Capital on Tap Savings Review (2026): Rates, Fees and Verdict

Capital on Tap Business Savings Account

Read the headline carefully: the ongoing rate is 3.23% AER (3.18% gross), and the eye-catching 3.82% AER is a 60-day welcome rate for genuinely new customers only.

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Overview Account Details Eligibility Pros & Cons Key Features

Best for: Limited companies and LLPs already using the Capital on Tap card

Watch out: The 3.82% AER is a 60-day promo for new customers only, then the rate falls to 3.23% AER, so treat 3.23% as the number that matters over a year. Limited companies and LLPs only: sole traders are not eligible. Deposits sit behind ClearBank, so if you also hold Tide savings your combined FSCS protection is £120,000 total, not per account. The rate is variable with no guaranteed floor.

Not ideal if: You are a sole trader (you cannot open it), you don’t use the Capital on Tap card, you want the highest guaranteed ongoing rate rather than a promo that expires after 60 days, or you already hold other ClearBank-backed savings and would breach the shared FSCS limit.

Standard rate3.23% AER (3.18% gross) Variable, the ongoing rate after any promo ends

New-customer rate3.82% AER First 60 days only, new customers only, then reverts to 3.23% AER

Access typeInstant access No notice period, no withdrawal penalties

FSCS protection£120,000 (ClearBank) Shared with Tide savings if held, not per account

Minimum deposit£1

Maximum balanceNo stated limit Capital on Tap advertises no overall cap

Promotional-rate tierUp to £1,000,000 3.82% promo applies up to this balance; standard rate above

Interest paidMonthly

Eligible entitiesLimited companies and LLPs only Sole traders are not eligible

Account feeNone

Direct transferYes Funds can be swept directly to your Capital on Tap credit card

Eligibility: Limited companies and LLPs operating in the UK only. Sole traders are not eligible, in Capital on Tap’s own words “you’ll need to be a Limited or LLP business operating in the UK”. Charities, trusts and PLCs are also excluded. You do not need an existing Capital on Tap card to open the account, but the 60-day 3.82% AER promo is reserved for customers who have never held a Capital on Tap product; existing card holders earn the 3.23% standard rate from day one. Minimum deposit is £1.

Direct transfers to your Capital on Tap credit card

3.23% AER standard rate is competitive for fee-free instant access

3.82% AER welcome rate for new customers in the first 60 days

FSCS-protected up to £120,000 via ClearBank

No monthly fee, no withdrawal penalties

£1 minimum deposit, monthly interest

Sole traders cannot open it, limited companies and LLPs only

The 3.82% headline is a 60-day promo, the ongoing rate is 3.23% AER

Shares the ClearBank FSCS limit with Tide Savings if you hold both

Variable rate with no guaranteed floor

Less distinctive if you don’t use a Capital on Tap card. The direct card-transfer integration is a main advantage

3.23% AER standard, up to 3.82% AER for the first 60 days (new customers only)

Instant access, withdraw anytime, no penalty

FSCS protected up to £120,000 (ClearBank)

Limited companies and LLPs only, direct transfer to your Capital on Tap card

Verified against capitalontap.com/en/legal/instant-savings-summary-box, 14 August 2026

Our Verdict on the Capital on Tap Savings Business Bank Account

Read the 3.82% AER headline as a 60-day welcome rate, not the rate you live with. After the promo, your money earns the standard 3.23% AER (variable), and that is the figure to compare against rivals.

We rate the account a useful home for surplus cash if you already run a Capital on Tap credit card. You move money straight to the card, the deposit is FSCS-protected through ClearBank, and there are no fees or withdrawal penalties to chip away at the return.

Key Pros and Cons

You get instant access, with no monthly fee and no withdrawal penalty.

What you trade is rate certainty. The standard rate is variable and tracks 0.57% (gross) below the Bank of England base rate, so it moves when the base rate does.

• 3.23% AER standard (variable), with 3.82% AER for the first 60 days for new customers.
• Instant access. No notice period and no withdrawal penalties.
• Direct transfers to a Capital on Tap credit card, useful if you hold both.
• FSCS-protected to £120,000 via ClearBank, with a £1 minimum and no monthly fee.
• Interest accrues daily and is paid monthly.

• The 3.82% AER is a 60-day promo for genuinely new customers only.
• Limited companies and LLPs only. Sole traders can’t open it.
• Shared FSCS limit with Tide Savings, because both sit behind ClearBank.
• Variable rate with no guaranteed floor once the promo ends.

