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Business savings accounts
Planning for future growth or setting cash aside just in case? Get the best savings account for your business strategy.
- Find the best business savings account for you – easy access, notice period or fixed term deposit accounts.
- Open a savings account online in just a few minutes if you already bank with us.
Compare our business savings accounts
Fixed Term Deposit Account
1.41% - 2.25% AER¹
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Lock money away for an agreed term.
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Get a fixed rate of interest for the length of your term.
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Deposit at least £10,000 and up to £5 million.
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Earn 1.40% - 2.24% Gross p.a.²
Notice accounts
1.97% - 2.77% AER¹
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Choose a 32 or 95-day notice period to withdraw money.
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Get a variable rate of interest set by Lloyds Bank.
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Deposit at least £10,000 and up to £5 million.
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Earn 1.95% - 2.73% Gross p.a.²
Instant Access Account
0.60% - 1.41% AER¹
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Access your money anytime you need it.
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Get a variable rate of interest set by Lloyds Bank.
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Start small and grow your savings alongside your business.
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Earn 0.60% - 1.40% Gross p.a.²
Interest rates stated above for fixed term deposits and notice accounts are available as at 08/08/2025 and expire on 18/09/2025 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.
Apply for a business savings account
Get your extra cash working harder. Apply for the best business savings account for your needs.
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Frequently asked questions
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A business savings account can offer you a higher interest rate on any surplus cash you may have or when you’re saving up for something for your business. It’s worth thinking about how quickly you might want to access this money. You’ll have several options including instant access and fixed term, with varying interest rates and terms.
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Think about how quickly you might need to access your money. An instant access account has no restrictions on when you can withdraw money, and how much. But it will have a lower interest rate than fixed term or notice accounts. You should also consider the return you’ll make. If you’re able to lock your money up for a longer period, you’ll usually be offered a higher interest rate. Carefully compare the options available to you.
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It is possible to earn some interest on your savings and not pay tax on it. But this depends on the type of account you have – whether you are a sole trader or run a limited company, for example. You’ll need to declare any interest earned when you complete your tax return and you are responsible for paying any tax due to HM Revenue and Customs. Lloyds Bank pays the gross rate of interest, which means that no tax will be automatically deducted from interest on your behalf.