Best business savings account

best business savings account

Best business savings account - U.K. 


As a small business owner in the UK, you know that every penny counts. That's why it's so important to find a business savings account with a competitive interest rate. With so many banks and building societies to choose from, it can be difficult to know where to start. But don't worry—we've got you covered.

Here are three of the best available today.

Note, these rates are correct at the time of writing but are subject to change as general interest rates change (Nov 2022) 


1. HSBC

The best business instant access savings account in the UK is the HSBC Business Instant Access Savings Account. This account offers an interest rate of 0.53% AER, with no minimum balance required and no monthly fees.


2. Nationwide

The Nationwide offers a competitive interest rate of 0.35% AER with no minimum balance required. This account is ideal for businesses that need to be able to access their funds at any time, as there are no withdrawal restrictions. Additionally, the account comes with a free mobile app and online banking platform, making it easy to manage your finances on the go


3. Barclays

The third in the UK is the Barclays Business Instant Access Savings Account. This account offers a competitive interest rate of 0.25% AER, with no minimum balance required and no monthly fees.


4. Santander

The fourth best business instant access savings account in the UK is the Santander Business Instant Access Savings Account, Everyday Saver. This account offers an interest rate of 0.20% AER, with no minimum balance required and no monthly fees


5. Lloyds

The fifth best is the Lloyds Bank Business Instant Access. This account offers an interest rate of 0.15% AER, with no minimum balance required and no monthly fees.


Of course when considering a banking partner, interest rate is not the only thing to consider, and you should do your own research to see which bank might be right for you and your business. 


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About the Author

Annette Ferguson 

Owner of Annette & Co. - Chartered Accountants & Certified Profit First Professionals. Helping online service-based entrepreneurs find clarity in their numbers, increase wealth and have more money in their pockets.

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