Business 1 Year Fixed
Provider | Rate | Min/Max Deposit | Opening Account | Accessing Account | Interest Options | Eligibility | SG Verdict |
---|---|---|---|---|---|---|---|
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0.65% | £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 |
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0.55% | £1,000 / £1,000,000 | Branch | Branch |
|
- Sole trader - Partnership - Limited Partnership - LLP - Ltd Company |
Peterborough based Aldermore Bank, who were formed in 2009, are now part of South African financial services group First Rand. They look after over £10bn of deposits. |
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0.50% | £1,000 / £250,000 | Branch | Branch |
| - 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. |
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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. |
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0.75% | £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. |
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0.75% | £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. |
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0.75% | £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 |
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0.80% | £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 |
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0.50% | £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 |