Capital on Tap Business Savings Review: Rate, Fees and Who It Suits
Capital on Tap Business Savings: up to 3.82% AER variable, instant access, no fees — but existing Capital on Tap customers only, and the headline rate includes a 60-day promotional period for new customers.
- Up to 3.82% AER variable on instant-access business savings.
- FSCS-protected up to £120,000 via ClearBank. No fees, no notice period.
- Direct transfer to Capital on Tap credit card. Existing customers only.
Capital on Tap pays up to 3.82% AER on an instant-access savings account with no notice period and no fees. The rate includes a promotional element for new customers during the first 60 days. After that, the ongoing rate may be lower — confirm at capitalontap.com.
The catch is eligibility: you must already be a Capital on Tap account holder. If you use Capital on Tap for your business credit card, the savings account opens quickly and lets you transfer funds directly to your CoT card balance. That integration is the strongest argument for this product.
We reviewed Capital on Tap’s savings product at capitalontap.com in May 2026. We compare it against our best business savings accounts and the Allica Bank savings review.
Capital on Tap Business Savings at a Glance
Our Verdict
If your business already uses Capital on Tap for credit, the savings account is a fast, no-paperwork way to earn interest on idle cash. Up to 3.82% AER on instant access, no fees, and one-click setup. That’s the case for it.
The case against: the headline rate includes a 60-day promotional period. The post-promotional rate may be lower — Capital on Tap doesn’t publish it in advance. If you don’t use CoT, you need to open a credit account before accessing savings. That’s a two-step process.
For businesses not on Capital on Tap, Allica Bank (up to 4.08% AER, instant access, open eligibility) is the stronger argument for instant-access savings.
Best For
Existing Capital on Tap customers with surplus cash. Businesses that want to sweep idle cash into savings and transfer back to their CoT card instantly. Companies wanting instant access without opening a new bank relationship.
Not Ideal For
Businesses that don’t use Capital on Tap. Anyone wanting the highest guaranteed ongoing rate. Businesses holding other ClearBank-backed savings — Tide Instant Saver also uses ClearBank. Your combined FSCS limit across both is £120,000 total, not per provider.
Key Facts
Rate Up to 3.82% AER (variable, includes 60-day promotional rate) Access Instant — no notice period, no withdrawal limit FSCS protection £120,000 via ClearBank Who can open Existing Capital on Tap account holders only Business types UK limited companies, sole traders, partnerships Minimum deposit £1 Monthly fee None Interest paid Monthly
Capital on Tap Business Savings Account
What Is Capital on Tap Business Savings and How Does It Work?
How the Account Works
Capital on Tap is not a bank. It holds customer savings with ClearBank plc, an FCA-authorised bank. Your FSCS protection is via ClearBank’s banking licence, not Capital on Tap’s. The practical protection amount is the same (£120,000) but the underlying structure differs from a bank-issued savings account.
The savings account sits within the Capital on Tap platform. If you’re an existing customer, you open it through the app or web portal with no separate application. No CASS switch. No minimum transaction volume. No conditions. That’s the setup.
The standout feature is direct transfer to your Capital on Tap credit card balance. When your CoT card statement is due, you can move funds from savings instantly without an inter-bank transfer delay. No other savings provider on this page offers the same direct card link. That’s the differentiator.
How Deposits and Withdrawals Work
Deposits transfer from your nominated bank account. Minimum is £1. No maximum is stated — the rate applies on balances up to £1,000,000.
Withdrawals are instant — transfer to your nominated account or directly to your CoT card balance. No notice period. No withdrawal fee. No limit on frequency.
When a supplier invoice lands and your CoT card payment is due at month-end, you move funds from savings to card in the app in seconds — no inter-bank wait, no paperwork.
Because withdrawals are instant and penalty-free, there is no liquidity risk with this product. If you need the cash tomorrow, you have it.
How Interest Is Earned
Interest accrues daily and is credited monthly. AER (Annual Equivalent Rate) accounts for monthly compounding, so the stated rate is comparable across providers. The rate is variable — it can change at any time.
The promotional rate for new customers applies during the first 60 days. After that, the standard variable rate takes over. The reality is: you won’t know the post-promotional rate until you reach day 61.
Capital on Tap Business Savings Products
Available Savings Options
Capital on Tap offers one savings product: an instant-access variable-rate savings account. No fixed-term deposits. No notice accounts. One product, one access tier.
Instant access savings: up to 3.82% AER (variable). No notice period. No withdrawal limit. No minimum balance after opening. The headline rate includes a promotional element for the first 60 days.
If you need fixed-term rates — to lock a guaranteed return for 12 months — Capital on Tap doesn’t offer that. Aldermore (4.16% AER, 1-year fixed) is the right product for that use case. That’s the product gap.
Key Differences Between the Available Accounts
There is only one Capital on Tap savings product. The key distinction within the rate is promotional vs ongoing: the first 60 days earn the headline rate; after that, the standard variable rate applies.
