Business Deposits - Easy Access | The Savings Guru

Business Easy Access

Provider	Rate	Min/Max Deposit	Opening Account	Accessing Account	Interest Options	Eligibility	SG Verdict
AL Rayan	1.00%	£500 / No Maximum	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Monthly	• 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	1.00%	£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
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
Saffron Building Society	1.02%	£10,000 / £500,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Annually Paid 31st December Paid Compounded	• Ltd Company • Limited Partnership • LLP • Charity Must have a business current account held with a UK Bank All signatories must reside in the UK for tax purposes at time of application	Very competitive rate from Essex based Saffron, who look after £850m of savings and is one of the top 20 building societies, by size, in the UK
Shawbrook	1.05%	£1,000 / £1,000,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Annually Paid 31st December	• Limited Company • Limited Liability Partnership • Partnership • Sole Trader Must be UK registered	Essex based Shawbrook launched in 2011 but this is its first business easy access account and goes straight to the top of our best buy tables
TSB	1.00%	£5,000 / £5m	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Monthly	• Ltd Company • LLP • Not for profit • Partnership • Plc • Sole Trader Maximum turnover of business is £2m	TSB was relaunched in 2013 as part of a separation of part of the Lloyds Banking Group. Since June 2015, it has been part of Spanish Banking Group Sabadell and has around 500 branches across the UK
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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