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Best Business Savings Accounts UK: Rates Compared
Allica Bank pays the most (4.08% AER) with a separate FSCS licence. Tide is the simplest if you already bank there, Wise is an investment fund, not a savings account.
We verified all rates in April 2026, all are variable and may change. Tide and Capital on Tap savings are both held by ClearBank. Their £120,000 FSCS limit is shared across all your ClearBank accounts, not applied per account.
Quick Compare
Compare Business Savings Accounts at a Glance
Compare Business Savings Accounts at a Glance: Interest Rate · Access Type · FSCS Cover
Rates verified against provider websites, April 2026 (OakNorth: December 2025). All rates variable unless marked fixed. Tide and Capital on Tap savings are both held by ClearBank, FSCS £120,000 applies across all ClearBank accounts combined, not per account. Wise Interest is a money market fund, capital at risk, not a deposit. Hampden & Co rates require direct confirmation.
Which Business Savings Account Earns the Most?
Allica Bank pays the highest rate we’ve found from an affiliate: up to 4.08% AER on its instant-access pot, protected under Allica’s own FSCS licence, separate from any ClearBank account you hold.
Capital on Tap pays up to 3.82% AER. The headline rate includes a 60-day promotional bonus for new customers; the ongoing rate after that period is lower, so check the current rate before switching cash there.
Tide’s rate is plan-dependent: free-plan users get 2.27% AER, capped at £75,000. Plus plan and above get 3.09% to 3.74% AER. If you’re on the free plan, the rate gap matters.
Wise isn’t a savings account. The 3.23% net GBP return comes from a BlackRock money market fund. Access is flexible, but capital is at risk, not the same as FSCS-protected deposits.
Provider
Best rate
Account type
Deposit protection
Allica Bank
Up to 4.08% AER
Instant access (variable)
FSCS £120,000 (Allica Bank licence)
Shawbrook
4.22% AER
1-year fixed
FSCS £120,000 (Shawbrook Bank licence)
Aldermore
4.16% AER
1-year fixed
FSCS £120,000 (Aldermore Bank licence)
Capital on Tap
Up to 3.82% AER
Instant access (variable, promotional)
FSCS £120,000 (ClearBank, shared with Tide)
OakNorth
Up to 3.50% AER
30 or 95-day notice (£100k+ min)
FSCS £120,000 (OakNorth Bank licence)
Tide
Up to 3.74% AER
Instant access (plan-dependent)
FSCS £120,000 (ClearBank, shared with Capital on Tap)
Wise
3.23% net GBP
Money market fund, not a deposit
FCA regulated, not a standard deposit guarantee. Capital at risk.
Flagstone
Up to 4.99% AER (platform)
250+ accounts across 40+ banks (£100k min)
FSCS £120,000 per partner bank, spread strategy across 40+ institutions
Hampden Bank
Indicative, contact provider
Instant, 95-day notice, or fixed term (£250k min direct)
FSCS £120,000 (Hampden Bank own licence)
FSCS Protection: How Much of Your Savings Account Balance Is Covered?
The FSCS deposit protection limit rose to £120,000 per person per authorised firm on 1 December 2025. ClearBank holds deposits for both Tide and Capital on Tap, that £120,000 limit applies across all your ClearBank accounts combined, not per account.
If you hold £70,000 in Tide and £60,000 in Capital on Tap, only £120,000 of that £130,000 is covered.
Allica Bank uses its own banking licence, so your £120,000 protection there is separate from the ClearBank pool. Splitting cash across Allica and a ClearBank-backed account could protect up to £240,000 in total. We’d suggest verifying that position with an adviser before relying on it.
Wise Interest isn’t covered by the standard deposit guarantee. It is an investment product regulated by the FCA, capital is at risk. If the fund falls in value, your balance falls. Don’t put cash there that you can’t afford to see decline.
How to Choose a Business Savings Account
If you might need the cash within 30 days, instant access is the only sensible option. All four providers here offer that. For cash you can lock away for 30, 60, or 90 days, notice accounts and fixed bonds pay more, Aldermore and Cynergy are worth a look.
Check what you already use. Tide Savings opens inside Tide, no separate application. Capital on Tap Savings is most useful if you also use their credit card. If you don’t use either, Allica gives you the highest affiliate rate without switching banks.
If you’re depositing more than £120,000, work out which institution holds your funds and whether that FSCS protection is shared with another account. The ClearBank pool matters here.
