... More
When it comes to the day-to-day running of your business, the financial product that you need to be ... More
Bank of Cyprus UK has increased rates by 0.15% across a selection of its business bonds. The one-yea... More
United Trust Bank has increased the rate on its one-year business savings bond, which now sits at th... More
United Trust Bank has launched new 100-day notice business and charity accounts, which have earned c... More
Union Bank of India (UK) Ltd has increased selected business savings rates by up to 0.20%, which see... More
Manchester BS has launched a new 45-day notice business account, which has entered the Best Buy char... More
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.