Why not deposit these surplus funds right into a devoted enterprise financial savings account? That method you’ll be able to develop your income even additional with out expending any further effort.
There are a number of forms of enterprise financial savings accounts, together with quick access, discover, and glued time period, every providing various ranges of curiosity and entry, in addition to minimal and most deposits values.
On this article, we carry you the 8 finest financial savings accounts for small companies in 2025.
What’s a enterprise financial savings account?
A enterprise financial savings account is a kind of checking account that enables companies to earn curiosity on any surplus funds they deposit. Curiosity is calculated as a proportion of the worth of your general deposit.
The various kinds of enterprise financial savings account
Enterprise financial savings accounts are available in three types:
- Quick access: You may normally deposit and withdraw at any time when it’s good to
- Discover: You must alert the financial institution of your intention to withdraw inside a sure timeframe (e.g 90 days)
- Mounted time period: Your financial savings are locked away for an agreed size of time
How does a enterprise financial savings account work?
Any deposits you make will earn curiosity for the time frame they continue to be within the account. Sometimes, curiosity is calculated daily and paid month-to-month.
For instance:
- Should you deposit £10,000 in an quick access account at AER 2.53%, and don’t make any withdrawals, after 12 months your stability could be £10,253
You must pay taxes on any curiosity you earn as it’s thought of revenue. Should you’re a restricted firm, you’ll pay capital positive aspects. Should you’re a sole dealer, you’ll pay revenue tax on something above the tax free allowance.
The professionals and cons of financial savings
Execs
- There’s quite a lot of financial savings account sorts to swimsuit totally different wants and preferences
- Maximise the worth of your income by incomes curiosity on surplus funds
- Ringfence money to make use of for specific liabilities and targets in a while
Cons
- Rates of interest can differ significantly and be a lot decrease after the introductory supply
- You’ll have to lock your funds away for a number of years to entry the perfect rates of interest
- Many accounts include restrictions, which may be irritating in the event that they don’t align with you enterprise targets
The very best enterprise financial savings accounts for UK small companies
Financial institution of London 
Financial institution of London affords each quick access and see financial savings accounts. Each accounts haven’t any minimal and mean you can make limitless deposits through the lifetime of the account, as much as a most of £2m and £10m respectively.
For every account, curiosity accrues each day and is paid on the finish of the time period. With durations of 31 as much as 180 days, Financial institution of England’s discover accounts mean you can earn larger returns whereas sustaining some flexibility. And with deposits capped at £10m, they’re appropriate for companies managing massive money reserves.
Eligibility:
- Could be a UK or non-UK (topic to phrases) enterprise
- LTD, LLP and PLCs
- Not obtainable to sole merchants and freelancers
Tide 
| Time period Sort | Straightforward Entry |
| Minimal deposit | £1 |
| Most deposit | Limitless (Steadiness above £75,000 earns no curiosity) |
| Rates of interest | 4.07% AER variable for brand spanking new clients (reverts to three.29% till 1st June 2025) |
Tide affords simply the one quick access financial savings account, which has an introductory variable AER of 4.07% for brand spanking new clients. It is a restricted time supply and can revert to the usual 3.29% in June 2025.
With a low minimal deposit of simply £1, and no most (although curiosity stops accruing on balances above £75,000) Tide’s quick access account is a versatile choice for companies of all sorts and sizes. The account integrates seamlessly with a Tide present account however can also be obtainable to non-Tide clients. Curiosity is paid month-to-month, and there aren’t any withdrawal restrictions, guaranteeing companies can entry their funds at any time when wanted.
Eligibility:
- 18 or over
- UK enterprise
- Legitimate picture ID
- You shouldn’t have to be a Tide Enterprise Present Account holder
JN Financial institution 
| Time period Sort | Straightforward Entry | Mounted Time period |
| Minimal deposit | £1 | £100 |
| Most deposit | £500,000 | £500,000 |
| Rates of interest | 3.76% gross/ AER variable | Between 4.40% to 4.80% gross AER relying on time period |
JN Financial institution offers each quick access and fixed-term financial savings accounts with engaging rates of interest and low minimal deposits. Its quick access account affords a 3.76% gross/AER variable charge with no restrict on the variety of withdrawals you can also make (though each day withdrawals are capped at £50,000).
