Business Savings Accounts

A business saving account, also known as a deposit account, is ideal if you have a large cash surplus resting in your current account. A business savings account will provide a higher interest rate than a standard current account. This money can then used for a range of different purposes: a reserve fund in case of emergencies or to expand your business perhaps?

For whatever the saving reason, you want to make sure your hard earned money is working as hard as it can for you. If your money is beginning to accumulate in your current account, opening a business savings account can stop your money languishing at a low interest rate.

Depending on the type of business saving account you open, you may be allowed instance access to your money, or you may be required to give a notice period. It's important to think about how much access your business will require before opening an account. In some instances, you may forfeit a certain amount of interest if you fail to give a notice savings account the adequate amount of notice required to withdraw your money. However, a notice business savings account may give you a higher interest rate than a no notice or instant access account.

Compare Savings Accounts

Current Accounts Savings Accounts Fixed Rate Bonds Cash ISAs

 

The products contained in this table are a sample of those that were available at the time of publishing. The table does not include all of the products available and those seleted are not necessarily a representative sample of the whole market. Furthermore they do not constitute either the cheapest or most suitable products available and we recommend that you seek independent financial advice before making any changes to your financial affairs.

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