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Business Savings Accounts
Secure and grow your savings with our range of accounts to suit your business.
Compare our business savings accounts
Fixed Term Deposit Account
1.71% - 2.56% AER¹
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
2.17% - 3.06% AER¹
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
0.80% - 1.81% AER¹
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.
Explore more from business savings
Protecting your deposits
The Financial Services Compensation Scheme (FSCS) will protect your deposits up to the value of £85,000, subject to eligibility criteria.
Savings Strategy Tool
Our tool can make your money work harder by matching your cash forecasts against our savings products, helping you create a savings strategy bespoke to your needs.
Supporting UK Businesses
See how we’re supporting UK businesses in our latest Credential report.
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.