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*See a full list of limits, fees, and industry restrictions here, or our current account key product information, or terms & conditions, or savings pot key product information, or supplemental terms & conditions.
Rate correct as of 1st March 2024. 'AER' stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. Businesses keeping less than £50,000 in the account may earn a reduced rate of interest and may incur fees.
Terms and conditions apply – click to read more.
Your eligible deposits with Allica are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered.
Find out more about your eligibility for FSCS coverage here.
Earn over 5%* AER on your savings
Simple online application
Fixed-term and notice accounts available
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* 5.01% AER, 180-Day Notice account only. Min deposit £20k, max £2m. T&Cs apply. Find out more here.
**Rate correct as of 1st march 2024. 'AER' stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
***See a full list of limits, fees, and industry restrictions here or read our key features document or service information.
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I recently made a stupid mistake when opening two fixed rate accounts and ended up crediting all my money to just one of the accounts. I used the online messaging service to contact customer service and received a very prompt reply from Thusiyanthan Srisankar saying they were looking at how best to help me. Later, on the same day, I was emailed to tell me that an action had been approved to resolve my problem, enabling my two accounts to have the correct balances. I am very impressed by the way Allica treat their customers (market leading rates as well!). A big, big thank you.
It is really helpful to have a bank where you can actually talk to someone and have a dedicated Account Manager. All High Street Banks (what is left of them) are losing custom by "streamlining". It's good to talk to someone about business activities, changes in our market which could have an effect on our banking and having a decent savings account interest rate. I would recommend to move to a bank that cares about the little people!
Holly on the help desk at Allica Bank in Milton Keynes was very helpful. Holly was patient in explaining to me where I had gone wrong in my attempts to transfer funds. I wish Holly well in her endeavours.
Very easy to set up an account. Simple process. It would be 10x as hard to get a new account from my existing bank I've been with for 18 years.
I messaged asking someone to call me. I received an immediate email telling me someone would call me later. This actually happened (a rarity in my experience). The representative was polite and very helpful and resolved my problem quickly and easily. It was a pleasure to get such great customer service.
Thanks to Agata for all her patience and prompt assistance. Pleased with the service this bank offers. I highly recommend.
Having spent 30 years in the Banking sector watching the rise of the red tape and computer says no culture I was massively impressed when Gareth Anderson and Matt Ellis outlined the account opening process, estimating approx. 10 days and then delivered with time to spare!! No nonsense adult approach that is a breath of fresh air to a suffocating industry! Take bow!
I recently made a stupid mistake when opening two fixed rate accounts and ended up crediting all my money to just one of the accounts. I used the online messaging service to contact customer service and received a very prompt reply from Thusiyanthan Srisankar saying they were looking at how best to help me. Later, on the same day, I was emailed to tell me that an action had been approved to resolve my problem, enabling my two accounts to have the correct balances. I am very impressed by the way Allica treat their customers (market leading rates as well!). A big, big thank you.
It is really helpful to have a bank where you can actually talk to someone and have a dedicated Account Manager. All High Street Banks (what is left of them) are losing custom by "streamlining". It's good to talk to someone about business activities, changes in our market which could have an effect on our banking and having a decent savings account interest rate. I would recommend to move to a bank that cares about the little people!
Holly on the help desk at Allica Bank in Milton Keynes was very helpful. Holly was patient in explaining to me where I had gone wrong in my attempts to transfer funds. I wish Holly well in her endeavours.
Very easy to set up an account. Simple process. It would be 10x as hard to get a new account from my existing bank I've been with for 18 years.
I messaged asking someone to call me. I received an immediate email telling me someone would call me later. This actually happened (a rarity in my experience). The representative was polite and very helpful and resolved my problem quickly and easily. It was a pleasure to get such great customer service.
Thanks to Agata for all her patience and prompt assistance. Pleased with the service this bank offers. I highly recommend.
Having spent 30 years in the Banking sector watching the rise of the red tape and computer says no culture I was massively impressed when Gareth Anderson and Matt Ellis outlined the account opening process, estimating approx. 10 days and then delivered with time to spare!! No nonsense adult approach that is a breath of fresh air to a suffocating industry! Take bow!
