Compare Easy Access Business Savings Accounts

Easy access business savings accounts pay less than fixed-rate bonds, but they let you reach your money the same day you need it. The gap between the best easy access rate and the best fixed bond is typically 0.5 to 1 percentage point.

That spread is the trade-off you are weighing. We rate easy access as the right home for cash you might genuinely need at short notice. Money you can leave untouched belongs in a bond, where it earns more.

On the rates we checked, Shawbrook’s 4.36% led the field. The catch is its £1,000 minimum, which rules out the smallest balances.

>>Read our main article on the Best Business Savings Accounts

Business Easy Access Savings

Tide Instant Acess Savings Account

• Cashback: New customers can get £100 cashback when they open a Tide Savings Account.
• Interest Rate: 3.04% AER (variable), influenced by the Bank of England Base Rate and Tide’s margin. New Tide Customers who open an account will also enjoy a 0.77% interest rate boost until 1st June 2025, increasing your rate to 3.81%.
• Access: Unlimited withdrawals without fees or penalties, ensuring immediate access to funds.
• Minimum Balance: Open an account with just £1; no specified maximum balance limit.
• Fees: No monthly maintenance or transaction fees on withdrawals.
• Benefits: Easy setup and management via the Tide app, with FSCS protection up to £120,000.
• Eligibility: UK residents aged 18+ with an active Tide Business Account. Suitable for sole traders and limited companies.
• Application: Open a Tide account, download the app, tap on Instant Saver Account, and deposit a minimum of £1 to begin.
• FSCS Protection: Savings are safeguarded up to £120,000, covering the total deposits you hold with ClearBank (FSCS limit increased to £120,000 on 1 December 2025).

Allica Bank Instant Access Savings Pot

• Interest Rate: Up to 4.08% AER (variable)*, calculated daily and paid monthly.
• Access: Attached to the Allica Business Rewards Account. Withdraw funds anytime without penalties into your linked Business Rewards Account.
• Minimum and Maximum Balance: Invest between £1 and £5,000,000, suitable for businesses looking to save significant amounts without incurring fees.
• Fees: No fees for using this savings pot, making it cost-effective for businesses.
• Benefits: FSCS protection up to £120,000, online application without unnecessary paperwork.
• Eligibility: Must be an Allica Bank Business Rewards Account holder and a UK-based business registered with Companies House. All controlling persons and significant owners must reside in the UK and be over 18 years old. You must have a minimum balance of £50,000 or more in your Business Rewards account or must have a loan product with Allica. Businesses keeping less than £50,000 in their account will earn a reduced rate of interest and may incur fees
• Application: Entirely online through the Allica Bank app or online banking service, requiring access to a mobile phone and internet. A straightforward process asking for basic details about your business and its significant owners or controllers.
• FSCS Protection: Covered by the FSCS to the £120,000 limit if the bank fails.

*Rate includes standard rate of 3.08% AER (minimum balance applies) plus a 0.5% boost each month if you make 15 bank transfers out of the account in the previous month, and a 0.5% boost for six months if you complete a switch with CASS. Eligibility criteria and T&Cs apply.

Cynergy Bank Business Saver

• Interest Rate: Earn 4.00% AER (variable), paid monthly at 3.93% gross per annum, providing a competitive return on business savings.
• Access: Offers easy access to your funds whenever needed, with quick account opening and the ability to save from £1 to £10,000,000.
• Minimum and Maximum Balance: A broad range allows deposits from £1 up to £10 million, catering to businesses of all sizes without fees.
• Fees: No charges for account management or withdrawals, ensuring cost-effective saving.
• Benefits: Quick and easy online application process, suitable for a wide range of business entities including sole traders, partnerships, and limited companies. Enhanced security with the use of an authentication app or device for online banking access.
• Eligibility: UK-based businesses that are registered with Companies House and have a UK business current account. Applies to businesses with up to 10 partners/directors/shareholders.
• Application: Can be completed online in as little as 10 minutes. Requires a mobile phone number and email address for all signatories, details of a UK business current account for nominated transactions, and the Unique Taxpayer Reference number.
• FSCS Protection: FSCS cover caps at £120,000.