Weigh those against each other and it makes more sense for businesses that prioritise easy access and no fees than for those chasing the highest rate. If the top instant-access rate is what you want, you’ll find it elsewhere.

Who Capital on Tap Savings Is Best For

You’ll get the most from this account if you’re a limited company already using the Capital on Tap card. You can move idle cash straight onto the card in seconds, which frees up credit when you need it.

It suits cash that doubles as a working-capital reserve: you sweep spare balance in to earn 3.23% AER, then pull it back the same day when a supplier invoice lands.

Look elsewhere if you’re a sole trader, because you can’t open it, or if you want a rate fixed for a term. A fixed-rate bond, or a higher unconditional instant-access rate, may serve you better.

Capital on Tap Savings Account Eligibility and Application

Who Can Open a Capital on Tap Savings Account

You can open the account if your business is a UK limited company or an LLP. Sole traders aren’t eligible, and nor are charities, trusts or PLCs. There is no minimum-turnover requirement for the savings account. The £24,000-or-so turnover figure you may have seen belongs to Capital on Tap’s credit card, not this account.

That rules out firms Tide Savings would accept. Check your structure before you move a VAT reserve across.

You don’t need an existing Capital on Tap card to open the savings account, but watch the promo rule. The 60-day 3.82% rate is reserved for customers who have never held a Capital on Tap product, so existing card holders earn the 3.23% standard rate from day one.

What You Need to Apply

Application is online, and you’ll need your company registration details plus identity and address verification for the directors and significant shareholders. Capital on Tap carries out identity and business verification, and ClearBank, as the deposit-taking bank, may run additional onboarding checks.

If you already hold the Capital on Tap card, much of your information is on file. Fund the account with as little as £1 to open it, then move your working balance across once it’s live.

Expect standard identity and company verification rather than a turnover test. There’s no minimum deposit hurdle to clear and no waiting on a relationship manager.

Capital on Tap Savings Account Fees and Pricing

Monthly Fees and Plan Options

You pay no monthly fee and there are no account tiers to choose between. It’s a single instant-access product. The only thing that changes is the rate, so the “pricing” of this account is really its interest structure.

New customers earn 3.82% AER for 60 days, built from the 3.23% standard rate plus a 0.59% bonus. When the bonus drops off, you’re on 3.23% AER (variable). Plan your return around the standard rate, not the welcome number.

Transaction Fees and Charges

This account carries no transaction fees or withdrawal penalties, which is how an instant-access savings product should work. Moving money in and out costs nothing, however often you need to.

There’s no charge for transferring to your Capital on Tap credit card either. The rate is the only variable that affects what you keep, so a fee-free structure matters here.

Capital on Tap Savings Features and Business Banking Tools

Invoicing and Expense Management

There is no invoicing or expense management here. If you need to raise invoices or track spend, that stays with your main bank or your accounting software.

What you get is a simple place to hold cash and watch it earn. Interest accrues daily and is paid monthly, so the balance builds without you managing anything.

If you need spend controls or receipt capture, pair this account with a current account or a card, and keep the two jobs separate.

Integrations and Accounting Software

Treat this as a standalone account rather than a hub that plugs into Xero or QuickBooks. It offers no accounting integrations. The deposit sits with ClearBank and you manage it through Capital on Tap’s app and web portal.

The one integration is internal: the link to a Capital on Tap credit card. Run both and your savings and card sit in one login, so you can move money between them instantly.

You do not need to move your day-to-day banking or accounting software. The account simply gives you somewhere separate to earn interest on cash you are not using.

Capital on Tap Savings Card Usage and Payments

Spending, Transfers and Limits

This account has no spending card, and you shouldn’t expect one: it’s a savings pot, so money moves by transfer. You pay in from your nominated business account and withdraw back to it whenever you need the cash.

You can withdraw instantly with no notice period, and payments usually clear within about three hours. You can also transfer directly to a Capital on Tap credit card, repaying or funding the card straight from savings.

Because there is no notice period, savings that double as a working-capital reserve stay available the same day you need them. The promotional rate applies on balances up to £1,000,000; the standard rate applies above that, and Capital on Tap advertises no overall maximum balance.

