Grow your savings, on your terms
Compare our business savings accounts
Fixed Term Deposit Account
Lock away your money for a fixed term
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1.70% - 2.54% Gross p.a.²
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Choose a term that suits you
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Deposit a minimum of £10,000 and up to £5 million
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Fixed rate of interest for the length of your term
Notice Accounts
Notice must be given to withdraw money
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2.15% - 3.01% Gross p.a.²
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Select from 32 or 95-day notice to withdraw money
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Deposit a minimum of £10,000 and up to £5 million
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Variable rate of interest, set by Lloyds Bank
Instant Access Account
No fixed term or notice needed
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0.80% - 1.80% Gross p.a.²
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Instant access to your money anytime you need it
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Open an account with as little as £1
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Variable rate of interest, set by Lloyds Bank
Interest rates stated above for fixed term deposits and notice accounts are available as at 21/03/2025 and expire on 08/05/2025 and may be subject to change.
1 AER – The AER stands for Annual Equivalent Rate and is the notional rate, which illustrates the gross rate as if paid and compounded on an annual basis. As every advert for a savings product will contain an AER, you’ll be able to compare more easily what return you can expect from your savings over time.
2 Gross Rate – Gross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HM Revenue and Customs.
Protecting your deposits
The Financial Services Compensation Scheme (FSCS) will protect your deposits up to the value of £85,000, subject to eligibility criteria.
Apply on our Business Banking Mobile App
Log on to the Business Banking Mobile app to apply for an Instant Access Account, Fixed Term Deposit, or a Notice Account.
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For instant access accounts please call 0800 056 0056.
For fixed term deposits or notice accounts call us on 0345 600 6391.
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Interest Rates
Fixed Term Deposit Account
These interest rates apply to Sterling deposits only with a minimum balance of £10,000 and maximum balance of £5m.
AER1
Gross p.a.2
Term length
AER1
1.71%
Gross p.a.2
1.70%
Term length
3 months
AER1
2.56%
Gross p.a.2
2.54%
Term length
6 months
AER1
2.55%
Gross p.a.2
2.54%
Term length
9 months
AER1
2.54%
Gross p.a.2
2.54%
Term length
12 months
AER1
2.55%
Gross p.a.2
2.54%
Term length
Fixed until 15/10/2025
AER1
2.54%
Gross p.a.2
2.54%
Term length
Fixed until 26/08/2026
Interest rates stated above are available as at 21/03/2025 and expire on 08/05/2025 but may be subject to change. Once you open your deposit account, the interest rate is fixed, so will stay the same throughout your chosen term.
Interest is calculated as follows: Interest rate multiplied by the number of days of the fixed term divided by 365 days then multiplied by the initial deposit amount. For example, a £10,000 deposit for 3 months at a 2.50% interest rate would be calculated as follows: 2.50% x (91/365) x £10,000.
Interest is paid at the end of the agreed term.
We only offer standard terms online for Fixed Term Deposit Accounts. If you would like to apply for bespoke term lengths or you need to select specific start and end dates for your deposit, call us on 0345 600 6391. We are available 8am to 5pm Monday to Friday.
Notice Accounts
The interest rates shown in the table are variable.
These interest rates apply to Sterling deposits only with a minimum balance of £10,000 and maximum balance of £5m. Interest is calculated and paid to your account daily (unless otherwise agreed). The interest rate is set and managed by Lloyds Bank.
AER1
GROSS p.a.2
Notice period
AER1
2.17%
GROSS p.a.2
2.15%
Notice period
32 days’ notice required to make withdrawal or close the account
AER1
3.06%
GROSS p.a.2
3.01%
Notice period
95 days’ notice required to make a withdrawal or close the account
Interest rates stated above are available as at 21/03/2025 and expire on 08/05/2025 but may be subject to change.
Instant Access Account
The interest rates shown in the table are variable.
Current interest rates
Business instant access account Interest paid monthly
AER (%)The AER stands for Annual Equivalent Rate and is the notional rate which illustrates the gross rate as if paid and compounded on an annual basis. As every advert for a savings product will contain an AER you will be able to compare more easily what return you can expect from your savings over time.
Gross (%)Gross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HM Revenue and Customs.
Interest paid monthly
£20,000,000+
AER (%)The AER stands for Annual Equivalent Rate and is the notional rate which illustrates the gross rate as if paid and compounded on an annual basis. As every advert for a savings product will contain an AER you will be able to compare more easily what return you can expect from your savings over time.
1.81%
Gross (%)Gross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HM Revenue and Customs.
1.80%
Interest paid monthly
£10,000,000+
AER (%)The AER stands for Annual Equivalent Rate and is the notional rate which illustrates the gross rate as if paid and compounded on an annual basis. As every advert for a savings product will contain an AER you will be able to compare more easily what return you can expect from your savings over time.
1.71%
Gross (%)Gross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HM Revenue and Customs.
1.70%
Interest paid monthly
£1,000,000+
AER (%)The AER stands for Annual Equivalent Rate and is the notional rate which illustrates the gross rate as if paid and compounded on an annual basis. As every advert for a savings product will contain an AER you will be able to compare more easily what return you can expect from your savings over time.