Newcastle Building Society Online Business Saver

• Interest Rate: 3.60% Gross PA/AER for both monthly and annual interest options. The rate is variable, allowing adjustments over the account’s lifetime.
• Access: Penalty-free withdrawals without notice, offering flexible access to your business funds whenever needed.
• Minimum and Maximum Balance: Open with just £1 and invest up to £1 million, catering to both small and substantial saving needs.
• Fees: Interest is paid gross, meaning no tax is deducted at the source. It’s your responsibility to manage any tax obligations.
• Benefits: Designed for short and long-term business savings, the account can be managed online or via telephone for convenience.
• Eligibility: Available to UK-registered Limited Companies and Limited Liability Partnerships classified as micro, small, or medium enterprises (SMEs) with up to 250 employees and not exceeding a total balance sheet of £36.5m or an annual turnover of £42.5m.
• Application: The process is entirely online, ensuring a swift and straightforward application. The account opener must be an owner, partner, designated member, or director of the company to comply with money laundering regulations.
• FSCS Protection: Eligible for FSCS deposit protection at the £120,000 limit.

Aldermore Easy Access Business Account

• Interest Rate: 3.50% AER, variable. This competitive rate ensures your savings grow consistently, with the flexibility to adjust to market changes.
• Access: Offers unlimited, penalty-free withdrawals, providing immediate access to funds as needed without impacting your interest accumulation.
• Minimum and Maximum Balance: Requires a minimum opening balance of £1,000, suitable for businesses looking to start saving with a moderate amount. The details regarding the maximum balance were not specified.
• Fees: Interest is paid gross, indicating no tax is automatically deducted. Businesses are responsible for their tax obligations, ensuring straightforward earnings management.
• Benefits: Notable for its flexibility, allowing additions or withdrawals at any time. Recognised with awards from Moneynet and Savings Champion in 2022, and highly rated by customers on Trustpilot for its ease of use and competitive interest rates.
• Eligibility: Tailored for businesses that prefer not to lock away their funds and seek the flexibility to add or withdraw money at any time while earning a competitive interest rate.
• Application: Fast online application, available 24/7 to fit around a busy schedule.
• FSCS Protection: FSCS-secured to the standard £120,000 limit per institution.

Recognise Bank Business Easy Access Account

• Interest Rate: 3.15% AER/Gross annually, ensuring a competitive return on your business savings with the interest also payable at 3.11% Gross monthly, providing flexibility in how you receive your interest.
• Access: Offers total freedom to move money in and out of your account, ensuring you have access to your funds whenever necessary without facing penalties.
• Minimum and Maximum Balance: The account requires a minimum balance of £1,000 to open, and you can save up to £250,000, catering to a wide range of business saving goals.
• Fees: Recognise Bank does not charge any fees for opening or maintaining the account, allowing businesses to save without worry about diminishing their savings with charges. Interest is paid into your nominated UK bank account or Business savings account monthly or annually.
• Benefits: Fast and simple setup with the ability to manage your savings online anytime, anywhere. The account is FSCS protected and comes highly recommended by customers on Trustpilot.
• Eligibility: Open to businesses registered with Companies House that have a UK business bank account, employ fewer than 250 people, and have less than £36.5 million in assets or less than £42.5 million in turnover. Currently, only LLPs and Limited Companies can deposit over £85,000.
• Application: The account opening process is straightforward and can be completed online in minutes, providing businesses with a quick way to start earning interest on their surplus cash.
• FSCS Protection: FSCS protection applies to the first £120,000 you hold.

Virgin Money Business Access Savings Account Issue 33

• Interest Rate: 3.55% AER (variable), with a gross rate of 3.49% per annum. Monthly interest payments are made on the 10th of each month.
• Access: Unlimited withdrawals via electronic transfer to the nominated business account, with no fees or penalties, ensuring immediate access to funds.
• Minimum Balance: Open an account with just £1; no specified maximum balance limit, but the maximum deposit limit is £2,000,000.
• Fees: No monthly maintenance or transaction fees on withdrawals.
• Benefits: Easy setup and management online, suitable for micro, small, or medium enterprises (SMEs) registered in the UK. Interest is paid without tax deduction, and monthly transaction notifications are available via email.
• Eligibility: UK-registered SMEs. The account is designed for businesses looking for a straightforward savings solution with easy online access.
• Application: Apply online with a minimum deposit of £1 to start. Additional deposits and the operating balance are also set at a minimum of £1.
• FSCS Protection: FSCS cover of £120,000 per business.

