Business 2 Year Fixed
Provider | Rate | Min/Max Deposit | Opening Account | Accessing Account | Interest Options | Eligibility | SG Verdict |
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5.05% | £20,000 / £2m | Branch | Branch |
| - 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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4.95% | £5,000 / £1,000,000 | Branch | Branch |
| - 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 abouy them here |
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5.03% | £5,000 / £2m | Branch | Branch |
|
- 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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5.00% | £10,000 / £5m | Branch | Branch |
| Sole trader Ltd company Partnership LLP Society Association Charity Trust Parish Council
Must be UK registered and shareholders must be UK residents
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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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5.10% | £100,000 / £5m | Branch | Branch |
| - Limited Company - Limited Liability Partnership - Public Limited Company - Accountants - Associations - Charities - Churches - Clubs - Co-operatives - Schools/Colleges - Trust Fund |
Close Bank have been trading since 1878, are a FTSE 250 listed company and look after over £6.4bn of savings You can find out more about them here
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3.51% | £5,000 / No Maximum | Branch | Branch |
| - 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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4.85% | £10,000 / £1,000,000 | Branch | Branch |
| - 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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6.00% | £1,000 / £1,000,000 | Branch | Branch |
| • 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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4.50% | £1,000 / £2,000,000 | Branch | Branch |
| · 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 |