Grow your savings, on your terms
Compare our business savings accounts
Fixed Term Deposit
Lock away your money for a fixed term
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2.00% - 5.08% Gross p.a.²
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Choose a term that suits you from 3 months to 2 years
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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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2.60% - 2.95% 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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1.30% - 1.90% Gross p.a.²
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Instant access to your money any time 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 03/11/2023 and expire on 14/12/2023 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 with the Business Mobile App
Apply for a Fixed Term Deposit or Notice Account if you already have the mobile app
- Log into the Business Mobile App
- Select Apply then Savings and apply for either a Fixed Term Deposit or Notice Account
- It should only take about 10 minutes
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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, or you can apply online if your turnover is greater than £3 million.
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Interest Rates
Fixed Term Deposits
These interest rates apply to Sterling deposits only with a minimum balance of £10,000 and maximum balance of £5m. Interest is calculated by reference to the Interest Rate which is fixed for the term until the Maturity Date using the Day Basis. Interest is paid at the end of the agreed term.
Account
Term length
Indicative interest rate
Gross p.a.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. Whilst the Gross rate quoted is the annual rate of interest, please note that the duration of your deposit will affect the amount of interest that you are paid.Indicative interest rate AERThe 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.
Account
Fixed Term Deposit
Term length
3 months
Indicative interest rateGross p.a.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. Whilst the Gross rate quoted is the annual rate of interest, please note that the duration of your deposit will affect the amount of interest that you are paid.
2.00%
Indicative interest rate AERThe 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.
2.02%
Account
Fixed Term Deposit
Term length
6 months
Indicative interest rateGross p.a.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. Whilst the Gross rate quoted is the annual rate of interest, please note that the duration of your deposit will affect the amount of interest that you are paid.
3.50%
Indicative interest rate AERThe 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.
3.53%
Account
Fixed Term Deposit
Term length
9 months
Indicative interest rateGross p.a.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. Whilst the Gross rate quoted is the annual rate of interest, please note that the duration of your deposit will affect the amount of interest that you are paid.
3.55%
Indicative interest rate AERThe 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.
3.57%
Account
Fixed Term Deposit
Term length
12 months
Indicative interest rateGross p.a.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. Whilst the Gross rate quoted is the annual rate of interest, please note that the duration of your deposit will affect the amount of interest that you are paid.
3.60%
Indicative interest rate AERThe 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.
3.60%
Account
Term deposit with fixed maturity date
Term length
Maturity date 15/05/2024
Indicative interest rateGross p.a.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. Whilst the Gross rate quoted is the annual rate of interest, please note that the duration of your deposit will affect the amount of interest that you are paid.
3.50%
Indicative interest rate AERThe 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.
3.53%
Account
Term deposit with fixed maturity date
Term length
Maturity date 14/02/2025
Indicative interest rateGross p.a.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. Whilst the Gross rate quoted is the annual rate of interest, please note that the duration of your deposit will affect the amount of interest that you are paid.
5.08%
Indicative interest rate AERThe 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.
5.08%
Interest rates stated above are available as at 03/11/2023 and expire on 14/12/2023 but may be subject to change.
We only offer standard terms online for Fixed Term Deposit products. 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
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.
Account
Term length
Indicative interest rate GROSS p.a.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. Whilst the Gross rate quoted is the annual rate of interest, please note that the duration of your deposit will affect the amount of interest that you are paid.
Indicative interest rate AERThe 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.
Account
32 Day Notice Account
Term length
No set term
32 days’ notice required to make withdrawal or close the account
Indicative interest rate GROSS p.a.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. Whilst the Gross rate quoted is the annual rate of interest, please note that the duration of your deposit will affect the amount of interest that you are paid.
Managed Rate 2.60% (variable)
Indicative interest rate AERThe 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.
Managed Rate 2.63% (variable)
Account
95 Day Notice Account
Term length
No set term
95 days’ notice required to make a withdrawal or close the account
Indicative interest rate GROSS p.a.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. Whilst the Gross rate quoted is the annual rate of interest, please note that the duration of your deposit will affect the amount of interest that you are paid.
Managed Rate 2.95% (variable)
Indicative interest rate AERThe 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.
Managed Rate 2.99% (variable)
Interest rates stated above are available as at 03/11/2023 and expire on 14/12/2023 but may be subject to change.
Instant Access Savings
We offer two types of instant access: Business Banking Instant Access Account (£0-£3m turnover) and Commercial Instant Access Account (£3m-£25m turnover).
The interest rates shown in the table are variable.
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
£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.
1.92%
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.
1.90%
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.
1.85%
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.
1.83%
Interest paid monthly
£250,000+
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.
1.31%
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.
1.30%
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.
1.31%
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.
1.30%
Interest paid monthly
£50,000+
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.
1.31%
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.
1.30%
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.
1.31%
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.
1.30%
These interest rates are correct as at 26 September 2023. Interest is calculated daily and paid 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, 148KB)
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 376kb)
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 384kb)
Fixed Term Deposit and Notice Account Terms and Conditions
Commercial Banking Markets General Terms of Business (PDF 128kb)
Commercial Banking Markets Deposits Terms and Conditions (PDF 128kb) (to be read in conjunction with Commercial Banking Markets General terms of Business)
Instant Access Savings