Business Deposits - Easy Access | The Savings Guru

Business Easy Access

Provider	Rate	Min/Max Deposit	Opening Account	Accessing Account	Interest Options	Eligibility	SG Verdict
Aldermore	1.00%	£1,000 / £1m	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Away or Compounded Paid Monthly Paid Annually Paid on monthly or annual anniversary of account opening	- Sole trader - Partnership - Limited Partnership - LLP - Ltd Company	Aldermore was formed in 2009 and is now part of South African banking group FirstRand
Charity Bank	0.75%	£10,000 / £500,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Quarterly	- Sole trader - Partnership - Ltd Company Must be UK registered company and UK resident directors and shareholders	Charity Bank is an ethical bank owned by charitable foundations, trusts and social purpose organisations
Kent Alliance	0.90%	£1,000 / £1m	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	- Ltd Company - Maximum of 3 Directors who are also major (25%+) shareholders	Competitive offering from Kent Reliance, who are part of One Savings Bank plc, and have held this rate throughout 2018 and 2019 so far
Manfields Building Society	0.50%	£1 / £400,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Away or Compounded Paid Annually Paid 31st December	Sole traders Partnerships Corporates Unincorporated businesses Clubs · Associations Registered charities	Mansfield Building Society has four branches across Nottinghamshire and Derbyshire and looks after around £270m of deposits
Nationwide	0.65% Annual 0.60% Monthly	£10,000 / £10m	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 Annual interest paid 31st March	- Sole Trader - Charity - Partnership - Ltd Company - Plc - Express Trusts - Unincorporated (Club, Parish Council) Must also: - Employ up to 250 employees. - Have an annual turnover or assets of up to £45 million. - Be UK registered	Nationwide is the UK’s largest building society and was formed in 1846
Vrgin Money	1.01%	£1,000 / £1m	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Monthly Paid Annually Monthly Interest Paid on the 10th of the Month	- Sole trader - Partnership - LLP - Ltd Company - Plc Must be UK registered business. Directors and owners must be UK resident	Very competitive rate from Virgin, who entered the business savings market in January 2018, and launched this rate in May 2018

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