Business savings accounts
Find the best business savings account to suit your needs
Earn more interest on spare funds to fuel your small business growth
Browse a range of providers and account types at a glance
Compare rates, fees and requirements in seconds
Pick the savings account that works best for your business
Our best business savings account deals
Tide Instant Saver - Up to 4%
More Information
| Gross rate | Gross rate | AER rate | AER rate | |
|---|---|---|---|---|
| Excluding bonus | Including bonus | Excluding bonus | Including bonus | |
| £1.00 | 3.69% | 3.69% | 3.75% | 3.75% |
| £1,000,000.01 | 3.92% | 3.92% | 4% | 4% |
| £10,000,000.01 | 0% | 0% | 0% | 0% |
| Minimum Initial Deposit | £1 |
| Minimum Age | 18 years |
Virgin Money Business Access Savings Account
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| Gross rate | Gross rate | AER rate | AER rate | |
|---|---|---|---|---|
| Excluding bonus | Including bonus | Excluding bonus | Including bonus | |
| £1.00 | 3.45% | 3.45% | 3.5% | 3.5% |
| Minimum Initial Deposit | £1 |
| Minimum Age | 18 years |
| Permanent UK Resident |
Virgin Money 95 Day Notice Account
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| Gross rate | Gross rate | AER rate | AER rate | |
|---|---|---|---|---|
| Excluding bonus | Including bonus | Excluding bonus | Including bonus | |
| £1.00 | 3.2% | 3.2% | 3.25% | 3.25% |
| Minimum Initial Deposit | £1 |
| Minimum Age | 18 years |
| Permanent UK Resident |
Capital on Tap Instant Savings Account
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| Gross rate | Gross rate | AER rate | AER rate | |
|---|---|---|---|---|
| Excluding bonus | Including bonus | Excluding bonus | Including bonus | |
| £1.00 | 3.18% | 3.75% | 3.23% | 3.82% |
| £1,000,000.00 | 3.18% | 3.18% | 3.23% | 3.23% |
| Minimum Initial Deposit | £1 |
| Minimum Age | 18 years |
| Permanent UK Resident |
Allica Bank Instant Access Savings
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| Gross rate | Gross rate | AER rate | AER rate | |
|---|---|---|---|---|
| Excluding bonus | Including bonus | Excluding bonus | Including bonus | |
| £40,000.00 | 2.79% | 4.04% | 2.83% | 4.08% |
| Minimum Initial Deposit | £50,000 |
| Minimum Age | 18 years |
| Permanent UK Resident |
Tide Instant Saver - 3.55%
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| Gross rate | Gross rate | AER rate | AER rate | |
|---|---|---|---|---|
| Excluding bonus | Including bonus | Excluding bonus | Including bonus | |
| £1.00 | 3.05% | 3.3% | 3.09% | 3.35% |
| £100,000.00 | 3.25% | 3.5% | 3.29% | 3.55% |
| £500,000.00 | 3.55% | 3.8% | 3.6% | 3.86% |
| £1,000,000.00 | 3.68% | 3.93% | 3.74% | 4% |
| Minimum Initial Deposit | £100,000 |
| Minimum Age | 18 years |
| Permanent UK Resident |
Tide Instant Saver - 3.35%
More Information
| Gross rate | Gross rate | AER rate | AER rate | |
|---|---|---|---|---|
| Excluding bonus | Including bonus | Excluding bonus | Including bonus | |
| £1.00 | 3.05% | 3.3% | 3.09% | 3.35% |
| £100,000.00 | 3.25% | 3.5% | 3.29% | 3.55% |
| £500,000.00 | 3.55% | 3.8% | 3.6% | 3.86% |
| £1,000,000.00 | 3.68% | 3.93% | 3.74% | 4% |
| Minimum Initial Deposit | £1 |
| Minimum Age | 18 years |
| Permanent UK Resident |
Allica Bank 95 Day Notice Account
More Information
| Gross rate | Gross rate | AER rate | AER rate | |
|---|---|---|---|---|
| Excluding bonus | Including bonus | Excluding bonus | Including bonus | |
| £20,000.00 | 3.65% | 3.65% | 3.65% | 3.65% |
| Minimum Initial Deposit | £20,000 |
| Minimum Age | 18 years |
| Permanent UK Resident |
Allica Bank 6 Month Fixed Rate Account
More Information
| Gross rate | Gross rate | AER rate | AER rate | |
|---|---|---|---|---|
| Excluding bonus | Including bonus | Excluding bonus | Including bonus | |
| £20,000.00 | 3.82% | 3.82% | 3.86% | 3.86% |
| Minimum Initial Deposit | £20,000 |
| Minimum Age | 18 years |
| Permanent UK Resident |
How to compare business savings accounts
It's important to find the right business savings account for your needs, so here's how you can compare the deals on offer...
