Business Easy Access
| Provider | Rate | Min/Max Deposit | Opening Account | Accessing Account | Interest Options | Eligibility | SG Verdict |
|---|---|---|---|---|---|---|---|
|
2.80% | £20,000 / £250,000 | Branch | Branch |
| - Ltd Company only - Must be UK based |
Allica are based in Milton Keynes and were awarded their banking licence in 2019 and launched in April 2020. You can find out more about them here |
|
2.45% | £1,000 / £1m | Branch | Branch |
|
- Limited Partnership - LLP - Ltd Company |
Peterborough based Aldermore launched in 2009 and look after over £13.1bn of deposits. You can find out more about them here |
|
4.08%* | £1 / £5m | Branch | Branch |
|
|
This easy access savings pot comes with Allica's Business Reward Current Account which is designed for businesses who are incorporated for 12 months and typically keep a balance of £50,000 or more in the account, or for existing Allica customers who have a loan. *Rate includes standard rate of 2.83% AER (minimum balance applies) plus a 0.5% boost each month if you make 15 bank transfers out of the account in the previous month, and a 0.5% boost for six months if you complete a switch with CASS and a 0.25% welcome boost for 3 months when you deposit £50,000 or more within 14 days from opening account. Eligibility criteria and T&Cs apply. Allica are based in Milton Keynes and were awarded their banking licence in 2019 and launched in April 2020. You can find out more about them here |
|
3.61% | £20,000 / £1m | Branch | Branch |
| - Ltd Company - Plc - Partnerships - LLP - Registered Charities - Trusts - Clubs - Associations - Societies - Must be UK registered business |
London based Hampshire Trust Bank launched in 1977 but was acquired by a new management team in 2014. You can read more about them here |
|
3.65% | £20,000 / £1m | Branch | Branch |
| - Ltd Company - Plc - Partnerships - LLP - Registered Charities - Trusts - Clubs - Associations - Societies - Must be UK registered business |
This SME Easy Access Tracker tracks the Base Rate at 0.35% below Base. London based Hampshire Trust Bank launched in 1977 but was acquired by a new management team in 2014. You can read more about them here |
|
3.50% | £5,000 - £100,000 | Branch | Branch |
| - 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 about them here |
|
3.80% | £5,000 - £100,000 | Branch | Branch |
| - Sole Trader - Ltd Company - LLP - Partnership - SIPPs / SASSs - Trusts - Clubs & Societies |
This new Easy Access Tracker product tracks the Bank of England Base Rate at Base minus 0.75%, therefore a rate of 3%. However, there is an introductory fixed bonus rate of 0.80%, for the first 12 months customers, which means customers will receive a rate of 3.80%. London based specialist lender United Trust launched in 1955 and look after £1.6bn of savings Find out more about them here |
|
3.73% | £1,000 / £1,000,000 | Branch | Branch |
| - Limited Company - Limited Liability Partnership - 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 |
|
3.05% | £100 / £750,000 | Branch | Branch |
| - Limited Company - Limited Liability Partnership - Not for profit organization - Partnership - Public Limited Company - Sole Trader - Accountants - Associations - AVC Trustees - Charities - Churches - Clubs - Co-operatives - Embassies - Estate Agents - Executors - Financial Intermediaries - Friendly Societies - Pension Fund Managers - Schools/Colleges - Scottish Solicitors - Social Enterprises - Solicitors - Trade Union |
There is a local version of this account, which pays an attractive 3.30%, but this is only available for Buckinghamshire based businesses. |
|
2.94% | £10,000 / £500,000 | Branch | Branch |
|
- Partnership - Ltd Company - Must be UK registered company - Directors/shareholders must be UK resident |
Charity Bank is an ethical bank owned by charitable foundations, trusts and social purpose organisations based in Tonbridge. |
|
3.81% | £1,000 / £1m | Branch | Branch |
|
- Maximum of 3 Directors who are also major (25%+) shareholders
- Ltd companies only |
Kent Reliance are part of One Savings Bank, which has merged with Charter Court Financial Services (which includes Charter Savings Bank) and now looks after combined savings balances of £16.3bn. |
|
3.15% | £85,001 / £250,000 | Branch | Branch |
|
- Ltd Company - Partnership
|
Recognise received its full banking licence in September 2021 and looks after just under £100m of savings. You can find out more about them here |
|
3.60% | £5,000 / £5m | Branch | Branch |
| - Ltd Company - Limited Liability Partnership - Not for profit - Charities
|
Very competitive rate from Essex based Saffron, who look after £898m of savings and are one of the top 20 building societies, by size, in the UK |
|
3.55% | £1,000 / £1m | Branch | Branch |
| - Sole trader Must be UK registered business. Directors and owners must be UK resident |
Virgin Money entered the business savings market in January 2018, and launched a best buy rate in May 2018. They've historically been very competitive however they cut their rate to 0.40% in April 2020. |