Business Deposits - 1 Year Fixed | The Savings Guru

Business 1 Year Fixed

Provider	Rate	Min/Max Deposit	Opening Account	Accessing Account	Interest Options	Eligibility	SG Verdict
Al Rayan Bank	1.25%	£1,000 / no maximum	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Annually Paid Quarterly Paid Away	- Ltd Company - LLP - Not for profit - Partnership - Plc - Sole Trader - Charities - Client Monies - Clubs - Executors	Al Rayan Bank is a Sharia Bank and operates under Islamic Finance principles The rate offered represents an expected profit rate, rather than a fixed interest rate. The Bank has always delivered it’s expected profit
Apply Now	1.00%	£1,000 / £1,000,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid on Anniversary Paid Away or Compounded Paid Monthly Paid Annually	- Sole trader - Partnership - Limited Partnership - LLP - Ltd Company	Peterborough based Aldermore launched in 2009 and look after over £12.4bn of deposits. You can find out more about them here
B Allica Bank	0.85%	£10,000 / £250,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid on Anniversary Paid Monthly Paid Annually Paid On Maturity	- Ltd Company only - Must be UK based	Allica are based in Milton Keynes and were awarded their banking licence in 2019 and launched in April 2020. You can find out more about them here
clydesdale bank	0.50%	£5,000 / £5,000,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid On Maturity	• Limited Company • Limited Liability Partnership • Not for profits • Partnership • Sole Trader • Charities • Client Monies • Clubs	Clydesdale Bank makes their first appearance in our best buy tables since our launch. This account is likely to appeal only to businesses close to one of Clydesdale’s branches, or its sister brand, Yorkshire Bank, who have the same offer
Hampshire Trust Bank	1.11%	£5,000 / £750,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid on Anniversary Paid Away or Compounded Paid Annually	- Ltd Company - Plc - Partnerships - LLP - Registered Charities - Trusts - Clubs & Societies - Associations - Must be UK registered business	London based Hampshire Trust Bank launched in 1977 but was acquired by a new management team in 2014. You can read more about them here
Hodge Bank	0.75%	£1,000 / £1m	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Monthly Paid Annually Paid Away	- Limited Companies - LLPs - Sole Traders - Partnerships	Hodge bank is based in South Wales and was authorised in 1987 and looks after just under £1bn of deposits.
Redwood Bank	1.15%	£10,000 / £1,000,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Monthly Paid Annually Monthly interest paid on the last working day of the month Annual interest paid on 5th April	- Sole trader - Ltd company - Partnership - LLP - Society, association - Charity - Must be UK registered business - Shareholders must be UK residents	Redwood launched in August 2017, as a specialist business bank, and have been consistently competitive in our business notice tables since. You can read more about them here
Apply Now	1.00%	£5,000 / £2m	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Monthly Paid Annually	- Limited Company - LLPs - Partnership - Sole Trader - Must be UK registered business	Essex based Shawbrook launched in 2011 and re-launched its business savings proposition in 2019. It has been a stalwart in the business best buys since. Find out more about them here
United Trust Bank	1.20%	£5,000 / £1,000,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Annually Paid On Maturity	- Sole Trader - Ltd Company - LLP - Partnership - SIPPs / SASSs - Trusts - Clubs & Societies	London based specialist lender United Trust launched in 1955 and look after £1.6bn of savings Find out more about them here
Virgin Money	0.50%	£1,000 / £2,000,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Monthly Paid Annually	· Sole trader · Partnership · LLP · Ltd Company · Plc Must be UK registered business. Directors and owners must be UK resident	Competitive rate from Virgin, who entered the business savings market in January 2018. The low minimum deposit will appeal to many businesses as will the free access to Virgin Money Lounges

About The Savings Guru

We help savers get the best deal for their money by providing unique insight in to the savings market. We help prospective banks apply for a banking licence and we help build customer services, products and marketing for them. We also work with existing banks and building societies to improve their savings propositions. This insider view of savings means we are uniquely placed to help savers.

Find out more Meet the Team

Ask the Guru a Question