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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 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 abouy them here

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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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• 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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• Paid Annually
• Paid Away

-       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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Branch
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Telephone

• 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

Branch
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Telephone

Branch
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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 

-       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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• 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

Branch
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Branch
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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