Instead of letting the excess cash remain inactive in a commercial account of low interest, consider depositing it in a dedicated commercial savings account. These accounts allow companies to gain interest in surplus funds, providing a way without risk of increasing income without additional effort.
This guide explores the best business savings accounts by 2025, adapted to the needs of the largest and growing companies. We will break down the types of accounts, their benefits and how to choose the right for their commercial objectives.
What is a business savings account?
A commercial savings account is a bank account designed for companies to win interest on surplus funds. Interest is calculated as a percentage of the deposit and paid periodically, helping companies increase their cash reserves over time.
Types of business savings accounts
|
Type of account |
Key features |
|---|---|
|
Easy access |
– Withdrawing funds at any time |
|
Warning |
– Remove funds after notifying (for example, 30, 90 or 180 days) |
|
Fixed term |
-Enocatives blocked by an established period (EC, 1-5 years) |
How business savings accounts work
This is how business savings accounts work:
- Intercuration: Interest is usually calculated daily and paid monthly or annually.
- Fiscal implications: The interests won are considered profits and are subject to taxes. Limited companies pay the corporations tax, while unique merchants pay the Income Tax above the tax free allocation.
For example, if you deposit £ 10,000 in an easy access account with an AER or 4.83%, your balance after 12 months would be £ 10,483.
Pros and cons of business savings accounts
Pros
- Gain interest on surplus funds
- Variety of types of accounts to meet different needs
- Effective ringfence for future liabilities or objectives
Conservation
- Interest rates can fall after introductory sacrifices
- Fixed term accounts restrict access to funds
- Some accounts have maximum restrictive terms or deposit limits
The best business savings accounts for growing business in 2025
|
Supplier |
Better for |
Key features |
|---|---|---|
|
Bank of London |
Large cash reserves, flexibility, high deposit limits |
– Maximum £ 10m deposit (notification accounts) |
|
Shawbrook Bank |
Flexibility, high interest rates, multiple accounts |
– Maximum £ 2m deposit |
|
Allica bank |
High interest rates, great cash reserves |
– Maximum £ 2m deposit |
|
Hampshire Trust |
Combination of flexibility and competitive rates |
– Maximum £ 1m deposit |
|
Jn Bank |
Moderate cash reserves, competitive rates |
– Maximum £ 500k deposit |
|
Tide |
Small to medium -sized companies, ease of use |
– Interest stops accumulating above the account limit |
These correct rates and limits as of March 2025.
Bank of London
|
Term |
Easy access |
Notice (31, 45, 95, 180 days) |
|---|---|---|
|
Minimum deposit |
Do not hurry |
Do not hurry |
|
Maximum deposit |
£ 500k/£ 2m (regulated/not regulated) |
£ 10m |
|
Interest rates |
Up to 3.04% aer |
Up to 3.87% aer |
Bank of London stands out for its high limits of maximum deposit (up to £ 10 million for notification accounts) and competitive interest rates (up to 3.87% Aer). Without minimal deposit requirements and flexible notification periods (31 to 180 days), it is ideal for companies with important cash reserves that seek to maximize yields while maintaining some access to funds.
Choose:
- United Kingdom companies or not the United Kingdom (subject to the terms)
- LTD, LLP and PLCS
- It is not available for unique merchants or independent workers
Shawbrook Bank
|
Term |
Easy access |
Warning |
Fixed term |
|---|---|---|---|
|
Minimum deposit |
£ 1,000 |
£ 5,000 |
£ 5,000 |
|
Maximum deposit |
£ 85,000 |
£ 2m |
£ 2m |
|
Interest rates |
Variable Gross Aer |
Variable Gross Aer |
Fixed gross aer |
Shawbrook Bank offers a wide range of types of accounts, which include easy access, notification and fixed term accounts, which makes it a versatile option for growing companies. With high interest rates (up to 4.12% Aer for fixed -term accounts) and a maximum deposit limit of £ 2 million (for maximum fixed -term notice and access is £ 85,000), it is perfect for companies that wish to diversify their savings strategy.
