Business Deposits - Easy Access | The Savings Guru

Business Easy Access

Provider	Rate	Min/Max Deposit	Opening Account	Accessing Account	Interest Options	Eligibility	SG Verdict
Apply Now	0.50%	£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	Peterborough based Aldermore launched in 2009 and look after over £12.4bn of deposits. You can find out more about them here
Kent Alliance	0.20%	£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	- Maximum of 3 Directors who are also major (25%+) shareholders - Ltd companies only	This rate was introduced on 19th June 2020, having been held at 0.90% since 2017. Kent Reliance are part of One Savings Bank, which has recently completed a merger with Charter Court Financial Services (which includes Charter Savings Bank) and now looks after combined savings balances of £16.3bn.
Monmouthshire Building Society	0.25%	£1,000 / £5m	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Annually Annual interest paid 31st March Added to the account	- Limited Company - Accountants - Estate Agents - Schools/Colleges - Solicitors - Must be UK registered business - Maximum of 4 signatories	Monmouthshire Building Society is based in Newport and was founded in 1869. It looks after £818m of savers deposits
Saffron Building Society	0.10%	£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 UK business current account - All signatories must be UK resident taxpayers	Very competitive rate from Essex based Saffron, who look after £850m of savings and are one of the top 20 building societies, by size, in the UK
.Apply Now	0.50%	£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 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
TSB	0.30%	£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	0.50%	£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	Virgin Money entered the business savings market in January 2018, and launched a best buy rate in May 2018. They've historically been very competitive however they cut their rate to 0.40% in April 2020.

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