Capital on Tap does not advertise the ongoing rate separately from the promotional rate. If you plan to hold funds for longer than 60 days, check the current ongoing rate at capitalontap.com before committing.
Which Businesses Each Option May Suit
Existing Capital on Tap users: purpose-built for you. Fast setup, no new bank relationship, and the direct card transfer feature makes managing your cash flow between billing cycles and CoT card payments simpler.
Businesses not on Capital on Tap: no rate or access advantage over providers with open eligibility. Open Allica or Aldermore savings instead.
Rates and Returns
Current Interest Rates
Rate as verified at capitalontap.com, April 2026: up to 3.82% AER (variable), including the promotional rate for new customers during the first 60 days. Variable rates change with market conditions — confirm at capitalontap.com before opening.
At 3.82% AER, a £100,000 deposit earns approximately £3,820 over 12 months before tax — assuming the rate holds for the full year. The promotional element means the effective annual return may be lower if the post-promotional rate is below 3.82%.
Fixed vs Variable Rate Structure
The Capital on Tap savings rate is entirely variable. There is no fixed-term option. The rate can change at any time with notice from Capital on Tap.
Within the variable structure, the first 60 days benefit from a promotional rate. After that, the standard variable rate applies. The headline rate is not the rate you earn over the full year unless you are a brand new customer in your first two months. That’s the reality.
How and When Interest Is Paid
Interest accrues daily and is credited monthly. Monthly crediting means you earn compound interest on reinvested funds. Confirm the payment schedule at capitalontap.com.
What Can Change the Rate
Variable rates change when the Bank of England base rate moves, when Capital on Tap reprices, or when market conditions shift. You will be notified before a rate reduction.
The promotional rate ends automatically at day 61. After that, the standard variable rate applies. Monitor the rate post-promotion if the return matters to your cash planning.
Fees and Charges
Account Fees
No account fees on the Capital on Tap savings product. No monthly maintenance fee. No setup fee. We confirmed this from capitalontap.com, April 2026. We found no hidden charges in the product terms.
Deposit and Withdrawal Fees
No fees for depositing or withdrawing funds. Transfers use Faster Payments at no charge from Capital on Tap. Your own bank may charge for outbound transfers — check your current account terms.
Transfer and Transaction Fees
No transfer fees. No transaction fees. The direct CoT card transfer is also free. No minimum or maximum transactions per month.
Other Charges to Watch
No early withdrawal penalty. No inactivity fee. We found no hidden charges in the product terms. The fee structure is straightforward.
Eligibility and Deposit Requirements
Who Can Open an Account
You must be an existing Capital on Tap account holder (Main Account Holder or Administrator role) to open a savings account. If you don’t have a Capital on Tap credit or charge product, you need to open one first. Non-CoT customers won’t qualify directly.
UK-registered limited companies, sole traders, and partnerships are accepted provided they hold a Capital on Tap account. We confirmed eligibility at capitalontap.com, April 2026.
Minimum and Maximum Deposit Limits
Minimum deposit: £1. Maximum deposit: no stated limit — the promotional rate applies on balances up to £1,000,000. Confirm at capitalontap.com before depositing a large sum.
If your business holds more than £120,000 in savings, note that Capital on Tap and Tide both use ClearBank. Your combined FSCS protection across both is £120,000 total. Move excess funds to a provider with a separate FSCS pool (Aldermore, Allica, OakNorth) to maintain full coverage.
Ineligible Business Types
Non-Capital on Tap customers are not eligible directly. Non-UK businesses are excluded. Businesses where directors are under sanctions are excluded. Verify your situation at capitalontap.com if any of these conditions apply.
Account Access and User Experience
Online Banking and App Experience
Account management is through the Capital on Tap app (iOS and Android) or the web portal at capitalontap.com. The savings account sits within the same interface as your credit products. One login covers all CoT products — no separate portal or credentials.
The app experience is more integrated than Aldermore’s web-only portal. If you already use the CoT app for credit management, savings requires no new workflow or login habit. When your VAT quarter closes and you need to move funds fast, everything is in one place.
Managing Savings and Withdrawals
To withdraw: open the app, select the savings account, initiate a transfer to your nominated bank account or to your CoT card. Instant. No notice required. No paperwork.
To deposit: transfer from your nominated bank account. Processed via Faster Payments.
How to Open an Account
If you’re an existing Capital on Tap customer: log in to the app or portal and open savings from the dashboard. No separate ID verification. Opening is typically instant.
If you’re not a Capital on Tap customer: apply for a Capital on Tap account at capitalontap.com first, subject to credit assessment. Once approved, you can open savings.
Security, Regulation and FSCS Protection
Regulation and Authorisation
Capital on Tap is authorised and regulated by the FCA as an e-money institution. It is not a bank. Confirm current FCA authorisation at register.fca.org.uk.