Mounted-term choices, which don’t permit withdrawals earlier than maturity, vary from 1 to five years, with extremely aggressive charges of between 4.40% and 4.80% AER. Curiosity is calculated each day and paid month-to-month for simple entry accounts, whereas fixed-term accounts obtain annual or maturity-based curiosity funds. The utmost deposit quantity of £500,000 is low in comparison with lots of our different suppliers.
Eligibility:
- 18 or over
- UK resident
- Will need to have a UK cell phone, e-mail handle and checking account
Shawbrook Financial institution 
| Time period Sort | Easy Entry | Discover | Mounted Time period |
| Minimal deposit | £1,000 | £5,000 | £5,000 |
| Most deposit | £85,000 | £2m | £2m |
| Rates of interest | Variable gross AER 4.20% yearly, 4.12% month-to-month |
Variable gross AER 45 day discover: 3.76% yearly, 3.70% month-to-month 100 day discover: 4.51% yearly, 4.42% month-to-month |
Mounted gross AER 1 yr: 4.56% yearly, 4.47% month-to-month 2 yr: 4.21% yearly, 4.13% month-to-month |
Shawbrook Financial institution affords maybe the perfect vary of enterprise financial savings accounts of all of the suppliers we’ve reviewed, together with quick access, discover, and fixed-term deposits, with a number of phrases and see durations obtainable. The straightforward entry account pays a really wholesome variable 4.20% AER and permits limitless withdrawals (offered you are taking out no less than £500 every time).
Discover durations are 45 or 100-day, with charges as much as 4.51% AER. Mounted-term deposits can be found for 1 and a couple of years, with charges reaching 4.56% AER. A minimal deposit of £5,000 is required (pretty typical for these sorts of accounts), with a most of £2m. Curiosity is calculated each day and paid both month-to-month or yearly.
Eligibility:
- 18 or over
- UK resident/enterprise
- Sole dealer, LTD, partnership (however no an LLP)
- Most of 4 shareholders
- All administrators/shareholders should meet the above necessities
Hampshire Belief Financial institution 
| Time period Sort | Straightforward Entry | Discover (95-day) | Mounted Time period |
| Minimal deposit | £5,000 | £5,000 | £5,000 |
| Most deposit | £750,000 | £750,000 | £750,000 |
| Rates of interest | Variable gross AER 4.10% | Variable gross AER 3.95% | Mounted gross AER 4.16% to 4.55% relying on time period |
| Eligibility standards | Have to be everlasting UK resident aged 18 or over Out there to UK companies and organisations |
Hampshire Belief Financial institution offers quick access, discover, and fixed-term accounts for UK companies. The straightforward entry account affords 4.10% AER with limitless withdrawals, whereas the discover account (Hampshire presently affords solely 95-days) offers 3.95% AER. Mounted-term deposits vary from 1 to three years, with charges between 4.16% and 4.55% AER.
A £5,000 minimal deposit is required for all accounts (even the straightforward entry), with a most of £750,000. Nonetheless, Hampshire permits you to open a number of accounts, with a mixed stability cap of £1m. Curiosity is paid yearly on the anniversary of the primary deposit.
Eligibility:
- 18 or over
- UK residents
- UK enterprise
Allica 
| Time period Sort | Straightforward Entry |
| Minimal deposit | £1 |
| Most deposit | £5m |
| Rates of interest | Variable gross 4.83% AER |
Like Tide, Allica Financial institution affords only one quick access financial savings account, but it surely stands out for having one of many highest variable AERs (4.83%) available on the market, in addition to a large most deposit cap of £5m.
Nonetheless, the account is completely obtainable to companies with an Allica Enterprise Rewards Account, and the marketed charge can solely be achieved in case you obtain each 15 month-to-month financial institution transfers and both totally or partially change accounts by way of CASS, every granting you a further 0.5% curiosity enhance (for a most of six months). In any other case, you can be supplied the usual variable 3.83% AER. The account is totally managed by way of Allica’s cellular app or on-line banking.