1.46%
Gross (%)Gross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HM Revenue and Customs.
1.45%
Interest paid monthly
£500,000+
AER (%)The AER stands for Annual Equivalent Rate and is the notional rate which illustrates the gross rate as if paid and compounded on an annual basis. As every advert for a savings product will contain an AER you will be able to compare more easily what return you can expect from your savings over time.
1.00%
Gross (%)Gross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HM Revenue and Customs.
1.00%
Interest paid monthly
£100,000+
AER (%)The AER stands for Annual Equivalent Rate and is the notional rate which illustrates the gross rate as if paid and compounded on an annual basis. As every advert for a savings product will contain an AER you will be able to compare more easily what return you can expect from your savings over time.
0.90%
Gross (%)Gross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HM Revenue and Customs.
0.90%
Interest paid monthly
£1+
AER (%)The AER stands for Annual Equivalent Rate and is the notional rate which illustrates the gross rate as if paid and compounded on an annual basis. As every advert for a savings product will contain an AER you will be able to compare more easily what return you can expect from your savings over time.
0.80%
Gross (%)Gross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HM Revenue and Customs.
0.80%
These interest rates are correct as at 15 April 2025. Interest is calculated daily and paid monthly.
Interest rates with effect from 05 June 2025
Please note that with effect from 05 June 2025, the rates of credit interest and interest tiers for this product will change to those shown below:
Business instant access account Interest paid monthly
AER (%)The AER stands for Annual Equivalent Rate and is the notional rate which illustrates the gross rate as if paid and compounded on an annual basis. As every advert for a savings product will contain an AER you will be able to compare more easily what return you can expect from your savings over time.
Gross (%)Gross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HM Revenue and Customs.
Interest paid monthly
£20,000,000+
AER (%)The AER stands for Annual Equivalent Rate and is the notional rate which illustrates the gross rate as if paid and compounded on an annual basis. As every advert for a savings product will contain an AER you will be able to compare more easily what return you can expect from your savings over time.
1.61%
Gross (%)Gross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HM Revenue and Customs.
1.60%
Interest paid monthly
£10,000,000+
AER (%)The AER stands for Annual Equivalent Rate and is the notional rate which illustrates the gross rate as if paid and compounded on an annual basis. As every advert for a savings product will contain an AER you will be able to compare more easily what return you can expect from your savings over time.
1.51%
Gross (%)Gross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HM Revenue and Customs.
1.50%
Interest paid monthly
£1,000,000+
AER (%)The AER stands for Annual Equivalent Rate and is the notional rate which illustrates the gross rate as if paid and compounded on an annual basis. As every advert for a savings product will contain an AER you will be able to compare more easily what return you can expect from your savings over time.
1.26%
Gross (%)Gross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HM Revenue and Customs.
1.25%
Interest paid monthly
£500,000+
AER (%)The AER stands for Annual Equivalent Rate and is the notional rate which illustrates the gross rate as if paid and compounded on an annual basis. As every advert for a savings product will contain an AER you will be able to compare more easily what return you can expect from your savings over time.
0.90%
Gross (%)Gross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HM Revenue and Customs.
0.90%
Interest paid monthly
£100,000+
AER (%)The AER stands for Annual Equivalent Rate and is the notional rate which illustrates the gross rate as if paid and compounded on an annual basis. As every advert for a savings product will contain an AER you will be able to compare more easily what return you can expect from your savings over time.
0.80%
Gross (%)Gross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HM Revenue and Customs.
0.80%
Interest paid monthly
£1+
AER (%)The AER stands for Annual Equivalent Rate and is the notional rate which illustrates the gross rate as if paid and compounded on an annual basis. As every advert for a savings product will contain an AER you will be able to compare more easily what return you can expect from your savings over time.
0.70%
Gross (%)Gross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HM Revenue and Customs.
0.70%
These interest rates will apply from 05 June 2025. Interest is calculated daily and applied monthly.
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Fixed Term Deposit Accounts
For customers with an annual turnover of £0-25m
Fixed Term Deposit product information factsheet (PDF, 148 KB)
32 Day Notice Account
- 32 days’ notice is required to close the account.
- Funds are committed for a minimum period of 32 days.
- The interest rate is a managed rate set by Lloyds Bank and is subject to change.
- Minimum withdrawal amount £10,000.
- Minimum balance £10,000.
For clients with an annual turnover of £0-25m
32 Day Notice account product information factsheet (PDF, 376 KB)
95 Day Notice Account
- 95 days’ notice is required to close the account.
- Funds are committed for a minimum period of 95 days.
- The interest rate is a managed rate set by Lloyds Bank and is subject to change.
- Minimum withdrawal amount £10,000.
- Minimum balance £10,000.
For clients with an annual turnover of £3m-£25m
95 Day Notice account product information factsheet (PDF, 384 KB)
Fixed Term Deposit and Notice Account Terms and Conditions
Product Terms for Deposit Accounts (PDF, 397 KB)
Instant Access Account