Click on the name of the bank or building society for further information about the account.

Disclaimer: All rates are subject to change, please check with the bank or building society before investing.

CompanyName of AccountGross Interest RateAERNotice PeriodMinimum DepositType of Account
Fixed Rate Bond3.20% - 1.75%3.10% - 1.76%Choice of
3 Year Bond
2 Year Bond
1 Year Bond
6 Month Bond
£10,000Telephone, Post
100 Day Notice2.90%2.90%100 Day£5,000Post
Business Direct 100 (Issue 2)2.40%2.40%100 Day£2,500Post
Business High 5 Account2.27%2.27%3 Months£50,000Internet, Telephone, Post
Business 100 Day Notice2.10%2.10%100 Days£1,000Internet
United Trust BankNotice Deposit2.05%2.05%50 Days£500Internet, Telephone, Post
Harpenden building societyPremier Business2.00%2.00%None£5,000Branch, Post
Online Business Bonus Saver1.50%1.50%None£1Internet

Many businesses hold cash, perhaps in the case of emergency or as a provision for a Corporation Tax or VAT bill.

Most clearing banks offer a poor rate of interest on money held by businesses, which can be improved by shopping about to find an account that not only suits your needs but offers a better rate of return.

As with accounts held personally, the longer you are prepared to commit your businesses money the better the rate of interest available, although the level of access should clearly be considered when making a decision.