I recently made a stupid mistake when opening two fixed rate accounts and ended up crediting all my money to just one of the accounts. I used the online messaging service to contact customer service and received a very prompt reply from Thusiyanthan Srisankar saying they were looking at how best to help me. Later, on the same day, I was emailed to tell me that an action had been approved to resolve my problem, enabling my two accounts to have the correct balances. I am very impressed by the way Allica treat their customers (market leading rates as well!). A big, big thank you.
It is really helpful to have a bank where you can actually talk to someone and have a dedicated Account Manager. All High Street Banks (what is left of them) are losing custom by "streamlining". It's good to talk to someone about business activities, changes in our market which could have an effect on our banking and having a decent savings account interest rate. I would recommend to move to a bank that cares about the little people!
Holly on the help desk at Allica Bank in Milton Keynes was very helpful. Holly was patient in explaining to me where I had gone wrong in my attempts to transfer funds. I wish Holly well in her endeavours.
Very easy to set up an account. Simple process. It would be 10x as hard to get a new account from my existing bank I've been with for 18 years.
I messaged asking someone to call me. I received an immediate email telling me someone would call me later. This actually happened (a rarity in my experience). The representative was polite and very helpful and resolved my problem quickly and easily. It was a pleasure to get such great customer service.
Thanks to Agata for all her patience and prompt assistance. Pleased with the service this bank offers. I highly recommend.
Having spent 30 years in the Banking sector watching the rise of the red tape and computer says no culture I was massively impressed when Gareth Anderson and Matt Ellis outlined the account opening process, estimating approx. 10 days and then delivered with time to spare!! No nonsense adult approach that is a breath of fresh air to a suffocating industry! Take bow!
I recently made a stupid mistake when opening two fixed rate accounts and ended up crediting all my money to just one of the accounts. I used the online messaging service to contact customer service and received a very prompt reply from Thusiyanthan Srisankar saying they were looking at how best to help me. Later, on the same day, I was emailed to tell me that an action had been approved to resolve my problem, enabling my two accounts to have the correct balances. I am very impressed by the way Allica treat their customers (market leading rates as well!). A big, big thank you.
It is really helpful to have a bank where you can actually talk to someone and have a dedicated Account Manager. All High Street Banks (what is left of them) are losing custom by "streamlining". It's good to talk to someone about business activities, changes in our market which could have an effect on our banking and having a decent savings account interest rate. I would recommend to move to a bank that cares about the little people!
Holly on the help desk at Allica Bank in Milton Keynes was very helpful. Holly was patient in explaining to me where I had gone wrong in my attempts to transfer funds. I wish Holly well in her endeavours.
Very easy to set up an account. Simple process. It would be 10x as hard to get a new account from my existing bank I've been with for 18 years.
I messaged asking someone to call me. I received an immediate email telling me someone would call me later. This actually happened (a rarity in my experience). The representative was polite and very helpful and resolved my problem quickly and easily. It was a pleasure to get such great customer service.
Thanks to Agata for all her patience and prompt assistance. Pleased with the service this bank offers. I highly recommend.
Having spent 30 years in the Banking sector watching the rise of the red tape and computer says no culture I was massively impressed when Gareth Anderson and Matt Ellis outlined the account opening process, estimating approx. 10 days and then delivered with time to spare!! No nonsense adult approach that is a breath of fresh air to a suffocating industry! Take bow!
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Allica is a business bank built especially for established businesses with between 5 and 250 employees.
These businesses make up a third of UK employment and turnover, yet the service they get from the big banks is increasingly impersonal, inconvenient, and poor value. We don’t think that’s right.
Allica Bank is on a mission to give established businesses the no-nonsense banking they deserve. That means a current account with no monthly fees, a relationship manager whose name and number they actually know, and technology that makes life easier, not harder.
It's business banking how it used to be, just better.
Speak to one of our team to find out how we might be able to help your business.
9am - 5pm Monday-Friday
