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: 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 balanceUp to £1,000,000 Rate applies up to this balance

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.

Not ideal if: 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.

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.

Direct sweep to your Capital on Tap credit card, a genuine differentiator for card users

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 fees, no withdrawal limits

£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

Little reason to open without an existing Capital on Tap credit product

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, July 2026

Our Verdict on the Capital on Tap Savings Business Bank Account

You should 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’s the figure to compare against rivals.

We rate the account a genuinely 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 and a genuinely clean fee structure here. No monthly fee, no withdrawal penalty, nothing to erode the return.

What you trade is rate certainty. The standard rate is variable and tracks 0.57% 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 the account earns its place as a no-friction home for spare cash, not as your highest-yield option. If you want the top instant-access rate, you’ll find it elsewhere; if you want simple, safe and fee-free, this delivers.

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. The direct transfer turns idle balance into available credit headroom in seconds.

Say you run a 10-person agency with £60,000 of retained profit doing nothing in your current account. You sweep it here, earn 3.23% AER, and pull it back the same afternoon when a supplier invoice lands. That’s the real use case.

You should 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 elsewhere may serve you better. That’s the trade-off with a variable promo rate.

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 with a minimum annual turnover of around £24,000–£25,000. Sole traders aren’t eligible, and nor are charities, trusts or PLCs.

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 runs the standard KYC checks any deposit-taker has to.

We’d expect a faster path than a traditional bank if you already hold the card, because 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.

Have your latest turnover figure to hand if you’re asked, though for a straightforward limited company the checks are light. 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. That’s the real cost of the headline.

Transaction Fees and Charges

You won’t pay transaction fees or withdrawal penalties on this account, which is how an instant-access savings product should work. Moving money in and out costs nothing, however often you sweep cash before a VAT bill or a payroll run.

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 clean, fee-free structure genuinely matters here. No hidden drag on the return.

Capital on Tap Savings Features and Business Banking Tools

Invoicing and Expense Management

You won’t find invoicing or expense management here, because this is a savings pot, not a current account. We flag that plainly: if you need to raise invoices or track spend, that lives with your main bank or your accounting software, not with this product.

What you do get is a simple place to hold cash and watch it earn. Interest accrues daily and is paid monthly, so you can see the balance build without managing anything. That’s the whole job it’s designed to do.

If you need spend controls or receipt capture, pair this pot with a current account or a card. We’d keep the two jobs separate — one account runs the business, this one earns on the cash.

Integrations and Accounting Software

You should treat this as a standalone account rather than a hub that plugs into Xero or QuickBooks — it doesn’t offer accounting integrations. The deposit sits with ClearBank and you manage it through Capital on Tap’s app and web portal.

You get one real integration, and it’s internal: the link to a Capital on Tap credit card. Run both and your savings and your card sit in one login, so you can shift money between them instantly. That’s the genuine differentiator, not a software ecosystem.

Treat it as a yield layer on top of your existing stack. Your bookkeeping stays put; this just earns interest on the idle cash.

If you’re also considering the Capital on Tap business credit card, a few things to know. The card comes with unlimited free supplementary employee cards and up to 42 days interest-free on purchases when you clear the full balance monthly.

A personal guarantee from a director is typically required: the director assumes personal liability for the debt if the business can’t repay. We verified this against Capital on Tap’s own published guidance.

The card also won’t work for certain merchant categories. Gambling, securities brokerage, fines, wire transfers and foreign currency purchases are all blocked. These are credit-card-specific restrictions and do not affect the savings account.

Capital on Tap Savings Card Usage and Payments

Spending, Transfers and Limits

You don’t get a spending card with this account, 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. The standout move is the direct transfer to a Capital on Tap credit card, which lets you repay or fund the card straight from savings — useful headroom when a bill lands.

When a supplier invoice arrives on a Friday afternoon, you pull the funds back the same day rather than waiting on a notice window. Both rates apply on balances up to £1,000,000.

Overseas Payments and FX Fees

You can’t make overseas payments from this account, and there are no FX fees to weigh because it doesn’t handle foreign currency. It’s a sterling-only savings product, full stop.

If you settle foreign-currency invoices, keep a dedicated multi-currency account such as Wise or Revolut alongside it and use this purely to earn interest on spare sterling. Right tool for one job. Not the same as a currency account.

Three operational limits worth knowing. It only accepts Faster Payments; 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

You should read the headline score with care, because it isn’t really about the savings account. Capital on Tap holds 4.7 out of 5 on Trustpilot from more than 18,000 reviews when we checked in June 2026 — an excellent rating, but earned mostly by its credit-card customers.

You won’t find much savings-specific feedback yet, because the product is new. We’d treat the card reputation as a fair proxy for service and app quality. That’s the honest read on the numbers.

What the reviews tell you matters here. When your month-end payroll run has to clear, you want the app and support to hold up — and the underlying operation is well regarded. That track record counts for a savings account built on fast, safe transfers.

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 4.36% AER (variable) — the highest easy-access rate on our comparison page at the time of our last review. The £1,000 minimum and £120,000 maximum mean it suits mid-sized cash reserves rather than very small or very large balances. Next-working-day access only.

Allica Bank Instant Access Savings Pot pays up to 4.08% AER, though the headline requires 15 outbound transfers a month and a CASS switch to earn in full. Accepts up to £5 million and gives instant access. A strong option if you can meet the qualifying conditions.

Cynergy Bank Business Saver pays 4.00% AER from just £1, with no conditions, no cap below £10 million, and genuine easy access. The simplest direct comparison to Capital on Tap’s standard rate, with a significantly higher return.

Tide Instant Savings sits behind the same ClearBank infrastructure as Capital on Tap, at 3.04% AER. If you hold both Tide and Capital on Tap savings, your £120,000 FSCS allowance is shared — not doubled. Worth noting before opening both accounts.

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 is a well-executed product for 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 genuine draw for new customers, and the account reached £1 billion in deposits within 12 months — evidence of strong uptake.

The rate argument is honest. After 60 days, the standard 3.23% AER is below Cynergy (4.00%), Allica (up to 4.08%), and Shawbrook (4.36%). 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, no transfer hoops, and no minimum, 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. Businesses with more than £120,000 in spare cash should spread deposits across institutions rather than relying on a single ClearBank-backed pool.

Our pick: Use Capital on Tap savings if you want a clean, 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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