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
1.86% £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

 

This bond is for 13 months

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
1.80% £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

About The Savings Guru

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