Business Deposits - 1 Year Fixed | The Savings Guru

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Business Up To 1 Year Fixed

Provider	Rate	Min/Max Deposit	Opening Account	Accessing Account	Interest Options	Eligibility	SG Verdict
B Allica Bank	4.80% (6 months)	£20,000 / £2m	Branch App Internet Post Telephone	Branch App Internet Post Telephone	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
Apply Now	3.60% (6 months)	£1,000 / £1,000,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid on Anniversary Paid Away or Compounded Paid Monthly Paid Annually	- Sole trader - Partnership - Limited Partnership - LLP - Ltd Company	Peterborough based Aldermore launched in 2009 and look after over £13.1bn of deposits. You can find out more about them here
Apply Now	4.11% (3 months)	£5,000 / £1,000,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	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
Apply Now	4.14% (6 months)	£5,000 / £1m	Branch App Internet Post Telephone	Branch App Internet Post Telephone	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
OakNorth	1.50%	£1,000 / £250,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Monthly Paid Compounded	Available to businesses that have been registered in the UK for at least 2 years and are registered with HMRC to pay tax in the UK. All shareholders and directors must be UK residents and liable to pay tax in the UK The business must not be engaged in oil or gas production; leather tanning; manufacturing, dressing or dyeing of fur; armaments; defence activities; wholesale or recovery of waste or scrap; banking or credit; trade finance; insurance or pensions activities; and gambling or betting activities.	OakNorth launched in 2015 and offers debt and property finance to UK small and medium size enterprises. Savers should note that only one single deposit can be made to fund the account
Recognise Bank	4.10% (6 Months)	£1,000 / £85,000*	Branch App Internet Post Telephone	Branch App Internet Post Telephone	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	*Maximum deposit for LLP and Ltd companies is £250,000 but for sole traders and partnerships, the limit is £85,000 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

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