High-interest business savings accounts instant access

Choosing a reliable bank for a business to place free funds at a high interest rate is not a difficult task with bankchart.co.uk. To apply for the best business savings accounts in the UK, you just need to look through the conditions of banks from the list below and choose the most suitable deposit for your company.

How bankchart.co.uk can help you?

The task of any director is to organize the activities of his company in the most effective way and ensure the highest income, including through income from temporarily free funds of the company. This can be provided by placing liquid funds in business savings accounts.

Which bank offers the highest yield on the market in the UK and at the same time has high financial ratings? How to apply for a business savings account online? We will help you with your choice by offering a list of the best savings accounts for business from reliable banks. Just follow the links and choose the solution that best suits your company’s needs.

Calculate future income on a 1-year term deposit (example): 

What is a business saver account in the UK?

A business saving account is a type of bank account for companies to save and earn interest on their surplus funds. Unlike checking accounts, business savings accounts usually do not have the ability to pay bills and expenses, but have a higher interest rate and you can return savings to a checking account at any time without any fees.

Features of business savings account in the UK

Interest Rates are usually higher than on current accounts, may depend on the account balance, and be changed by the bank depending on fluctuations in the financial markets.

Business savings accounts usually don’t have restrictions on how frequently you can access or withdraw funds, but some accounts may require a notice period before you can withdraw funds without penalty.

Some business savings accounts in the UK may have a minimum balance requirement, and if the balance falls below this threshold, the interest rate may be close to 0% or not charged at all.

Instant access to business savings accounts. Banks usually don’t charge a commission for account servicing, replenishment, or transfer of funds to a current account. Money is received and withdrawn from your business savings account to the current account almost instantly.

Business savings accounts are usually covered by the Financial Services Compensation Scheme (FSCS), which protects eligible deposits up to a particular amount.

How do I apply for the best business savings account? 

To open a business savings account that best suits your company’s needs and has good conditions, you should:

1. Click the “Apply” button and read the terms of business savings accounts from the list above
2. Contact the bank support service, specify the conditions of the account, and the features of the procedure for opening it prepare all the necessary documents. Typical documents may include proof of business ownership, identification documents for authorized signatories, and proof of address for the business
3. Visit the nearest branch and fill out the necessary application forms. Make sure all the information provided is accurate and up-to-date
4. The bank will review your application and verify the provided documents for compliance purposes
5. If you have already been served by this bank, additional documents or visiting a branch may not be required, a business savings account can often be opened online or even via mobile banking
6. After the account is opened and active, you can deposit funds into it

What is a notice savings account in the UK?

A notice savings account in the UK is a type of savings account that requires you to provide advance notice to the bank before you can withdraw funds. This account generally offers higher interest rates compared to instant access savings accounts because it limits your ability to access your money on short notice.

How much yield will I earn?

To estimate your future interest income, you can use our deposit calculator.

You can also see the similar FAQ at the link: 

• Lloyds business banking application
• Lloyds business banking change of address
• Lloyds charity bank accounts
• Lloyds corporate banking
• Lloyds mobile business banking

Details of companies offering the financial services:

Aldermore Bank

Head office’s address: Apex Plaza, Forbury Road, Reading, RG1 1AX

Phone: +44 20 7788 6699

Web-site: http://www.aldermore.co.uk/

Swift code: ALDBGB2P

Reference number: 204503

Stock code: 51WB

ABN: 00947662

BSB: ALD

Bank of Scotland

Head office’s address: The Mound, Edinburgh EH1 1YZ

Phone: +44 (034) 5721 31 41

Web-site: http://www.bankofscotland.co.uk/

Swift code: BOFSGB31

Reference number: 169628

Stock code: 0076540

ABN: SC327000

BSB: BOFS

Barclays Bank

Head office’s address: 1 Churchill Place, London E14 5HP

Contact center: 0800-400-100

Phone: +44 (034) 5734 53 45

Web-site: http://www.barclays.co.uk/

Swift code: BARCGB33

Reference number: 122702

Stock code: BARC

ABN: 01026167

BSB: BARC

Cambridge & Counties Bank Limited

Head office’s address: Charnwood Court, 5b New Walk, Leicester, LE1 6TE

Phone: +44 344 225 3939

Web-site: http://ccbank.co.uk/

Swift code: POYRGB21

Reference number: 579415

ABN: 07972522

BSB: POYR

Charity Bank

Head office’s address: Fosse House, 182 High Street, Tonbridge, TN9 1BE

Phone: +44 (017) 3244 19 00

Web-site: https://charitybank.org/

Close Brothers

Head office’s address: 10 Crown Place

Contact center: 0800-588-40-64

Phone: +44 (033) 3321 61 00

Web-site: https://www.closebrothers.com/

Swift code: CBRLGB2LTSY

Reference number: 124750

Stock code: CBG

ABN: 00195626

BSB: CBRL

HSBC Bank

Head office’s address: Unit 8, Canada Square, Retail, London E14 5AH

Phone: +44 345 740 4404

Web-site: https://www.hsbc.co.uk/

Swift code: HBUKGB4B

Reference number: 114216

Stock code: HSBA

ABN: 00014259

BSB: HBUK

Lloyds Bank

Head office’s address: 25 Gresham Street, London EC2V 7HN

Contact center: 0345-300-0000

Web-site: https://www.lloydsbank.com/

Swift code: LBGTGB22

Reference number: 119278

Stock code: LLOY

ABN: 00002065

BSB: LBGT

Monzo Bank

Head office’s address: Broadwalk House, 5 Appold St, London EC2A 2AG

Contact center: 0800 802 1281

Phone: +44 20 3872-0620

Web-site: https://monzo.com/

Nationwide

Head office’s address: Nationwide House Pipers Way

Contact center: 0800-30-20-15

Phone: +44 (034) 5730 20 15

Web-site: http://www.nationwide.co.uk

Swift code: NBSMGB22

Reference number: 106078

Stock code: NBS

ABN: 355B

BSB: NBSM

NatWest Bank

Head office’s address: 250 Bishopsgate, London, EC2M 4AA

Contact center: 0800-88-11-77

Phone: +44 345 788 8444

Web-site: https://www.natwest.com/

Swift code: NWBKGB2

Reference number: 121878

Stock code: GBP1

ABN: 00929027

BSB: NWBK

Redwood Bank

Head office’s address: The Nexus Building, Broadway, Letchworth Garden City, SG6 3TA

Contact center: +44 330 053-6067

Web-site: https://redwoodbank.co.uk/

Royal Bank of Scotland

Head office’s address: 36 St Andrew Square, Edinburgh, EH2 2YB

Contact center: 0345-600-2230

Phone: +44 (070) 3597-88-42

Web-site: https://www.rbs.co.uk/

Swift code: ROYCGB2LCLS

Stock code: NWG

ABN: BR000548

BSB: ROYC

Santander

Head office’s address: 2 Triton Square, Regent's Place, London, NW1 3AN

Contact center: 0800-389-7000

Web-site: http://www.santander.co.uk/

Swift code: ABBYGB3E

Reference number: 106054

ABN: 02294747

BSB: ABBY

The Co-operative Bank plc

Head office’s address: 1 Balloon Street, Manchester M60 4EP

Contact center: 159

Phone: +44 (034) 5721 22 12

Web-site: http://www.co-operativebank.co.uk/

Reference number: 121885

ABN: 00990937

TSB

Head office’s address: Henry Duncan House, 120 George Street, Edinburgh EH2 4LH

Phone: +44 (034) 5975 87 58

Web-site: http://www.tsb.co.uk

Swift code: TSBSGB2A

Reference number: 119278

Stock code: 94AQ

ABN: SC095237

BSB: TSBS