Business Reserve
Earn interest on your surplus funds
Business Reserve lets you keep your surplus cash separate from your day to day funds, and earn interest at the same time.
Our Business Reserve Account is a simple way to separate your surplus funds from your everyday cash. It's ideal if you're saving to make a purchase or putting aside funds to pay your bills.
Key features
- Instant access - your funds aren't tied up for any period of time
- No charges - and no penalties when you withdraw funds
- Daily interest - calculated on your daily balance and credited to your account every quarter
Benefits
- Easy to manage - you can easily transfer funds to and from your business current account using online banking
- No loss of interest - when you transfer funds in from your current account you start earning interest right away
Business Reserve Account interest rates
| Balance £ | Current gross rate per annum % | Current AER % | Previous gross rate per annum % | Previous AER % |
|---|---|---|---|---|
| 0-1,999 | 0.05 | 0.05 | 0.10 | 0.10 |
| 2,000-24,999 | 0.05 | 0.05 | 0.10 | 0.10 |
| 25,000-49,999 | 0.05 | 0.05 | 0.10 | 0.10 |
| 50,000-99,999 | 0.05 | 0.05 | 0.10 | 0.10 |
| 100,000 - 249,999 | 0.05 | 0.05 | 0.10 | 0.10 |
| 250,000 - 2,000,000 | 0.05 | 0.05 | 0.15 | 0.15 |
| 2,000,000 + | 0.05 | 0.05 | 0.15 | 0.15 |
Rates effective from March 19 2009.
Interest rates
Gross is the interest rate paid before the deduction of tax.
AER (Annual Equivalent Rate) illustrates what the interest rate would be if paid and compounded each year.
Rates are correct as at date of publication but subject to variation.
Interest is calculated daily and paid quarterly.
Apply now
Call us on
0800 404 7851
Minicom
0800 404 6161
Lines are open:
Mon - Fri 9am - 8pm and
Sat 10am - 2pm
(excl. public holidays).
Calls may be recorded.