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Business 1 Year Fixed

Provider Rate Min/Max Deposit Opening Account Accessing Account Interest Options Eligibility SG Verdict
Al Rayan Bank
1.21% £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

BFC Bank
1.20% £10,000 / £1,000,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid On Maturity

-       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.

Hampshire Trust Bank
0.75% £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 & 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.

Hodge Bank
1.20% £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.

Metro Bank
1.00% £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 74 branches across the UK and has been in operation since 2009.  It looks after £14.5bn of savings

Saffron Building Society
1.25% £5,000 / £250,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Annually
  • Paid 31st December
  • Paid Compounded

-       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

Shawbrook Bank
1.40% £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 account proposition in 2019.  It has been a stalwart in the business best buy tables since then.

Union Bank of India
1.00% £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
1.30% £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 with a single branch in Moorgate, London.  They look after £1.22bn of savings

Virgin Money
0.70% £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

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