Your situation
Start here
Why
Already banking with Tide
Tide Savings
Opens in the Tide app, no separate application, instant access
Already using Capital on Tap credit card
Capital on Tap Savings
Up to 3.82% AER, direct transfer to credit card, no fees
Established SME wanting the highest rate
Allica Bank
4.08% AER, separate FSCS licence, no current account lock-in required
International business, multi-currency cash
Wise Interest
GBP, USD, EUR in one account, but note: investment product, capital at risk
Depositing over £120,000
Split across Allica + Tide or CoT
Allica FSCS (£120k) is separate from ClearBank pool (£120k), total up to £240k protected
Every Business Savings Account, Reviewed
Tide Instant Saver Account
Tide Instant Saver Account
Tide’s Instant Saver sits inside the Tide app, so if you already have a Tide current account, setup takes minutes with no separate application.
Watch out: Rate depends on your Tide membership tier. Free-plan users get 2.00% AER, well below rivals, and the headline 4.00% applies only for the first four months. Deposits are held by ClearBank; if you also hold Capital on Tap savings (also ClearBank-backed), your FSCS protection is shared across both, not doubled.
Not ideal if: If you do not already bank with Tide, the standard rates give little reason to open a current account just for the saver, and dedicated savings accounts pay more. Watch the shared FSCS limit if you hold other ClearBank-backed savings.
Eligibility: Must hold a Tide Business Account (any tier). UK-registered businesses. Sole traders, LTDs, and partnerships accepted.
Not ideal if: If you do not already bank with Tide, the standard rates give little reason to open a current account just for the saver, and dedicated savings accounts pay more. Watch the shared FSCS limit if you hold other ClearBank-backed savings.
Watch out: Rate depends on your Tide membership tier. Free-plan users get 2.00% AER, well below rivals, and the headline 4.00% applies only for the first four months. Deposits are held by ClearBank; if you also hold Capital on Tap savings (also ClearBank-backed), your FSCS protection is shared across both, not doubled.
Instant access, no notice period, no penalties
Integrated with Tide current account: one-click transfers
Up to 4.00% AER for the first four months for new savers
FSCS-protected up to £120,000 via ClearBank
£1 minimum deposit
No fees or withdrawal limits
Monthly interest payments
Rate is plan-dependent: free-plan users get only 2.00% AER
Standard rates trail the best dedicated savings accounts
Must hold a Tide current account to access
Both Tide savings and Capital on Tap savings use ClearBank, so the combined FSCS limit is £120,000 total, not per account
Variable rate: no guaranteed minimum
Up to 3.25% AER standard, up to 4.00% AER for the first four months (variable, plan-dependent)
Instant access, no notice period
FSCS protected up to £120,000 (ClearBank)
Opens inside the Tide app, no separate application
Best for: Capital on Tap credit card users with surplus cash
Watch out: Promotional rate applies to new customers only for the first 60 days, the underlying rate may differ. Held by ClearBank: if you also hold Tide savings, your combined FSCS protection is £120,000 total, not per account. No review page confirms what the post-promotional rate will be at any given time.
Not ideal if: Not ideal if: you don’t use Capital on Tap credit card products, you want the highest guaranteed ongoing rate, or you hold other ClearBank-backed savings accounts.
Eligibility: UK-registered businesses. Must be a Capital on Tap account holder (Main Account Holder or Administrator role). No existing account required to open the savings product.
Not ideal if: Not ideal if: you don’t use Capital on Tap credit card products, you want the highest guaranteed ongoing rate, or you hold other ClearBank-backed savings accounts.
Watch out: Promotional rate applies to new customers only for the first 60 days, the underlying rate may differ. Held by ClearBank: if you also hold Tide savings, your combined FSCS protection is £120,000 total, not per account. No review page confirms what the post-promotional rate will be at any given time.
Up to 3.82% AER variable, among the highest instant-access rates from a fintech
Direct transfer to Capital on Tap credit card
FSCS-protected up to £120,000 via ClearBank
No fees, no withdrawal limits
£1 minimum deposit
Monthly interest payments
Headline rate includes a promotional period for new customers
Shares ClearBank FSCS limit with Tide Savings if you hold both
Rate is variable, no guaranteed floor
Less useful without an existing Capital on Tap credit product
Up to 3.82% AER (variable, promotional for new customers)
Best for: Established SMEs wanting FSCS-protected savings with a competitive rate
Watch out: Allica targets established SMEs, eligibility may exclude early-stage businesses or sole traders. Rate is variable and should be verified directly at allica.bank before opening. The savings pot requires an Allica Business Rewards Account.
