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	1.65%	£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
clydesdale bank	1.75%	£5,000 / £5,000,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid On Maturity	• Limited Company • Limited Liability Partnership • Not for profits • Partnership • Sole Trader • Charities • Client Monies • Clubs	Clydesdale Bank makes their first appearance in our best buy tables since our launch. This account is likely to appeal only to businesses close to one of Clydesdale’s branches, or its sister brand, Yorkshire Bank, who have the same offer
Hampshire Trust Bank	1.71%	£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
Union Bank of India	1.70%	£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
A United Trust Bank	1.75%	£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 Their sole branch is in Moorgate in London
Virgin Money	1.60%	£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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