Dudley BS Business Saver Issue 2

• Interest Rate: 3.75% AER (variable) for balances over £1,000, with annual interest paid on the 31st March. The AER indicates what the interest rate would be if interest was compounded yearly.
• Access: Instant access withdrawals allowed, providing flexibility to access funds without restrictions.
• Minimum Balance: Requires a minimum of £1,000 to open and operate the account.
• Fees: No explicit mention of monthly maintenance or transaction fees, suggesting cost-effective account management.
• Benefits: Offers a competitive interest rate for business savings and supports a substantial maximum balance limit.
• Eligibility: Designed for Corporate Bodies, including entities registered with Companies House and identified by designations such as ‘Ltd’, ‘Plc’, or ‘Incorporated’.
• Application: Account opening available at branches or via post, with operational instructions needed in person or in writing.
• FSCS Protection: Not explicitly mentioned, but as a regulated financial institution, funds may be protected up to a certain limit by the Financial Services Compensation Scheme.

Oxbury Bank Farm Business Easy Access Issue 1

• Interest Rate: 3.66% AER (variable), offering competitive returns on savings.
• Access: Same working day access to funds, subject to a 1.00 pm cut-off time, ensuring swift availability of your money.
• Minimum Balance: Minimum deposit of £1,000 required to open an account, with a maximum deposit limit of £500,000.
• Fees: Not specified, but typically, savings accounts may not have monthly maintenance or transaction fees.
• Benefits: Tailored for the agricultural sector, with easy access to funds. FSCS protection up to £120,000 ensures the safety of your deposits.
• Eligibility: Open to active farmers with a valid CPH or SBI number, confirming engagement in farming activities.
• Application: Apply online with a minimum deposit of £1,000 to start. The process is built around farm businesses.
• FSCS Protection: FSCS-protected, with cover capping at £120,000.

Shawbrook Bank Easy Access Business Account – Issue 11

• Interest Rate: 4.36% AER (variable), with options for monthly interest at a gross rate of 4.28% or annual interest at a gross rate of 4.36%.
• Access: Next working day access to funds, ensuring swift availability with withdrawals permitted before 9:30pm.
• Minimum Balance: Open an account with as little as £1,000, providing an accessible entry point for businesses.
• Maximum Balance: Save up to £120,000, with the account catering to small to medium-sized business needs.
• Fees: Not explicitly mentioned, indicating no significant fees for account management or withdrawals, provided the withdrawal amount is at least £500.
• Benefits: Unlimited withdrawals and a low opening balance requirement offer flexibility and convenience. The account is suitable for sole traders, limited companies, and partnerships (excluding LLPs).
• Eligibility: Available to sole traders, limited companies (limited by shares), and partnerships (excluding LLPs), with restrictions on the number of shareholders and signatories.
• Application: The account can be opened online, with a simple application process. Management of the account is available online or by phone.
• FSCS Protection: Deposits are protected up to £120,000 per person under the Financial Services Compensation Scheme, doubling protection for joint accounts to £240,000.

Business Easy Access Accounts Explained

What is an Easy Access business savings account?

An easy access business savings account lets you deposit and withdraw without restriction. There is no lock-in and no exit penalty. Need the money tomorrow? You can have it.

The trade-off is rate. These accounts pay less than fixed bonds because the bank cannot count on the deposit staying put, so it prices that flexibility into a thinner margin. We think that is a fair price for liquidity, but only if you would actually use it.

The rate is variable and tracks the Bank of England base rate. When rates rise, that works in your favour; when they fall, your return falls with them. Most providers move within a few weeks of a base rate decision.

Opening balances are usually low, with many accounts starting from £1. A few of the higher payers set the bar at £1,000 or more. Business accounts get no FSCS joint-account doubling, so each business is protected to £120,000 per banking group.

What’s the Highest Interest Rate Available on an Easy Access Business Savings Account?

When we last reviewed this page, Shawbrook’s Easy Access Business Account paid one of the highest rates on the market at 4.36% AER. Rates move constantly. Always check the live rate with the provider before you apply.

This is not the account for every business. The catch is the £1,000 minimum, which shuts out smaller balances. FSCS cover also stops at £120,000, so for larger sums we would split deposits across two banking groups.

Easy Access Business Savings FAQs