Not ideal if: Not ideal if: you’re a sole trader, a startup under 12 months old, or you want a savings-only account without a linked current account.
Eligibility: UK-registered businesses. Established SMEs preferred, verify eligibility at allica.bank. Sole traders and very early-stage businesses may not qualify.
Not ideal if: Not ideal if: you’re a sole trader, a startup under 12 months old, or you want a savings-only account without a linked current account.
Watch out: Allica targets established SMEs, eligibility may exclude early-stage businesses or sole traders. Rate is variable and should be verified directly at allica.bank before opening. The savings pot requires an Allica Business Rewards Account.
Up to 4.08% AER, highest rate of affiliates on this page
FSCS protected up to £120,000 under Allica Bank’s own licence
FSCS protection is separate from ClearBank-backed accounts
Instant access, no notice period
No monthly fee on the savings pot
Current account included in the Allica Business Rewards Account
Requires an Allica Business Rewards Account, not savings-only
Built for established SMEs; may not suit startups or sole traders
Rate is variable, 4.08% AER is the current maximum, not guaranteed
Less app-focused than Tide or Monzo
Up to 4.08% AER (variable), highest affiliate rate
Instant access savings pot
FSCS protected up to £120,000 (Allica Bank licence)
Best for: International businesses holding GBP, USD, and EUR who already use Wise
Watch out: This is not a deposit account, capital is at risk and returns are not guaranteed. The 5-year rolling average (3.03%) is not the current rate. The 0.55% annual fee is deducted from returns. FSCS covers the investment up to £85,000, but this is not the same protection as a standard deposit account.
Not ideal if: Not ideal if: you need FSCS-protected deposit protection, you want a guaranteed rate, or you are unfamiliar with money market fund risk.
Eligibility: UK businesses with a Wise Business account. Available in GBP, USD, and EUR. Provided by Wise Assets UK Ltd.
Not ideal if: Not ideal if: you need FSCS-protected deposit protection, you want a guaranteed rate, or you are unfamiliar with money market fund risk.
Watch out: This is not a deposit account, capital is at risk and returns are not guaranteed. The 5-year rolling average (3.03%) is not the current rate. The 0.55% annual fee is deducted from returns. FSCS covers the investment up to £85,000, but this is not the same protection as a standard deposit account.
Returns added every working day, liquid and flexible
Multi-currency: GBP, USD, and EUR in one account
FCA regulated, BlackRock-managed money market fund
FSCS protection up to £85,000 on the investment
Competitive GBP net rate of 3.23%
No withdrawal penalties
Not a deposit account, capital at risk, returns not guaranteed
0.55% annual management fee on GBP reduces gross returns
FSCS applies to the investment, not as a standard deposit guarantee
Rate tracks central bank rate and can fall
3.23% net AER equivalent (GBP, after 0.55% fee), variable
Money market fund, not a savings deposit account
Multi-currency: GBP, USD, EUR
FCA regulated by Wise Assets UK Ltd (reg. 839689)
Shawbrook Business Savings
Shawbrook Business Savings
Shawbrook offers the widest product range of any non-affiliate on this page: easy access at 3.
Best for: Businesses wanting the highest fixed rate with separate FSCS protection
Watch out: Easy access rate (3.40% AER) is competitive but lower than Allica’s instant-access pot (4.08% AER). Fixed-term accounts lock your cash away, you can’t access funds early without penalty. Sole trader eligibility not confirmed on main product page, check shawbrook.co.uk before applying.
Not ideal if: Not ideal if: you need to access funds within the fixed term, you have less than £1,000 to deposit, or you want everything in one app alongside your current account.
Eligibility: UK-registered businesses. Limited companies confirmed. Sole trader eligibility not confirmed, check shawbrook.co.uk before applying.
Not ideal if: Not ideal if: you need to access funds within the fixed term, you have less than £1,000 to deposit, or you want everything in one app alongside your current account.
Watch out: Easy access rate (3.40% AER) is competitive but lower than Allica’s instant-access pot (4.08% AER). Fixed-term accounts lock your cash away, you can’t access funds early without penalty. Sole trader eligibility not confirmed on main product page, check shawbrook.co.uk before applying.
