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Business 2 Year Fixed

Provider Rate Min/Max Deposit Opening Account Accessing Account Interest Options Eligibility SG Verdict
Cambridge & Counties Bank
4.15% £10,000 / £5m

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Monthly
  • Paid Annually
  • Monthly interest paid on the last working day of the month Annual interest paid on 5th April

Sole trader

Ltd company

Partnership

LLP

Society

Association

Charity

Trust

Parish Council

 

Must be UK registered and shareholders must be UK residents

 

Cambridge & Counties Bank launched in June 2012 as a specialist business finance and savings bank

You can find out more about them here

Newcastle Building Society
3.25% £1 / £1m

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid on Anniversary
  • Paid Monthly
  • Paid Annually

-       Ltd Company

-       LLP

-       Partnership

-       Sole Trader

-       Maximum turnover of business is £42.5m

 

Newcastle is the eighth largest building society in the UK, looking after £3.4bn of savings

Redwood Bank
3.50% £10,000 / £1,000,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Monthly
  • Paid Annually
  • Monthly interest paid on the last working day of the month Annual interest paid on 5th April

-       Sole trader

-       Ltd company

-       Partnership 

-       LLP

-       Society, association

-       Charity 

-       Must be UK registered business

-       Shareholders must be UK residents    

Redwood launched in August 2017, as a specialist business bank, and have been consistently competitive in our business savings tables since.

You can read more about them here

Shawbrook Bank
4.15% £5,000 / £2m

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Monthly
  • Paid Annually

-       Limited Company

-       LLPs

-       Partnership

-       Sole Trader

-       Must be UK registered business 

Essex based Shawbrook launched in 2011 and re-launched its business savings proposition in 2019.  It has been a stalwart in the business best buys since.

Find out more about them here

Union Bank of India
3.20% £1,000 / £1,000,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Away or Compounded
  • Paid Annually

• Ltd Company

• LLP

• Not for profit 

• Partnership

• Plc

• Sole Trader

First appearance in our business best buys for Union Bank of India UK, which is a subsidiary of Union Bank of India, one of the largest public sector banks in India

United Trust Bank
3.60% £5,000 / £1,000,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Annually
  • Paid On Maturity

-       Sole Trader

-       Ltd Company

-       LLP

-       Partnership

-       SIPPs / SASSs

-       Trusts

-       Clubs & Societies    

London based specialist lender United Trust launched in 1955 and look after £1.6bn of savings

Find out more abouy them here

Virgin Money
3.10% £1,000 / £2,000,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Monthly
  • Paid Annually

·       Sole trader

·       Partnership

·       LLP

·       Ltd Company

·       Plc

 Must be UK registered business.

Directors and owners must be UK resident    

Competitive rate from Virgin, who entered the business savings market in January 2018.

The low minimum deposit will appeal to many businesses as will the free access to Virgin Money Lounges

About The Savings Guru

We help savers get the best deal for their money by providing unique insight in to the savings market.  We help prospective banks apply for a banking licence and we help build customer services, products and marketing for them.  We also work with existing banks and building societies to improve their savings propositions.  This  insider view of savings means we are uniquely placed to help savers.

Find out moreMeet the Team

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