Business savings accounts

Earn the rate your hard work deserves

No faff. Just straightforward business savings accounts, and a competitive interest rate to boot. Why complicate things?

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See our accounts

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Covered by FSCS up to £85k

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Competitive rates

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Simple online application

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UK-based support team

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Expert banking for business Britain

No one likes spending time managing their company savings. That's why, at Allica Bank, we focus on being two things: simple and rewarding.

It means you can get back to business – safe in the knowledge your company's excess cash is earning the rate your hard work deserves.

You can open an account with us entirely online with a deposit from £20,000 to £2,000,000. And we won't charge you a penny for doing so.

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Get a great rate

Earn one of the most competitive rates on the market

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Apply online now

No paperwork — a simple online application is all we need

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Help at the ready

Our UK support team is always happy to help

Things you should know before applying:

  • You won't need to change your business's existing current account.
  • You can deposit between £20,000 and £2,000,000.
  • We don't charge any fees for using our savings accounts.
  • Applications are made entirely online. So make sure you have access to the internet, and also a mobile phone in order to complete our security checks.

* ‘AER' means ‘annual equivalent rate' and is designed to make it easy for you to compare savings products. It tells you how much interest you'd earn if you put some money in an account and left it there for a full year. It takes account of things like how often the interest is paid and assumes any interest paid during that year is added to the balance and earns interest.

To be eligible you must:

  • Be based in the UK
  • Business must be registered with Companies House
  • Have a UK business bank account

In addition, all controlling persons and significant owners must be resident in the UK and over 18 years' old.

FSCS Protected

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.

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About Allica

Allica Bank was built with the vision to empower small and medium-sized businesses to succeed.

We combine modern technology with local relationships and expertise to provide the tailored support we know our customers need.

We have offices in Milton Keynes, Manchester and London, and a team of expert relationship managers out on the road across England, Scotland and Wales, providing personal support to small and medium-sized businesses in their local communities.

No matter where we are, though, every one of us is committed to our four core values of:

  • Integrity
  • Collaboration
  • Being straightforward
  • Delivery

Learn more

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Allica Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (FRN: 821851). Registered office: 4th Floor, 164 Bishopsgate, London EC2M 4LX. Registered in England and Wales with company number 07706156.

Allica Bank savings accounts and business current account products are regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Allica Bank lending products are not regulated products.

Asset finance and growth finance services are provided by Allica Financial Services Limited trading as Allica Bank Asset Finance. Registered office: 4th Floor, 164 Bishopsgate, London EC2M 4LX. Incorporated under the laws of England and Wales with company number 12784979. Allica Financial Services Limited is not authorised or regulated by the Prudential Regulation Authority or the Financial Conduct Authority. The asset finance and growth finance products offered by Allica Bank Asset Finance are not regulated products.

Bridging Finance services are provided by Tuscan Capital Limited. Tuscan Capital Limited is not authorised or regulated by the PRA or FCA. Bridging Finance products offered by Tuscan Capital Limited are not regulated products.