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	1.86%	£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	1.70%	£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
Cambridge & Counties Bank	1.60%	£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 C&CB have over £800m of business deposits
Hampshire Trust Bank	1.55%	£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
Oak North	1.61%	£1,000 / £250,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Monthly Paid Compounded	Available to businesses that have been registered in the UK for at least 2 years and are registered with HMRC to pay tax in the UK. All shareholders and directors must be UK residents and liable to pay tax in the UK The business must not be engaged in oil or gas production; leather tanning; manufacturing, dressing or dyeing of fur; armaments; defence activities; wholesale or recovery of waste or scrap; banking or credit; trade finance; insurance or pensions activities; and gambling or betting activities.	OakNorth launched in 2015 and offers debt and property finance to UK small and medium size enterprises. Savers should note that only one single deposit can be made to fund the account
Virgin Money	1.60%	£1,000 / £1,000,000	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

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