Business savings

Great for

• You can make additional deposits at any time
• You can open and manage your account online

But be aware that

• If you've opened an easy access account you can close it at any time with no notice or penalties
• Interest is paid gross without the deduction of income tax
• The interest rate is variable. Aldermore can increase or decrease the rate for any of the reasons set out in their Business Savings Terms and Conditions

Great for

• Flexible saving. Withdraw any time. Apply online
• Eligible deposits are protected up to a total of £120,000 by the Financial Services Compensation Scheme
• *Rate includes 2.83%% AER (min balance applies) plus 0.5% boost each month when you make 15 transfers, and an extra 0.5% boost for 6 months with a CASS switch. Eligibility criteria and T&Cs apply.

But be aware that

• Your business must have been incorporated for over 1 year. You must keep a £50,000 minimum balance OR 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

Great for

• Start saving with as little as £1 with no maximum balance or annual fees
• Withdraw your funds whenever you need them with no penalty charges
• Open and manage your account online with interest paid monthly

But be aware that

• AER variable rate linked to Bank of England base rate (meaning the rate offered when you apply could be different)
• Account is operated by ClearBank
• Business categories that are not covered by the FSCS are not eligible

Great for

• Access to your business savings instantly
• Make as many withdrawals as you need without penalties
• Earn interest daily on your savings and receive it on the last business day of every month

But be aware that

• Interest rates are subject to variation
• Gross Rate is the interest rate you are paid without the deduction of UK income tax. Annual Equivalent rate (AER) is a notional rate of interest used for interest bearing accounts, which illustrates the rate if paid and compounded each year

Great for

• Access to your business savings instantly
• Make as many withdrawals as you need without penalties
• Earn interest daily on your savings and receive it on the last business day of every month

But be aware that

• Interest rates are subject to variation
• Gross Rate is the interest rate you are paid without the deduction of UK income tax. Annual Equivalent rate (AER) is a notional rate of interest used for interest bearing accounts, which illustrates the rate if paid and compounded each year

Great for

• Save from £1 up to £2 million with monthly interest – as your business grows, so can your savings
• Benefit from no fees or charges and gain instant access to your business savings when you need them
• Online application

But be aware that

• This is a standalone online account and is serviced using Online Service. This account doesn't link with the Virgin Money Business Current Account, Business Internet Banking or their mobile app
• Rates are variable. This means Virgin Money may increase or decrease interest rates at any time. When they decrease rates they’ll give you at least two months' notice before the rate reduces. Check the rate at point of application, as it may change
• For small and medium sized UK based Businesses that have fewer than 250 employees, a total balance sheet of less than £36.5m or a turnover of less than £42.5m. All owners directors, senior management and account signatories must be over 18

Great for

• Your money is protected up to a total of £120,000 by the Financial Services Compensation Scheme
• Available to UK businesses without the need to change your existing bank current account
• There are no charges for standard account services

But be aware that

• No withdrawals, transfers out or closures permitted before the maturity date
• If you do not advise Aldermore of your maturity instructions, your account will roll into another Fixed Rate Account of the same term or similar term
• Interest is paid gross without the deduction of income tax

Great for

• Apply online
• Eligible deposits are protected up to a total of £120,000 by the Financial Services Compensation Scheme

But be aware that

• You will need to nominate another UK bank account in the same business name that will be used to fund your Allica Bank savings account. Allica Bank will send your money to this account if you choose to make a withdrawal
• No withdrawals, transfers out or closures permitted before the maturity date

Great for

• Apply online
• Eligible deposits are protected up to a total of £120,000 by the Financial Services Compensation Scheme

But be aware that

• You will need to nominate another UK bank account in the same business name that will be used to fund your Allica Bank savings account. Allica Bank will send your money to this account if you choose to make a withdrawal
• No withdrawals, transfers out or closures permitted before the maturity date

Great for

• Save from £1 up to £2 million with monthly interest – as your business grows, so can your savings
• Benefit from no fees or charges and a fixed rate of interest for the duration of your savings term.
• Online application

But be aware that

• This is a standalone online account and is serviced using Online Service. This account doesn't link with the Virgin Money Business Current Account, Business Internet Banking or our mobile app
• You can't make any withdrawals or additions during the term and you can't close it early
• For small and medium sized UK based Businesses that have fewer than 250 employees, a total balance sheet of less than £36.5m or a turnover of less than £42.5m. All owners directors, senior management and account signatories must be over 18

Great for

• Apply online
• Eligible deposits are protected up to a total of £120,000 by the Financial Services Compensation Scheme

But be aware that

• You will need to nominate another UK bank account in the same business name that will be used to fund your Allica Bank savings account. Allica Bank will send your money to this account if you choose to make a withdrawal

Great for

• Apply online
• Eligible deposits are protected up to a total of £120,000 by the Financial Services Compensation Scheme

But be aware that

• You will need to nominate another UK bank account in the same business name that will be used to fund your Allica Bank savings account. Allica Bank will send your money to this account if you choose to make a withdrawal

Great for

• Interest is calculated on your daily balance and applied on the last Business Day of each month
• No minimum or maximum balances apply

But be aware that

• Interest rates are subject to variation
• Gross Rate is the interest rate you are paid without the deduction of UK income tax. Annual Equivalent rate (AER) is a notional rate of interest used for interest bearing accounts, which illustrates the rate if paid and compounded each year
• Early withdrawals from the Liquidity Manager Notice Accounts are not permitted

Great for

• Interest is calculated on your daily balance and applied on the last Business Day of each month
• No minimum or maximum balances apply

But be aware that

• Interest rates are subject to variation.
• Gross Rate is the interest rate you are paid without the deduction of UK income tax. Annual Equivalent rate (AER) is a notional rate of interest used for interest bearing accounts, which illustrates the rate if paid and compounded each year.
• Early withdrawals from the Liquidity Manager Notice Accounts are not permitted.

Great for

• You'll earn monthly interest – as your business grows, so can your savings
• Benefit from no fees or charges
• Apply online

But be aware that

• You can't change your notice period, so it's important to be sure how quickly you might need access to your money
• You cannot make withdrawals without notice
• The rate is variable and tied to the Bank of England (BoE) base rate. Interest paid on this account will change by the end of the next working day after the BoE's base rate change

Great for

• You'll earn monthly interest – as your business grows, so can your savings
• Benefit from no fees or charges
• Apply online

But be aware that

• You can't change your notice period, so it's important to be sure on how quickly you might need access to your money
• You cannot make withdrawals without notice
• The rate is variable and tied to the Bank of England (BoE) base rate. Interest paid on this account will change by the end of the next working day after the BoE's base rate change

Great for

• You'll earn monthly interest – as your business grows, so can your savings
• Benefit from no fees or charges
• Apply online

But be aware that

• You can't change your notice period, so it's important to be sure how quickly you might need access to your money
• You cannot make withdrawals without notice
• The rate is variable and tied to the Bank of England (BoE) base rate. Interest paid on this account will change by the end of the next working day after the BoE's base rate change

Great for

• You'll earn monthly interest – as your business grows, so can your savings
• Benefit from no fees or charges
• Apply online

But be aware that

• You can't change your notice period, so it's important to be sure how quickly you might need access to your money
• You cannot make withdrawals without notice
• The rate is variable and tied to the Bank of England (BoE) base rate. Interest paid on this account will change by the end of the next working day after the BoE's base rate change