Up to 4.22% AER on 1-year fixed, highest fixed rate among non-affiliates
Full product range: easy access, notice, and fixed term in one place
FSCS protected up to £120,000 under Shawbrook’s own licence
No fees or standard charges
Online account opening available
Easy access rate (3.40% AER) trails Allica (4.08% AER) and Capital on Tap (3.82% AER) on instant access
£1,000 minimum deposit for easy access; £5,000 for notice and fixed
Fixed term accounts are illiquid, early access not guaranteed
Sole trader eligibility not confirmed, check shawbrook.co.uk
Up to 4.22% AER (1-year fixed)
Easy access from 3.40% AER, notice from 3.45% AER
FSCS protected up to £120,000 (Shawbrook Bank licence)
No fees, easy access max £500,000, fixed max £2,000,000
Best for: Limited companies wanting competitive notice or fixed-term rates
Watch out: Eligibility appears limited to limited companies, sole traders and partnerships should verify before applying. Easy access rate (2.45% AER) is below alternatives like Allica (4.08% AER) and Capital on Tap (3.82% AER). Fixed-term products lock cash for the full term.
Not ideal if: Not ideal if: you are a sole trader or partnership (eligibility not confirmed), you need instant access at a competitive rate, or you want an account integrated with your business banking.
Eligibility: UK-registered limited companies only (confirmed on product page). Directors must be over 18, UK-resident, and UK tax-resident. US citizens excluded.
Not ideal if: Not ideal if: you are a sole trader or partnership (eligibility not confirmed), you need instant access at a competitive rate, or you want an account integrated with your business banking.
Watch out: Eligibility appears limited to limited companies, sole traders and partnerships should verify before applying. Easy access rate (2.45% AER) is below alternatives like Allica (4.08% AER) and Capital on Tap (3.82% AER). Fixed-term products lock cash for the full term.
Up to 4.16% AER on 1-year fixed, matches best non-affiliate fixed rate
95-day notice at 4.00% AER, strong for planned liquidity
FSCS protected up to £120,000 under Aldermore’s own licence
No fees or standard charges
Online account opening available
Easy access rate (2.45% AER) is the lowest on this page
Limited companies only, sole traders and partnerships excluded
US citizens and non-UK tax residents excluded
Fixed-term accounts are illiquid
Up to 4.16% AER (1-year fixed)
95-day notice: 4.00% AER
FSCS protected up to £120,000 (Aldermore Bank licence)
Best for: Businesses with £100,000+ in reserves wanting notice-account rates
Watch out: Notice accounts pay 0% on balances under £100,000. Turnover requirement (£1m+) or minimum deposit (£50,000) may exclude smaller businesses. Rates verified December 2025, verify current rates before applying.
Not ideal if: Not ideal if: you have less than £100,000 in savings, your business turnover is under £1 million (without the £50,000 minimum deposit), or you want instant access at a competitive rate.
Eligibility: UK-registered limited companies, PLCs, LLPs, or overseas companies. Turnover exceeding £1 million OR minimum £50,000 deposit. Directors must be 18+.
Not ideal if: Not ideal if: you have less than £100,000 in savings, your business turnover is under £1 million (without the £50,000 minimum deposit), or you want instant access at a competitive rate.
Watch out: Notice accounts pay 0% on balances under £100,000. Turnover requirement (£1m+) or minimum deposit (£50,000) may exclude smaller businesses. Rates verified December 2025, verify current rates before applying.
Up to 3.50% AER on notice accounts for £100,000+ balances
FSCS protected up to £120,000 under OakNorth’s own banking licence
Separate FSCS pool from ClearBank-backed accounts
Easy access Savings Vault opens automatically for existing current account holders
Notice accounts pay 0% on balances under £100,000
High eligibility bar: £1m turnover or £50,000 minimum deposit
Easy access rate (2.35% AER) is among the lowest on this page
Rates verified December 2025, may have changed [VERIFY current rate]
Up to 3.50% AER variable (30 or 95-day notice, £100,000+ minimum)
Easy access Savings Vault: 2.35% AER variable
FSCS protected up to £120,000 (OakNorth Bank licence)
Targets businesses with £1m+ turnover or £50,000 minimum deposit
Flagstone Business Savings Platform
Flagstone Business Savings Platform
Flagstone is not a bank, it’s a platform that connects businesses to savings accounts from 40+ FCA-regulated banks via a single login.
Best for: Businesses with £100,000+ wanting to spread deposits across multiple FSCS-protected banks
Watch out: Flagstone deducts a fee from interest, the net rates on the platform are lower than the headline bank rates. £100,000 minimum deposit excludes most small businesses. The platform adds a login layer between you and your deposits; check the terms on individual partner banks.