Eligibility:
- UK based mostly and registered with corporations home
- Will need to have an Allica Enterprise Rewards Account
United Belief Financial institution 
| Time period Sort | Discover (40, 100, 200-day) | Mounted Time period Enterprise Bonds |
| Minimal deposit | £5,000 | £5,000 |
| Most deposit | £5m | £5m |
| Rates of interest | Variable gross 4.10% AER to 4.76% AER relying on discover interval | Mounted gross 4.10% AER to 4.60% AER relying on bond time period |
United Belief Financial institution offers discover and fixed-term enterprise bonds financial savings accounts, and is the one one in every of our suppliers to not supply an quick access account.
There are 40, 100, or 200-day discover interval choices, with rates of interest as much as 4.76% AER. Mounted-term enterprise bonds supply 3-month to 5-year phrases, with charges reaching 4.60% AER. Deposits vary from £5,000 to £5m, with no withdrawals allowed earlier than the time period ends. Curiosity is paid yearly on thirty first October and at maturity for fixed-term bonds. Should you take no motion at maturity, United strikes your funds right into a seven-day prompt entry account. After 4 seven-day renewals, the total quantity will likely be paid into your nominated account.
Eligibility:
- 18 or over
- UK resident
- UK enterprise registered with Firms Home
- LTD firm or sole dealer
Cynergy 
| Time period Sort | Straightforward Entry | Discover |
| Minimal deposit | £1 | £5,000 |
| Most deposit | £10m | £10m |
| Rates of interest | Variable 4.00% AER (gross 3.93% every year) | Variable 4.50% to 4.60% AER, 4.41% to 4.51% gross relying on discover interval |
Cynergy affords quick access and see financial savings accounts designed for companies. The straightforward entry account offers 4.00% AER with limitless free withdrawals. Discover accounts include 95, 120, or 180-day durations, providing rates of interest as much as 4.60% AER. The minimal deposit is £1 for simple entry and £5,000 for discover accounts, with a really aggressive most of £10m for each forms of account. Curiosity is calculated each day and paid month-to-month. One distinctive characteristic of Cynergy is which you can grant as much as 10 crew members account entry, permitting them to make deposits and withdrawals.
Eligibility:
- 18 or over
- UI resident
- UK enterprise registered with Firms Home
- A sole dealer, partnership, LLP or LTD firm
How to decide on the appropriate enterprise financial savings account
To decide on the appropriate account, first set up your corporation financial savings targets and priorities. For instance, do you want to have the ability to make withdrawals or are you cheerful to forgo entry to your funds till they attain maturity?
Listed here are three typical eventualities and probably the most appropriate accounts for each.
I wish to earn curiosity on my surplus funds, however I would like to have the ability to withdraw funds to cowl bills or reap the benefits of progress alternatives.
- Open an quick access financial savings account. Most mean you can make withdrawals everytime you want, although you could sacrifice a better degree of curiosity for the privilege.
I wish to earn a good rate of interest and I don’t want fast entry to my financial savings, however I would like some flexibility.
- Select a discover account. You’ll earn a good degree of curiosity and also you’ll have the ability to make withdrawals offered you give enough discover.
I’m blissful to lock away my funds for an prolonged time frame to maximise my curiosity.
- A mounted time period account is the one for you. You gained’t have the ability to make any withdrawals however you’ll have the perfect return in your deposits.
You must also think about the:
- Minimal: some minimal deposits may be as little as £1, whereas others may be upwards of £5,000. Should you can’t afford to deposit the minimal, it’s not the account for you.
- Most: If in case you have quite a lot of spare funds, make sure the financial savings account has a excessive sufficient deposit ceiling to profit from your financial savings.
Why not work with Akoni?
You don’t must deposit your funds with only one financial savings supplier, or undergo the rigmarole of opening a number of accounts to entry the perfect charges. The Akoni money administration platform can do all of it for you.
Through a single software, you’ll achieve entry to greater than 20 totally different banks, and you may transfer your funds between accounts with ease to entry the perfect charges every day (relying on particular person phrases). Not solely is that this an environment friendly strategy to maximise your corporation financial savings, it means you’ll be able to unfold your danger throughout a number of FSCS-protected accounts.
What’s extra, Akoni will warn you in case you may very well be getting a greater deal and you may view and handle all of your funds from the financial savings dashboard.
See additionally: 12 of the perfect digital banking platforms for small companies
