Business Sterling Savings Account

Instant access savings for your business

Enjoy instant access savings with no restrictions on deposits or withdrawals – it’s the savings account that guarantees flexibility for you and attractive rates for your business.

Interest rates

Balance GROSS AER
Over £499,999  1.50%  1.50%
Up to £499,999  1.00%  1.00%
Up to   £99,999  0.75%  0.75%
Up to   £49,999  0.40%  0.40%
Up to     £9,999  0.20%  0.20%

You can withdraw funds as and when your business requires, or make regular savings as you plan and prepare for the future.

Tailored to your business savings requirements, this product includes tiered rates of interest – which means the greater the account balance, the higher the return.

Important information

  • Interest is calculated daily and credited half-yearly in June and December.
    All interest rates are variable, but we’ll always inform you well in advance if rate changes are likely to impact your account.
  • You should also be aware that interest is paid on an incremental basis – for example, if the account balance is £40,000, the interest applicable will be 0.20% on the first £9,999, and 0.40% for the remaining £30,001 of your balance.

Applications and downloads

To apply for one of our Business Savings Accounts, simply download the relevant form from this page, fill it out, and send it to one of our branches. Alternatively, you can contact our call centre on 0800 218 22 66.

Definitions:

To help you in your product selection, you may find the following definitions useful:

  • Gross interest:  the contractual rate of interest payable before the deduction of income tax at the rate specified by law.
  • AER (Annual Equivalent Rate):  the AER illustrates what the true rate of interest would be if interest was paid and compounded each year. Please note that the actual interest rate, based on the interest payment frequency you chose, will be different than the AER advertised. If interest is paid more frequently to your account, the actual rate applied would be lowe