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Branch
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• 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

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Branch
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• 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

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Branch
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• 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

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Branch
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• 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

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Branch
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• Paid on Anniversary
• Paid Monthly
• Paid Annually

-       Sole trader

-       Partnership

-       LLP

-       Ltd Company

-       Plc

-       Not for profit

-       Must be UK registered business

Metro has 77 branches across the UK and has been in operation since 2009.  It looks after £14.5bn of savings

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Branch
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• 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

Branch
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Branch
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• 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

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Branch
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• 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 savings tables since.

You can read more about them here

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Branch
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• 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

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Branch
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• 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

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Branch
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• 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

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Branch
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• 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

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Branch
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• 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