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
Apply Now	2.50%	£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 £13.1bn of deposits. You can find out more about them here
B Allica Bank	2.10%	£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
Cambridge & Counties Bank	3.30%	£10,000 / £5,000,000	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 Trust Parish Council Must be UK registered and shareholders must be UK residents	Cambridge & Counties Bank launched in June 2012 as a specialist business finance and savings bank You can find out more about them here
Charity Bank	2.56%	£1,000 / £500,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Quarterly	- Partnership - Ltd Company - Must be UK registered company - Directors/shareholders must be UK resident	Charity Bank is an ethical bank owned by charitable foundations, trusts and social purpose organisations based in Tonbridge
Nationwide	2.00%	£5,000 / £1,000,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid On Maturity	- Sole Trader - Charity - Partnership - Ltd Company - Plc - Express Trusts - Unincorporated (Club, Parish Council) - Employ up to 250 employees. - Annual turnover or assets up to £45m - UK registered businesses only	Formed in 1846, Nationwide is the UK’s largest building society and one of the seven largest savings providers in the UK, looking after £156.5bn of savings deposits.
Recognise Bank	1.80%	£1,000 / £85,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid on Anniversary Paid Away or Compounded Paid Monthly Paid Annually	- Sole Trader - Ltd Company - Partnership - LLP - Must be Small to Medium Sized Enterprise with fewer than 250 employees and either assets of less than £36.5m or turnover under £42m - Must be UK registered business with directors and beneficial owners all UK resident and at least 18 years old	Recognise received its full banking licence in September 2021 and looks after just under £100m of savings. You can find out more about them here
Redwood Bank	2.40%	£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	1.25%	£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
Union Bank of India	2.85%	£1,000 / £1,000,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Away or Compounded Paid Annually	• 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
United Trust Bank	2.90%	£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	London based specialist lender United Trust launched in 1955 and look after £1.6bn of savings Find out more about them here
Virgin Money	2.20%	£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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