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	0.65%	£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	0.55%	£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	Peterborough based Aldermore Bank, who were formed in 2009, are now part of South African financial services group First Rand. They look after over £10bn of deposits.
Allica Bank	0.50%	£1,000 / £250,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	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.
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	0.75%	£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.
Apply Now	0.75%	£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	0.75%	£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	0.80%	£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	0.50%	£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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