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Business Notice Accounts

Provider Rate Min/Max Deposit Opening Account Accessing Account Interest Options Eligibility SG Verdict
Allica Bank
1.85% (180 Days) 1.70% (95 Days) £10,000 / £250,000

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  • Paid on Anniversary
  • Paid Monthly
  • Paid Annually
  • Paid On Maturity

- Ltd Company only

- Must be UK based

Allica are based in Milton Keynes and were awarded their banking licence in 2019 and launched in April 2020. 

You can find out more about them here

Buckinghamshire Building Society
0.75% (120 Days) £100 / £500,000

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  • Paid Away or Compounded
  • Paid Annually
  • Paid 31st December

- Limited Company

- Limited Liability Partnership

- Not for profit organization

- Partnership

- Public Limited Company

- Sole Trader

- Accountants

- Associations

- AVC Trustees

- Charities

- Churches

- Clubs

- Co-operatives

- Embassies

- Estate Agents

- Executors

- Financial Intermediaries

- Friendly Societies

- Pension Fund Managers

- Schools/Colleges

- Scottish Solicitors

- Social Enterprises

- Solicitors

- Trade Union 

Buckinghamshire is one of the smallest building societies in the UK, looking after £234m of deposits.  They have been competitive on business accounts throughout 2020.

Cambridge & Counties Bank
1.65% (95 Day) £10,000 / £3m

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  • Paid Monthly
  • Paid Annually
  • Monthly interest paid on the last working day of the month Annual interest paid on 5th April

Sole trader

Ltd company

Partnership

LLP

Society

Association

Charity

Trust

Parish Council

 

Must be UK registered and UK resident shareholders

 

Cambridge & Counties Bank launched in June 2012 as a specialist business finance and savings bank

You can find out more about them here

Charity Bank
1.86% £25,000+ 1.71% £1,000+ (100 Day Notice) £1,000 / £500,000

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  • Paid Quarterly

-       Partnership

-       Ltd Company

-       Must be UK registered company

-       Directors/shareholders must be UK resident

Charity Bank is an ethical bank owned by charitable foundations, trusts and social purpose organisations based in Tonbridge

Close Brothers
1.70% (95 Days) £25,000 / £1m

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  • Paid half yearly
  • Paid 1st January
  • Paid 1st July

-       Limited Company

-       Limited Liability Partnership

-       Public Limited Company

-       Accountants

-       Associations

-       Charities

-       Churches

-       Clubs

-       Co-operatives

-       Schools/Colleges

-       Trust Fund

This account is open to UK incorporated companies with less than 250 employees whose net turnover is under £40m or balance sheet is under £35m

Close Bank have been trading since 1878, are a FTSE 250 listed company and look after over £6.4bn of savings

You can find out more about them here

 

Investec
1.125% (32 day) £40,000 / £800,000

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  • Paid Monthly
  • Added to the account
  • Paid 1st of the month

       -       Limited Company

-       Registered for at least one year

-       Total balance sheet of less than £36.55m

-    Turnover of less than £42.5m

-       Directors / beneficial owners are UK resident and UK taxpayers only

Investec is the 10th largest bank in the UK

Monmouthshire Building Society
0.75% (90 Days) £5,000 / £5m

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  • 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

Nationwide
1.26% (125 Day) 1.16% (95 Day) £50,000 / £1,000,000

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  • Paid Annually
  • Annual interest paid 31st March
  • Monthly interest paid first working day of the month

-       Sole Trader

-       Charity

-       Partnership

-       Ltd Company

-       Plc

-       Express Trusts

-       Unincorporated (Club, Parish Council)

-       Employ up to 250 employees.

-       Annual turnover or assets up to £45m

-       UK registered businesses only

Formed in 1846, Nationwide is the UK’s largest building society and one of the seven largest savings providers in the UK, looking after £156.5bn of savings deposits.

Newcastle Building Society
1.60% (60 Day) £1 / £1m

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Branch
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  • Paid on Anniversary
  • Paid Monthly
  • Paid Annually

-       Ltd Company

-       LLP

-       Partnership

-       Sole Trader

-       Maximum turnover of business is £42.5m

 

Newcastle is the eighth largest building society in the UK, looking after £3.4bn of savings

Recognise Bank
2.20% (95 Day) £1,000 / £85,000

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  • Paid on Anniversary
  • Paid Away or Compounded
  • Paid Monthly
  • Paid Annually

-       Sole Trader

-       Ltd Company 

-       Partnership

-       LLP

-      Must be Small to Medium Sized Enterprise with fewer than 250 employees and either assets of less than £36.5m or turnover under £42m

 

-       Must be UK registered business with directors and beneficial owners all UK resident and at least 18 years old

 

Recognise received its full banking licence in September 2021 and looks after just under £100m of savings.  You can find out more about them here

Redwood Bank
1.95% (95 Day) £10,000 / £1,000,000

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  • Paid Monthly
  • Paid Annually
  • Monthly interest paid on the last working day of the month Annual interest paid on 5th April

-       Sole trader

-       Ltd company

-       Partnership

-       LLP

-       Club, society, association

-       Charity

-       Must be UK registered business

-       Shareholders must be UK residents    

Redwood launched in August 2017, as a specialist business bank, and have been consistently competitive in our business notice tables since.

You can read more about them here

Shawbrook Bank
0.90% (45 Day) £1,000 / £1,000,000

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  • Paid Annually

-       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

Shawbrook Bank
1.00% (100 Day) £1,000 / £1,000,000

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  • Paid Annually

-       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

United Trust Bank
2.10% (200 Day)
1.95% (100 Day)
1.70% (40 Day)
£5,000 - £1,000,000

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  • Paid Annually
  • Paid On Maturity

-       Sole Trader

-       Ltd Company

-       LLP

-       Partnership

-       SIPPs / SASSs

-       Trusts

-       Clubs & Societies    

London based specialist lender United Trust launched in 1955 and look after £1.6bn of savings

Find out more about them here

Virgin Money
1.36% (120 Day) 1.26% (95 Day) 1.11% (65 Day) 1.00% (30 Day) £1 / No maximum

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  • Paid Monthly
  • Paid Annually

·       Sole trader

·       Partnership

·       LLP

·       Ltd Company

·       Plc

 Must be UK registered business.

Directors and owners must be UK resident    

Competitive rate from Virgin, who entered the business savings market in January 2018.

The low minimum deposit will appeal to many businesses as will the free access to Virgin Money Lounges

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.

Find out moreMeet the Team

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