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	2.07%	£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
Aldermore	1.85%	£1,000 / £1,000,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Anniversary Paid Away or Compounded Paid Monthly Paid Annually	· Sole trader · Partnership · Limited Partnership · LLP · Ltd Company	Aldermore was formed in 2009 and is now part of South African banking group FirstRand
Hampshire Trust Bank	1.85%	£5,000 / £750,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Anniversary Paid Away or Compounded Paid Annually	Ltd Company Plc Partnerships LLP Registered Charities Trusts Clubs Associations Societies Must be UK registered	London based Hampshire Trust Bank launched in 1977 but was acquired by a new management team in 2014 and has been a stalwart in the business notice account best buy tables since launch
Metro Bank	1.75%	£5,000 / No Maximum	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Anniversary Paid Monthly Paid Annually	• Sole trader • Partnership • LLP • Ltd Company • Plc • Not for profit Must be UK registered business	Metro has 67 branches across the UK and has been in operation since 2009 and looks after over £15bn of savings
Redwood Bank	2.00%	£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 and shareholders must be UK residents	Redwood Bank launched in August 2017 as a specialist business bank Redwood has been consistently competitive on business accounts since launch
United Trust Bank	1.90%	£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	United Trust Bank was founded in 1955 and is a specialist lender Their sole branch is in Moorgate in London
Virgin Money	1.75%	£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

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