What is a business savings account?
A business savings account lets your company earn interest on money it doesn’t need right now. It’s designed for UK businesses - including sole traders, partnerships and limited companies - who want to keep leftover cash separate from day-to-day spending.
Business savings accounts often pay higher interest rates compared to business current accounts, so they can be a good place to:
Hold spare funds
Set aside money for future tax bills
Cover unexpected costs
They’re a simple way to keep your finances organised and make better use of extra cash.
Why does your business need a savings account?
A business savings account offers a range of benefits which can help to support the growth of your business. Here are four reasons why you should consider it:
1. Higher interest
You could earn more interest on your money in a savings account compared to a standard business current account. So, if your money is currently earning little to no interest in a current account, then it might be time to move it.
2. Keeps your finances separate
Keeping your business finances separate from your personal finances helps to maintain a clear line between the two - meaning you can be far more organised with accounting, tax and financial management.
3. Peace of mind
A savings account is far safer than keeping large amounts of cash on hand. Plus, most savings account providers are part of the Financial Services Compensation Scheme (FSCS), meaning should the bank or building society fail, the FSCS will compensate you up to £120,000.
Keep in mind that if you are a sole trader, the £120,000 cover is across all personal and business accounts across an institution, and not separated out as it would be for a limited company or partnership structure.
4. Supports future investments
A business savings account allows you to plan for future investments, emergencies and the expansion of your business.
Our expert says
“Business savings accounts help build financial security by keeping operational cash separate from reserved funds. This separation allows for more strategic spending and better long-term planning, ensuring your business has the resources to grow while protecting day-to-day operations.”
What type of business savings account should I get?
An instant access business savings account allows you to access your money quickly and without restrictions. This flexibility makes it easier to manage cash flow and respond quickly to unexpected bills - though the interest rate is usually lower compared to other types of savings accounts.
A high-interest business savings account tends to offer more competitive interest rates compared to standard business savings accounts, but you may need to lock your money away for longer to get the full benefit. They are designed for businesses who want to maximise the growth of any money not needed for a while.
A notice business savings account requires you to give advance notice before you can access your cash. The notice needed will depend on the terms and conditions set by the account provider, usually ranging from seven days to a few months. In return, you tend to get higher interest rates than an instant access account.
A fixed-term business savings account will have a set period of time where you cannot withdraw your money. The period will vary and it’s agreed when you open the account. This type of savings account usually has some of the best interest rates on offer, but there’s little flexibility when it comes to accessing the money.
What type of business savings account should I get?
Instant access business savings account
High-interest business savings account
Notice business savings account
Fixed-term business savings account
What to expect from interest rates on business savings
Top interest rates on business savings accounts are still reaching around 4%, so you could consider moving your money if it’s currently earning little interest. This is a similar story to personal savings accounts, so you won't be missing out on higher rates. The Bank of England has held the base rate at 3.75% for several weeks now, but any further changes will likely impact the market.
Our best interest rate is 4.6% as of 13th August 2026, but we don’t know how long these rates will last. It’s best to act quickly if you want to secure the higher interest rates.
How to choose the right savings account for your business
The key to choosing the best business savings account is to look at all features on offer and decide which is the most important for your business.
Consider interest rates
Check fees and charges
Meet minimum balance requirements
Evaluate accessibility
Do your research
How to apply and eligibility criteria
The eligibility criteria differs by account provider, but in order to be eligible for most business savings accounts you'll need to be:
Over 18
A UK resident with a business based in the UK
Able to provide contact details and address information
Some providers may offer time-limited interest rates, so it’s worth checking the details in advance and having your documents ready if you want to secure the best rate. Make sure to review any additional eligibility criteria before you apply to avoid delays or disappointment.
