Business Savings Accounts - Best Savings Rates | moneyfacts.co.uk
 

Best Buy - Business Savings Accounts


Find the best deposit account interest rates for your business.


CompanyAERNotice / TermDeposit


120 Day Notice (Issue 22)
1.20%
120 Day£1000


100 Day Notice Business Deposit Account
1.05%
100 Day£10000


100 Day Notice Business Savings Account Issue 12
1.00%
100 Day£5000


100 Day Notice Business Account
0.90%
100 Day£500


120 Day Business Notice Account 6
0.90%
120 Day£5000


Easy Access Business Savings Account Issue 6
0.85%
None£1000


Business Saver 35 (Issue 2)
0.75%
35 Day£1000


95 Day Notice
0.75%
95 Day£1000


SME Business Savings Account
0.75%
Instant£10000
Sponsored Products


Business 95 Day Saver
0.55%
95 Day£10000


Business Instant Saver
0.40%
None£10000
Last Updated: Monday 27 March 2017 19:26

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.

Disclaimer:
All rates subject to change without notice. Please check all rates and terms before investing or borrowing.
 
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What are business deposit accounts?

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.

Depositor protection for businesses

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:

  • It has 50 or fewer employees
  • It has a turnover of £6.5 million or less
  • It has a balance sheet total of £3.26 million or less

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. 

What next?

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