Receive the Savings Guru's updates straight to your inbox

Business Notice Accounts

Provider Rate Min/Max Deposit Opening Account Accessing Account Interest Options Eligibility SG Verdict
Al Rayan Bank
0.90% (60 Days) £250 / No Maximum

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Anniversary
  • Paid Annually
  • Paid Quarterly
  • Paid Away

-       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.

Allica Bank
1.10% (95 Days) £1,000 / £250,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • 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. 

Close Brothers
0.90% (95 Days) £25,000 / £1m

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • 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

Close has been trading since 1878, is listed on the FTSE 250 and looks after £5.5bn of savings

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

 

Clydesdale Bank
0.60% (120 Day) £500 / No Maximum

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Monthly

-       Limited Company

-       Limited Liability Partnership

-       Not for profits

-       Partnership

-       Sole Trader

-       Charities

-       Client Monies

-       Clubs

Clydesdale are now part of Virgin Money and this account is likely to appeal only to businesses close to one of Clydesdale’s branches, or its sister brand, Yorkshire Bank, who have the same offer.

Hodge Bank
1.00% (100 Days) £10,000 / £1m

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Monthly
  • Paid Away

-       Limited Companies

-       LLPs

-       Sole Traders

-       Partnerships

 Hodge bank is based in South Wales and was authorised in 1987 and looks after just under £1bn of deposits.

Melton Building Society
0.50% (100 days) £100 / £500,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Away or Compounded
  • Paid Annually
  • Annual interest paid 31st March

-       Limited Company

-       LLPs

-       Not for profit organisations

-       Partnership

-       Sole Trader

-       Charities (registered)

-       Churches

-       Clubs

-       Schools/Colleges

-       Social Enterprises

-       Must be UK registered business

The Melton is based in Melton Mowbray, with additional branches in Grantham and Oakham, and looks after £380m of savings.

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

Redwood Bank
0.60% (95 Days) £10,000 / £1,000,000

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

-       Sole trader

-       Ltd company

-       Partnership

-       LLP

-       Club, society, association

-       Charity

-       Must be UK registered business

-       Shareholders must be UK residents    

Redwood Bank launched in August 2017, as a specialist business bank, and have been consistently competitive on business notice accounts since

Shawbrook Bank
0.60% (100 Days)
0.55% (45 Days)
£1,000 / £1,000,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • 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 account proposition in November 2019.  It has been a stalwart in our business best buy tables since then.

United Trust Bank
1.00% (100 Days) 0.70% (40 Days) £5,000 - £1,000,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Annually
  • Paid On Maturity

-       Sole Trader

-       Ltd Company

-       LLP

-       Partnership

-       SIPPs / SASSs

-       Trusts

-       Clubs & Societies    

United Trust Bank was founded in 1955 and is a specialist lender with a single branch in Moorgate, London.  They look after £1.22bn of savings

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

Ask the Guru a Question

Your Name

Please let us know your name.
Your Email

Please let us know your email address.
Question

Please let us know your message.


Invalid Input