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Business Savings Interest Rates
Below are details of our current and previous interest rates for our Instant Access and business savings accounts.
Business Instant Access Account – Current Rates
| Gross (Variable) | AER % (Variable) | Gross % (Variable) |
|---|---|---|
| Balances of £5,000+ | 1.50% | 1.48% |
| Balances of £1 to £4,999.99 | 1.35% | 1.34% |
You’ll earn interest on balances of £1 or more. Interest is calculated each day and paid monthly.
These Interest rates are correct as at 01 November 2023
Business Fixed Rate Bonds – Current rates
| AER % (Fixed) | Gross % (Fixed) | |
|---|---|---|
| Fixed Rate Bond – 1 year | 3.30% | 3.30% |
| Fixed Rate Bond – 18 months | 3.30% | 3.30% |
| Fixed Rate Bond – 2 years | 3.30% | 3.30% |
These Interest rates are correct as at 04 November 2024
Explanation of terms
AER stands for Annual Equivalent Rate. It illustrates what your interest rate would be if interest was paid and compounded each year and allows you to easily compare different savings accounts. As every advertisement for a savings product, which quotes an interest rate, will contain an AER you will be able to compare more easily what return you can expect from your savings over time.
Gross rate means that credit interest is paid without income tax being deducted.
Interest rates may vary from time to time.
Business Banking Deposits - Previous Rates
Instant Access Account between 01/08/2023 to 31/10/2023:
|
AER % |
Gross % |
|---|---|---|
Balances of £5,000+ |
1.05% |
1.05% |
Balances of £1 to £4,999.99 |
0.90% |
0.90% |
Instant Access Account between 01/12/2022 to 31/07/2023:
|
AER % |
Gross % |
|---|---|---|
Balances of £5,000+ |
0.90% |
0.90% |
Balances of £1 to £4,999.99 |
0.65% |
0.65% |
Instant Access Account between 29/06/2022 to 30/11/2022:
|
AER % |
Gross % |
|---|---|---|
Balances of £5,000+ |
0.55% |
0.55% |
Balances of £1 to £4,999.99 |
0.30% |
0.30% |
Instant Access Account between 06/02/2021 to 29/06/2022:
|
AER % |
Gross % |
|---|---|---|
Balances of £5,000+ |
0.30% |
0.30% |
Balances of £1 to £4,999.99 |
0.05% |
0.05% |
Instant Access Account between 01/07/2020 to 06/02/2021:
|
AER % |
Gross % |
|---|---|---|
Balances of £5,000+ |
0.50% |
0.50% |
Balances of £1 to £4,999.99 |
0.05% |
0.05% |
Instant Access Account between 02/11/2018 to 30/06/2020:
|
AER % |
Gross % |
|---|---|---|
Balances of £5,000+ |
1.00% |
1.00% |
Up to and including £4,999.99 |
0.15% |
0.15% |
Instant Access Account between 01/09/2018 to 01/11/2018:
Interest paid monthly |
AER % |
Gross % |
|---|---|---|
£1 million |
0.05% |
0.05% |
£250,000+ |
0.05% |
0.05% |
£100,000+ |
0.05% |
0.05% |
£50,000+ |
0.05% |
0.05% |
£1+ |
0.05% |
0.05% |
Instant Access Account between 01/12/2017 to 31/08/2018:
Interest paid monthly |
AER % |
Gross % |
|---|---|---|
£1 million |
0.05% |
0.05% |
£250,000+ |
0.05% |
0.05% |
£100,000+ |
0.05% |
0.05% |
£50,000+ |
0.05% |
0.05% |
£1+ |
0.05% |
0.05% |
Business Instant Access Account - rates before 13/05/2013
Interest paid monthly |
AER % |
Gross % |
|---|---|---|
£1 million |
0.10% |
0.10% |
£250,000+ |
0.10% |
0.10% |
£100,000+ |
0.10% |
0.10% |
£50,000+ |
0.10% |
0.10% |
£1+ |
0.10% |
0.10% |
Interest rates may vary from time to time.
Fixed Rate Bonds between 28/03/2024 to 04/11/2024:
Term |
AER % (Fixed) |
Gross % (Fixed) |
|---|---|---|
Fixed Rate Bond – 1 year |
4.50% |
4.50% |
Fixed Rate Bond – 18 month |
4.30% |
4.30% |
| Fixed Rate Bond – 2 years | 4.15% | 4.15% |
Fixed Rate Bonds between 19/02/2024 to 28/03/2024:
Term |
AER % (Fixed) |
Gross % (Fixed) |
|---|---|---|
Fixed Rate Bond – 1 year |
4.30% |
4.30% |
Fixed Rate Bond – 18 month |
4.00% |
4.00% |
| Fixed Rate Bond – 2 years | 3.90% | 3.90% |
Financial Services Compensation Scheme
Important Information
18+ & UK based business
AER stands for Annual Equivalent Rate. It illustrates what your interest rate would be if interest was paid and compounded each year and allows you to easily compare different savings accounts. As every advertisement for a savings product, which quotes an interest rate, will contain an AER you will be able to compare more easily what return you can expect from your savings over time
