Apply for an Instant Access Account

Instant Access Account

Grow your business savings and get access to your money exactly when you need it.


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Check if your business can apply

What is an Instant Access Account?

An Instant Access Account has no fixed term, so you can access your money at any time with no withdrawal charges. Ideal if you’re looking for flexibility and monthly interest payments. See our interest rates.

Earn daily interest

You’ll earn interest on the money in your account from the day you deposit it.

Fee-free flexibility

Access cash whenever you want it, with no charges or fees to withdraw.

£1 minimum deposit

Start small and grow your savings alongside your business.

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Can my business apply?

To apply for an Instant Access Account, you should:

  • use it for your business
  • be a sole trader, partner or director
  • be age 18 or over.

How do I apply for an Instant Access Account?

  1. Log in to Online for Business or our Business Banking Mobile app.
  2. Select ‘Apply for an Instant Access Account.’
  3. Complete the application. All you need to know is the amount you want to save and your email address.

Summary box

Instant Access Account

What is the interest rate?

It's the variable rate, as shown in the table 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.

1.41%

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.

1.40%

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.

1.31%

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

£1,000,000+

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.

1.06%

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.

1.05%

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.

0.80%

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

£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.

0.70%

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%

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.

0.60%

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.

0.60%

These interest rates are correct as at 09 September 2025. Interest is calculated daily and paid monthly.

 

  • Yes. As this account pays a variable rate of interest the rate can change over time. The bank will take into account a number of factors in determining rates at any given time, for example we might review the interest rate if the Bank of England Bank Rate changes. We’ll always let you know of any planned changes to the rate. Our terms and conditions explain when and how we do this.

  • Below is an example of what the future balance might be, after interest has been paid. These projections are provided for illustrative purposes only and do not take into account the individual circumstances of the customer.

    Future balance based on current interest rates

     

    Initial Deposit

    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.

    Balance at 12 months

    Initial Deposit

    £20,000,000

    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.

    1.40%

    Balance at 12 months

    £20,281,803.67

    Initial Deposit

    £10,000,000

    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.

    1.30%

    Balance at 12 months

    £10,130,777.39

    Initial Deposit

    £1,000,000

    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.

    1.05%

    Balance at 12 months

    £1,010,550.68

    Initial Deposit

    £500,000

    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.

    0.80%

    Balance at 12 months

    £504,014.70

    Initial Deposit

    £100,000

    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.

    0.70%

    Balance at 12 months

    £100,702.25

    Initial Deposit

    £1,000

    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.

    0.60%

    Balance at 12 months

    £1,006.02

    This example assumed that:

    1. You don’t withdraw any money and interest isn't paid out of the account
    2. The interest rate stays the same
    3. Interest is paid monthly
    4. You make your initial deposit payment on the day you open the account
    5. You don’t make any further deposits

  • This account can be opened and managed by phone or online.

  • You can make withdrawals from this account and there are no charges for doing so.

  • Statements can be issued monthly, quarterly or annually, as requested.

    You can close this account at any time. We may ask you to confirm in writing.

    View all terms and conditions

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Frequently asked questions