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
Lock away your money for a fixed term
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1.60% - 3.20% 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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2.00% - 2.35% Gross p.a.²
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Select from 32 or 95 ³ 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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0.75% - 1.40% 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
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.
3 95 Day Notice Account is only available for clients with a turnover above £3m.
How long does it take to open a business savings account?
Our standard time to open Fixed Term Deposit and Notice Accounts is 5 working days. But due to demand this might take longer. We will backdate and pay out any credit interest earned beyond 5 working days.
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
Frequently asked questions
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A business savings account will offer you a higher interest rate than if your money stays in your business current account. 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.
Important legal information
Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service.
Lloyds Bank is a trading name of Lloyds Bank plc, Bank of Scotland plc, Lloyds Bank Corporate Markets plc and Lloyds Bank Corporate Markets Wertpapierhandelsbank GmbH.
Lloyds Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. Bank of Scotland plc. Registered Office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland no. SC327000. Lloyds Bank Corporate Markets plc. Registered office 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 10399850. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278, 169628 and 763256 respectively.
Lloyds Bank Corporate Markets Wertpapierhandelsbank GmbH is a wholly-owned subsidiary of Lloyds Bank Corporate Markets plc. Lloyds Bank Corporate Markets Wertpapierhandelsbank GmbH has its registered office at Thurn-und-Taxis Platz 6, 60313 Frankfurt, Germany. The company is registered with the Amtsgericht Frankfurt am Main, HRB 111650. Lloyds Bank Corporate Markets Wertpapierhandelsbank GmbH is supervised by the Bundesanstalt für Finanzdienstleistungsaufsicht.
Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.