Not ideal if: Not ideal if: you have less than £100,000 to deposit, you want to deal directly with a single bank, or you need an integrated account alongside your existing business banking.
Eligibility: UK businesses. Minimum £100,000 deposit. No turnover requirement stated, verify at flagstoneim.com before applying.
Not ideal if: Not ideal if: you have less than £100,000 to deposit, you want to deal directly with a single bank, or you need an integrated account alongside your existing business banking.
Watch out: Flagstone deducts a fee from interest, the net rates on the platform are lower than the headline bank rates. £100,000 minimum deposit excludes most small businesses. The platform adds a login layer between you and your deposits; check the terms on individual partner banks.
Spread deposits across 40+ banks, FSCS protection beyond £120,000 per institution
250+ savings accounts from one login
Rates up to 4.99% AER available on fixed terms
Easy access, notice, and fixed options all available
£100,000 minimum deposit, excludes most SMEs
Flagstone deducts a fee from interest, exact percentage not published
Not a bank, you are placing deposits with partner institutions, not Flagstone
More complex than opening an account directly with a bank
Savings platform, not a bank
250+ accounts from 40+ FCA-regulated partner banks
FSCS spread across multiple institutions (per-bank limit applies)
£100,000 minimum deposit
Hampden Bank Business Deposit Accounts
Hampden Bank Business Deposit Accounts
Hampden Bank (formerly Hampden & Co, rebranded March 2025) is a private bank, not a mass-market savings product.
Best for: High-net-worth businesses and private-bank clients depositing £250,000+ who want a relationship-led approach and FSCS protection under a separate banking licence
Watch out: Rates are not publicly published, you must contact Hampden Bank directly or access via Flagstone. Minimum deposit is £250,000 direct (£100,000 via Flagstone). A Hampden Bank current account is required to hold a deposit account. This is a private banking relationship, not a self-service savings product.
Not ideal if: Not ideal if: you have less than £250,000 to deposit, you want a published rate to compare directly, you are looking for a self-service account with an app, or you do not already have a relationship with a private bank.
Eligibility: UK businesses. £250,000 minimum deposit direct (£100,000 via Flagstone). Hampden Bank current account required. Private banking relationship, contact provider to discuss eligibility.
Not ideal if: Not ideal if: you have less than £250,000 to deposit, you want a published rate to compare directly, you are looking for a self-service account with an app, or you do not already have a relationship with a private bank.
Watch out: Rates are not publicly published, you must contact Hampden Bank directly or access via Flagstone. Minimum deposit is £250,000 direct (£100,000 via Flagstone). A Hampden Bank current account is required to hold a deposit account. This is a private banking relationship, not a self-service savings product.
FSCS protected up to £120,000 under Hampden Bank’s own licence
Three account types: instant access (Call), 95-day notice, and fixed term (1 month to 5 years)
Relationship-led private banking, bespoke deposit terms available
Separate FSCS licence from ClearBank and Allica, useful for FSCS stacking
£250,000 minimum deposit direct (£100,000 via Flagstone)
Rates not published publicly, indicative only, available on request
Hampden Bank current account required to open a deposit account
Not a self-service or app-based product, private banking model
Private bank deposit accounts, not mass market
Call Account (instant), 95-Day Notice, Term Account (1 month to 5 years)
FSCS protected up to £120,000 (Hampden Bank own licence)
£250,000 minimum direct / £100,000 via Flagstone
Hampden Bank current account required
Business Savings Account FAQs
How we reviewed Best Business Savings Accounts UK
Ranking criteria. We ranked providers on cost, eligibility, features, and ease of access. Cost and protection carry the heaviest weight because these matter across every business type and rarely change with reader preferences.
Data sources. Every provider’s pricing page, terms, and product docs were checked directly in April 2026. No comparison sites, no press releases, no affiliate material. FCA register cross-checked for regulatory status.
Update cadence. We re-verify every provider on this page at least monthly, and whenever a provider changes pricing, eligibility, or terms. The verification date on the page reflects the most recent full review. Some links on this page are affiliate links, see our editorial policy.
Tide Instant Saver Account
Capital on Tap Business Savings Account
Allica Instant Access Business Savings Pot
Wise Business Interest (Assets)
Shawbrook Business Savings
Aldermore Business Savings
OakNorth Business Savings
Flagstone Business Savings Platform
Hampden Bank Business Deposit Accounts