Business 1 Year Fixed
| Provider | Rate | Min/Max Deposit | Opening Account | Accessing Account | Interest Options | Eligibility | SG Verdict |
|---|---|---|---|---|---|---|---|
|
1.21% | £1,000 / no maximum | Branch | Branch |
| - 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 |
|
1.20% | £10,000 / £1,000,000 | Branch | Branch |
| - Limited Company - Not for profit organisation - Plc - Charities - Client Monies - Client Monies - Designated - Estate Agents - Financial Intermediaries - Pension Fund Managers |
BFC Bank is a Bahrainian Bank which was launched in the UK in September 2016. They only operate postal accounts and accept businesses which turnover in excess of £2m per annum. |
|
0.75% | £5,000 / £750,000 | Branch | Branch |
| - 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. It has consistently appeared in the business account best buy tables since launch. |
|
1.20% | £1,000 / £1m | Branch | Branch |
| - 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. |
|
1.00% | £5,000 / No Maximum | Branch | Branch |
| - Sole trader - Partnership - LLP - Ltd Company - Plc - Not for profit - Must be UK registered business |
Metro has 74 branches across the UK and has been in operation since 2009. It looks after £14.5bn of savings |
|
1.25% | £5,000 / £250,000 | Branch | Branch |
| - Ltd Company - Limited Partnership - LLP - Charity - Must have UK business current account - All signatories must be UK resident taxpayers |
Competitive rate from Essex based Saffron, who look after £850m of savings and are one of the top 20 building societies, by size, in the UK |
|
1.40% | £5,000 / £2m | Branch | Branch |
|
- Limited Company - LLPs - Partnership - Sole Trader - Must be UK registered business |
Essex based Shawbrook launched in 2011 and re-launched its business account proposition in 2019. It has been a stalwart in the business best buy tables since then. |
|
1.00% | £1,000 / £1,000,000 | Branch | Branch |
| • Ltd Company • LLP • Not for profit • Partnership • Plc • Sole Trader |
First appearance in our business best buys for Union Bank of India UK, which is a subsidiary of Union Bank of India, one of the largest public sector banks in India |
|
1.30% | £5,000 / £1,000,000 | Branch | Branch |
| - Sole Trader - Ltd Company - LLP - Partnership - SIPPs / SASSs - Trusts - Clubs & Societies |
United Trust Bank was founded in 1955 and is a specialist lender with a single branch in Moorgate, London. They look after £1.22bn of savings |
|
0.70% | £1,000 / £2,000,000 | Branch | Branch |
| · 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 |