Running a successful business often means having surplus funds sitting idle in your account, earning little to no interest. But what if you could grow that money effortlessly? Enter business savings accounts—a smart way to earn interest on your surplus revenue while keeping your funds accessible or locked away, depending on your needs.
In 2025, the market is brimming with options tailored to small businesses, from easy access accounts for liquidity to fixed-term accounts for higher returns. Whether you’re a sole trader, a limited company, or a growing enterprise, there’s a savings account designed to help you maximise your earnings.
In this guide, we’ve ranked the 8 best business savings accounts for 2025, focusing on interest rates, flexibility, and eligibility criteria to help you find the perfect fit. From low minimum deposits to high maximum limits, these accounts cater to businesses of all sizes and goals. Let’s dive in and explore how you can make your money work harder for your business.
The 8 best savings account providers for small businesses
Tide
Account Type: Easy Access
Interest Rates: 3.81% AER (introductory), reverts to 3.04% after June 2025
Deposit Limits: £1 minimum, no maximum (no interest on balances above £75,000)
Eligibility: UK businesses, no Tide current account required
Tide’s easy access account is perfect for small businesses seeking flexibility and low barriers to entry. With a £1 minimum deposit and no withdrawal restrictions, it’s ideal for businesses that need quick access to funds. The introductory rate of 3.81% AER is one of the most competitive for easy access accounts, making it a top choice for small businesses.
Shawbrook Bank
Account Types: Easy Access, Notice, Fixed Term
Interest Rates: Up to 4.56% AER (Fixed Term)
Deposit Limits: £1,000 minimum, £2m maximum
Eligibility: UK residents, sole traders, and LTD companies.
Shawbrook offers a wide range of account types, catering to businesses with varying needs. Their easy access account provides a strong 4.20% AER, while their fixed-term accounts offer rates up to 4.56% AER. The flexibility and competitive rates make Shawbrook a standout choice for small businesses looking to grow their savings.
JN Bank
Account Types: Easy Access, Fixed Term
Interest Rates: 3.76% AER (Easy Access), 4.40%-4.80% AER (Fixed Term)
Deposit Limits: £1 minimum, £500,000 maximum
Eligibility: UK residents with a UK bank account.
JN Bank is a great option for small businesses due to its low minimum deposit of just £1 and competitive fixed-term rates of up to 4.80% AER. Its easy access account also offers flexibility with no withdrawal limits, making it a versatile choice for businesses of all sizes.
Cynergy Bank
Account Types: Easy Access, Notice (95-180 days)
Interest Rates: Up to 4.60% AER (Notice)
Deposit Limits: £1 minimum, £10m maximum
Eligibility: UK businesses, sole traders, partnerships, and LTD companies
Cynergy Bank stands out for its high maximum deposit limit of £10m and competitive notice account rates of up to 4.60% AER. The ability to grant up to 10 team members account access is a unique feature, making it a great option for businesses with collaborative financial management needs.
Hampshire Trust Bank
Account Types: Easy Access, Notice (95-day), Fixed Term
Interest Rates: Up to 4.55% AER (Fixed Term)
Deposit Limits: £5,000 minimum, £750,000 maximum
Eligibility: UK residents and businesses
Hampshire Trust Bank offers a solid range of accounts, including a 95-day notice account and fixed-term options. Its easy access account provides a competitive 4.10% AER, and businesses can open multiple accounts with a combined balance cap of £1m, offering flexibility for larger deposits.
Allica Bank
Account Type: Easy Access, Notice, Fixed Term
Interest Rates: Up to 4.70% AER (with conditions)
Deposit Limits: £20,000 minimum, £2m maximum
Eligibility: UK businesses with an Allica Business Rewards Account
Allica Bank’s easy access account offers one of the highest variable AERs at 4.83%, though this rate is contingent on meeting specific conditions. The high maximum deposit limit of £2m makes it a strong option for businesses with significant surplus funds, but the £20,000 minimum deposit may be a barrier for smaller businesses.
United Trust Bank
Account Types: Notice (40-200 days), Fixed Term Bonds
Interest Rates: Up to 4.76% AER (Notice), Up to 4.60% AER (Fixed Term)
Deposit Limits: £5,000 minimum, £5m maximum
Eligibility: UK businesses registered with Companies House
United Trust Bank specialises in notice and fixed-term bonds, offering some of the highest interest rates in the market. Its 200-day notice account provides up to 4.76% AER, and their fixed-term bonds are ideal for businesses looking to lock away funds for 3 months to 5 years. However, the lack of an easy access account may limit flexibility for some businesses.
Akoni
Account Types: Easy Access, Notice, Fixed Term
Interest Rates: Varied
Deposit Limits: Varied
Eligibility: Varied
Akoni doesn’t offer its own accounts, but instead allows you to spread your savings across multiple FSCS-protected, high interest accounts from over 20 banks. Using its intuitive cash management platform, you can view your deposits and move your funds whenever you spot a better rate.
FAQs
1. What is the difference between easy access, notice, and fixed-term business savings accounts?
- Easy Access Accounts: Allow you to withdraw funds at any time, making them ideal for businesses that need liquidity. However, interest rates are typically lower.
- Notice Accounts: Require you to give advance notice (e.g., 30, 90, or 180 days) before withdrawing funds. These accounts offer higher interest rates than easy access accounts.
- Fixed-Term Accounts: Lock your funds for a set period (e.g., 1-5 years) in exchange for the highest interest rates. Withdrawals are not allowed until the term ends.
2. How is interest calculated on a business savings account?
Interest is usually calculated daily and paid either monthly or annually, depending on the account. For example, if you deposit £10,000 in an account with a 2.53% AER, your balance would grow to £10,253 after one year. Keep in mind that interest earned is considered taxable income.
3. Are there any tax implications for business savings accounts?
Yes, interest earned on business savings accounts is taxable. If you’re a limited company, you’ll pay corporation tax on the interest. If you’re a sole trader, you’ll pay income tax on any interest above your tax-free allowance.
4. What should I consider when choosing a business savings account?
When selecting an account, consider:
- Your Goals: Do you need quick access to funds, or are you happy to lock them away for higher returns?
- Deposit Limits: Check the minimum and maximum deposit requirements to ensure they align with your business’s cash flow.
- Interest Rates: Compare rates, but also look beyond introductory offers to long-term rates.
- Eligibility: Ensure your business type (e.g., sole trader, LTD company) qualifies for the account.
5. Which business savings account is best for small businesses?
The best account depends on your needs, but Tide and Shawbrook Bank are excellent options for small businesses. Tide offers a low minimum deposit of £1 and a competitive introductory rate of 4.07% AER, while Shawbrook provides a range of account types with strong interest rates, including easy access and fixed-term options.
