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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
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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    

Mansfield 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    

Virgin 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    

About The Savings Guru

We help savers get the best deal for their money by providing unique insight in to the savings market.  We help prospective banks apply for a banking licence and we help build customer services, products and marketing for them.  We also work with existing banks and building societies to improve their savings propositions.  This  insider view of savings means we are uniquely placed to help savers.

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