Eligibility:
- Residents/Companies of the United Kingdom
- Sole Traders, LTDS, Partnerships (No Llps)
Allica bank
|
Term |
Easy access |
Notice (95, 180 days) |
Fixed Rate (6, 12, 24 months) |
|---|---|---|---|
|
Minimum deposit |
£ 20,000 |
£ 20,000 |
£ 20,000 |
|
Maximum deposit |
£ 2m |
£ 2m |
£ 2m |
|
Interest rates |
Gross variable 4.83% aer |
Gross variable 4.40% to 4.45% aer |
Gross variable 4.20% to 4.25% aer |
Allica Bank offers one of the highest variable AERS (up to 4.45%) for your easily accessible account, which makes it a better option for companies that seek to gain high interest while keeping liquidity. With a maximum deposit limit of £ 2 million, it is ideal for companies with large cash reserves. However, it is exclusive to Allica Business Rewards Holders, so it is the most suitable for established companies.
Eligibility:
- Based in the United Kingdom and registered in the Business House
- You must have an Allica Business Rewards account
Hampshire Trust Bank
|
Term |
Easy access (saver) |
Warning |
Fixed term |
Easy access (tracker) |
|---|---|---|---|---|
|
Minimum deposit |
£ 5,000 |
£ 5,000 |
£ 5,000 |
£ 20,000 |
|
Maximum deposit |
£ 750,000 |
£ 750,000 |
£ 750,000 |
£ 1m |
|
Interest rates |
GROSS AER VARIABLE 4.14% |
Gross Aer Variable 3.95% |
Fixed gross aer 4.07% to 4.22% deping in the term |
GROSS AER VARIABLE 3.90% |
Hampshire Trust Bank provides a combination of easy access, notification and fixed -term accounts, offering flexibility for companies with different needs. With a maximum deposit of £ 1 million and competitive interest rates (up to 4.22% Aer for fixed term accounts), it is a solid option for companies that seek to balance accessibility and yields.
Eligibility:
- United Kingdom Residents
- Over 18 years
- United Kingdom Business
Jn Bank
|
Term |
Easy access |
Fixed term |
|---|---|---|
|
Minimum deposit |
£ 1 |
£ 100 |
|
Maximum deposit |
£ 500,000 |
£ 500,000 |
|
Interest rates |
3.76% Gross/ Aer Variable |
Between 4.35% to 4.40% AER Gross depending on the deadline |
Jn Bank offers easy access and fixed term accounts with low minimum deposits (£ 1 to facilitate access) and competitive interest rates (up to 4.40% Aer for fixed -term accounts). While the maximum deposit limit of £ 500,000 is lower than some competitors, it is an excellent option for narrower to medium -sized companies that seek to increase their savings with flexibility.
Eligibility:
- United Kingdom Residents
- Over 18 years
- Mobile telephone, email and bank account of the United Kingdom
Tide
|
Term |
Easy access |
|---|---|
|
Minimum deposit |
£ 1 |
|
Maximum deposit |
Unlimited (balance above the threshold for your plan does not gain interest) |
|
Interest rates |
4.22% Aer for new customers (the standard rate for its plan is reversed after 6 months) |
The easily accessible account of Tide is perfect for new companies in savings accounts or those with narrower cash reserves. With a low minimum deposit (£ 1) and an introductory of 4.22% Aer (reverse to the standard rate after six months), it is a simple and flexible option. However, the interest stops accumulating in the balances above the maximum limit of the plan that is located, which varies from £ 75,000 in the free account to £ 1m in the maximum account, which makes it less suitable for larger companies.
Eligibility:
- United Kingdom Business
- Over 18 years
- Valid Photo ID
How to choose the correct commercial savings account
- Define your goals:
- Do you need immediate access to funds? → Easy access account
- Can you expect retreats? → Notice account
- Do you feel comfortable enclosing funds? → Fixed term account
- Consider deposit limits:
- Make sure the account adapts to your surplus funds.
- Compare interest rates:
- Look for competitive rates, software or introductory sacrifices that can expire.
- Verify eligibility:
- Make sure your business meets the account requirements.
Simplify savings management with Akoni
Multiple savings management can take a long time. Akoni It offers an cash management platform that provides access to about 20 banks through a single application. This allows you:
- Move funds between accounts easily.
- Access the best interest rates daily.
- Disseminate the risk in multiple accounts protected by FSC.
Akoni also alerts better offers and provides a board to administer all his savings in one place. Simply complete the form in the SUPERIOR OF THE PAGE To start.
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