Opening a business savings account is usually straightforward. You can apply online or in branch, and the provider will guide you through the process - including submitting key information about you and your business.
Once approved, your account should be up and running quickly.
What are the pros and cons of a business savings account?
Pros
Cons
Paying tax on your savings
Understanding your tax obligations is crucial when you’re running a business. Not only can it help you maintain cash flow without any unforeseen shocks, but it helps you keep your business finances organised.
Any interest made on your business savings is paid without any tax deducted. This means you’ll have to declare any interest earned as part of your annual tax return and then pay any tax you owe on it. There are a couple of additional distinctions, depending on whether you’re a sole trader or a limited company.
Sole traders pay tax on any money made above the standard tax-free personal allowance, which is currently £12,570 for the 2026/27 tax year. That means you can earn up to £12,570 - including any interest made on savings - before you have to pay any tax. If your income (excluding savings interest) is less than £17,570, then you can earn up to £5,000 in interest without being taxed on it – this is known as the starting rate for savings. Any tax you owe will be due to HMRC by 31 January, following the end of the tax year.
Limited companies pay corporation tax on any profits and that includes any interest made on savings. Typically you pay your tax bill to HMRC within nine months and one day of the end of your accounting period.
What other business products are available?
Business bank account
A business bank account is designed for managing business finances, so you can keep your personal finances separate. This is important for accounting and tax purposes, plus it helps businesses pay expenses, receive payments and manage cash flow.
Compare business bank accountsBusiness loans
Business loans come in both short-term and long-term options, with fixed interest payments. To choose the right loan, it's crucial to determine your business's specific needs and assess various loan products.
Compare business loansBusiness credit card
A business credit card can be a helpful tool in managing your cash flow, simplifying accounting and making it easier to buy what you need, when you need it. There are several types of cards available, from purchase and balance transfer to rewards cards.
Compare business credit cardsFAQs
Our best interest rate on a business savings account is 4.6% as of 13th August 2026.
AER is the Annual Equivalent Rate and highlights what interest you'll earn on your business savings over a year. The AER is important as it helps you to compare savings accounts, as you can see which ones are offering a higher interest rate.
It’s fairly straightforward to open a business savings account – you just need to follow a few simple steps. For example:
1. Choose the right business savings account for your needs
2. Check your eligibility for this account
3. Start application process online or in branch
4. Share relevant information with the provider about your business
5. Receive final documentation
6. Login to account and add funds
No, you shouldn’t use a personal savings account for business purposes. Mixing personal and business finances can lead to legal and tax complications, especially when it comes to accounting and reporting to HM Revenue & Customs (HMRC).
If you operate as a limited company, using a personal account can also weaken your limited liability protection. That legal separation between you and your business exists for a reason – combining finances could put that at risk.
On top of that, managing your business finances from a personal account can make it harder to track expenses, income, and overall profitability. It can also cause confusion when preparing financial statements or filing your tax return.
To keep things clean, compliant, and easier to manage, it’s best to open a dedicated business bank account.
A small business should have a savings account if it wants to manage finances more effectively. This could be building an emergency fund for unexpected expenses or taking the opportunity to earn interest on surplus funds.
In terms of fees or other charges, this will completely depend on the provider and your chosen business savings account. This is why it's important to check the terms of the account before applying, so you can then understand if there are any extra charges.
Business savings accounts are generally not tax-free. Interest earned on these accounts is typically subject to taxation, just like personal savings accounts.
Be sure to check specific tax regulations or consult with a tax advisor to understand your business’s tax obligations regarding savings.
Yes, some business savings accounts are covered by the Financial Services Compensation Scheme (FSCS) – but not all. That’s why it’s essential to check whether your chosen provider offers FSCS protection before you apply.
Just like with personal savings, FSCS protection covers up to £120,000 per person, per financial institution. This means if the bank or building society fails, your eligible business savings are protected up to that limit.
Always look for confirmation of FSCS protection when comparing business savings accounts, especially if you're planning to deposit a large sum.
Yes, you can have multiple business savings accounts. However, having too many accounts across different providers can cause confusion, so try to streamline this where possible.
Business deposit accounts is another name for a business savings account. It helps businesses to separate their savings from daily spending and enables them to earn interest on surplus cash.
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