Tax Saver
Plan for future tax expenses by saving today
When your business has to find funds to satisfy a tax bill, it can have a serious effect on your cash flow – especially if the sum is larger than you anticipated. We recognise the challenges associated with business tax and have created Tax Saver, a flexible business deposit account, to help you save to meet tax bills.
Key features
- Plan your cash flow - take the stress out of tax bills by setting funds aside regularly
- Instant access 24/7 – enables you to access your funds to pay your tax bills or deal with other business expenses that may arise
- Receive interest of 0.05% gross/AER on balances over £1 - interest is calculated daily and paid quarterly
- Plus earn a quarterly interest bonus if you make no more than 3 withdrawals per quarter
- No minimum or maximum balance
- No monthly account fees
The account is available to business customers with a group turnover of less than £25 million in the 12 months prior to account opening.
Practical Tools and Advice
Visit our innovative Tax Guidance Centre for a range of free videos and guides on business tax matters, provided by HM Revenue & Customs.
Find out more
Bonus interest
You’ll receive bonus interest of 0.50% (gross pa) paid quarterly if you make no more than three withdrawals per quarter.
Tax Saver: Excluding standard quarterly interest bonuses
| Balance £ | Current gross rate p.a. % | Current AER % |
|---|---|---|
| 250,000 + | 0.05 | 0.05 |
| 100,000 - 249,999 | 0.05 | 0.05 |
| 50,000 - 99,999 | 0.05 | 0.05 |
| 25,000 - 49,999 | 0.05 | 0.05 |
| 2,000 - 24,999 | 0.05 | 0.05 |
| 0 - 1,999 | 0.05 | 0.05 |
Please note: quarterly interest bonuses are payable when you make no more than three withdrawals per quarter. Please see the table below for bonus rates.
Tax saver: Including standard quarterly interest bonuses
| Balance £ | Current gross rate p.a. % | Current AER % |
|---|---|---|
| 250,000 + | 0.55 | 0.55 |
| 100,000 - 249,999 | 0.55 | 0.55 |
| 50,000 - 99,999 | 0.55 | 0.55 |
| 25,000 - 49,999 | 0.55 | 0.55 |
| 2,000 - 24,999 | 0.55 | 0.55 |
| 0 - 1,999 | 0.55 | 0.55 |
Apply now
Call us on
0800 404 7851
Minicom
0800 404 6161
Lines are open: Mon to Fri
8am-7pm
(excl. public holidays).
Calls may be recorded