Overseas Payments and FX Fees

This account makes no overseas payments, and there are no FX fees to weigh because it doesn’t handle foreign currency. It is a sterling-only savings product.

If you settle foreign-currency invoices, keep a dedicated multi-currency account such as Wise or Revolut alongside it and use this account only to earn interest on spare sterling.

Three operational limits worth knowing. It only accepts Faster Payments, which carry a £1,000,000-per-payment scheme limit on money in and out; cash and cheque deposits are not supported.

The nominated account for transfers in and out must be a UK pound sterling current account held solely in the business’s legal name. Joint, personal, trustee and charity representative accounts are excluded.

This is a savings account, not a current account. It cannot receive wages, salaries, benefits or pension payments. Keep payroll and standing orders running through a separate transactional account.

Capital on Tap Savings Customer Reviews and Ratings

Read the headline score with care, because it isn’t really about the savings account. Capital on Tap holds 4.6 out of 5 on Trustpilot from 18,388 reviews when we checked on 14 August 2026. That is an excellent rating, but it is company-wide and earned mostly by its credit-card customers, not this savings account.

There is not enough savings-specific feedback yet for us to give the account its own customer-review verdict. The 4.6 rating is useful background on Capital on Tap as a company, but we would not read it as a 4.6 out of 5 for this savings account.

Alternatives to Capital on Tap Business Savings

Capital on Tap’s standard rate of 3.23% AER is competitive for the easy-access category, but it isn’t the highest available. If the standard rate is the deciding factor, several alternatives are worth comparing.

Shawbrook Bank Easy Access Business Account pays 3.86% AER (variable), one of the strongest easy-access rates on our comparison page. The £1,000 minimum and £500,000 maximum mean it suits mid-sized cash reserves rather than very small or very large balances. Next-working-day access only.

Allica Bank pays 2.80% AER on its standalone easy-access savings account. Its eye-catching “up to 4.08% AER” is a Rewards Pot on the separate Business Rewards current account, a lower base rate topped up with performance and welcome bonuses, and gated behind that account’s own conditions, not a like-for-like easy-access saver.

Cynergy Bank Business Saver pays 3.90% AER (variable), with a £10,000 minimum and no cap below £10 million. The closest direct comparison to Capital on Tap’s standard rate, and a higher return if you can meet the £10,000 opening deposit.

Tide Instant Savings sits behind the same ClearBank infrastructure as Capital on Tap. Its rate is plan-dependent, from 2.00% AER on the Free plan to 3.25% on Max, with a 3.75% AER intro bonus for new members’ first four months. Because both use ClearBank, holding Tide and Capital on Tap savings means your £120,000 FSCS allowance is shared, not doubled. Worth noting before opening both.

If you can commit funds for a year or more, a fixed-rate bond typically pays 1–2 percentage points above the best easy-access rates. See our compare business bonds page for current rates.

Final Verdict

Capital on Tap’s Instant Savings account fits a specific audience: UK limited companies and LLPs that already use Capital on Tap’s credit card, or want a straightforward savings account with no lock-in and no minimum deposit. The 3.82% AER introductory rate is a clear draw for new customers, and Capital on Tap reports the account reached £1 billion in deposits within 12 months of launch.

The important comparison is the rate after the 60-day bonus ends. After 60 days, the standard 3.23% AER trails the best unconditional easy-access rates. Cynergy pays 3.90% (from a £10,000 deposit) and Shawbrook 3.86%. Allica advertises up to 4.08%, but only as a conditional Rewards Pot on its current account; its standalone saver pays 2.80%. If earning the highest available rate is the priority, Capital on Tap is not the answer. But if you value the simplicity of an account that works with no conditions or minimum deposit, the rate differential on typical SME cash reserves is modest.

Watch the ClearBank FSCS limit. If you already hold Tide savings, your combined protection across both accounts is capped at £120,000, not £240,000. As a worked example: £70,000 here plus £70,000 in Tide savings is £140,000 sitting behind one bank, ClearBank, and only £120,000 of it is protected. The extra £20,000 is not. Spread deposits across separate banking licences (Shawbrook and Cynergy each use their own) rather than relying on a single ClearBank-backed pool.

Our pick: Use Capital on Tap savings if you want a no-minimum, easy-access account, and especially if the 60-day introductory rate applies to you. If the standard rate is what you’ll be earning long-term and maximising that rate matters, Cynergy or Shawbrook are stronger alternatives.

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