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Business Easy Access

Provider Rate Min/Max Deposit Opening Account Accessing Account Interest Options Eligibility SG Verdict
Al Rayan Bank
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 Bank
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

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    

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