FSCS Protection
Deposits are FSCS-protected up to £120,000 via ClearBank plc. ClearBank is an FCA-authorised bank and holds your funds on its balance sheet. If ClearBank fails, FSCS covers up to £120,000 of eligible deposits.
The protection structure differs from Aldermore or Allica, where your protection sits under the provider’s own banking licence. The limit is the same — £120,000 — but the mechanism is different. That’s the distinction worth understanding.
Critical point on pooled FSCS: Tide Instant Saver also uses ClearBank. If you hold £60,000 with Capital on Tap savings and £60,000 with Tide savings, your ClearBank FSCS protection covers £120,000 combined — not £120,000 per provider. Both sit within the same ClearBank pool.
Safeguarding and Security Features
Capital on Tap is subject to FCA e-money safeguarding rules. Customer funds are passed to ClearBank which holds them under PRA capital requirements. Two-factor authentication is required for login. New payees require verification before the first transfer.
Customer Reviews and Reputation
What Customers Like
We reviewed Capital on Tap’s Trustpilot profile in May 2026 (4.5/5+ across all products). We found savings-specific reviews are a smaller subset of the total. Positive comments focus on fast setup for existing customers, competitive instant-access rate, and the direct card transfer feature.
Common Complaints
The recurring issue: the “up to” headline rate includes a promotional period and the post-promotional rate isn’t clearly published. We found complaints about the ongoing rate being lower than expected after 60 days. Check the current ongoing rate before committing for longer than the promotional period.
These are rate transparency issues, not product failures. Instant-access mechanics, fee structure, and FSCS protection work as described. The underlying product functions correctly.
Customer Support and Service
Support Channels and Availability
Support is available via in-app chat and through the help centre at capitalontap.com. Business hours, weekdays. We found no 24/7 support and no dedicated savings phone line.
Help Centre and Self-Service Resources
The Capital on Tap help centre covers account opening, rate queries, FSCS protection, and transfer mechanics. Documentation for savings is available but briefer than dedicated bank savings portals.
Frequently Asked Questions
Does the Capital on Tap savings rate change after 60 days?
Yes. The headline rate includes a promotional rate for new customers during the first 60 days. After that, the standard variable rate applies, which may be lower. Check the current ongoing rate at capitalontap.com before opening if you plan to hold funds longer than 60 days.
Can I open a Capital on Tap savings account without a CoT credit product?
No. You must be an existing Capital on Tap account holder (Main Account Holder or Administrator) to open the savings account. Apply for a Capital on Tap account first, then open savings.
Do Capital on Tap and Tide savings share FSCS protection?
Yes. Both use ClearBank as their underlying bank. Your FSCS protection of £120,000 is shared across all deposits with ClearBank — whether with Capital on Tap, Tide, or any other ClearBank-backed provider. Use a provider with a separate banking licence for a second £120,000 of protection.
Is Capital on Tap a bank?
No. Capital on Tap is an FCA-authorised e-money institution. Your savings are held by ClearBank plc, which is a bank. FSCS protection applies via ClearBank’s licence.
Can I transfer directly from savings to my Capital on Tap card?
Yes. The direct transfer between your Capital on Tap savings account and your Capital on Tap credit card balance is instant and free. No inter-bank delay. This is the main differentiator versus other instant-access providers.
Capital on Tap Business Savings vs Alternatives
Capital on Tap savings sits in the instant-access tier alongside Allica Bank and Tide. Here is how it compares:
Provider Rate Access FSCS Capital on Tap Up to 3.82% AER Instant ClearBank £120k Allica Bank Up to 4.08% AER Instant Allica Bank £120k Tide Instant Saver Up to 3.74% AER Instant ClearBank £120k OakNorth Earn Vault 3.85% AER Next-day OakNorth Bank £120k Aldermore 1-year fixed 4.16% AER Fixed 12 months Aldermore Bank £120k
If you don’t use Capital on Tap, Allica Bank pays more on instant access without an eligibility prerequisite. For fixed-term returns, Aldermore’s 1-year fixed at 4.16% AER is the strongest unconditional rate among the accounts we review.
Final Verdict: Is Capital on Tap Business Savings Worth It?
For existing Capital on Tap customers: yes. Up to 3.82% AER on instant access, no fees, fast setup, and direct card transfer when you need to pay your CoT balance. If you’re already on CoT, there’s no friction argument against using it.
For businesses not on Capital on Tap: no compelling reason. The rate doesn’t justify opening a credit account to access savings. Use Allica Bank (up to 4.08% AER, open eligibility, instant access) instead.
Data sources: We reviewed Capital on Tap’s savings product at capitalontap.com in April–May 2026. We verified FSCS protection against the FSCS register and FCA authorisation against the FCA register. We sourced rate data from capital_on_tap_savings.json, verified April 2026.
Verification date: Rates, eligibility, and product terms verified at capitalontap.com, April–May 2026. Variable rates may have changed since verification. Confirm all terms at capitalontap.com before opening.
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