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Alliance & Leicester Business Savings Accounts Review

Compare Alliance & Leicester Business Savings Accounts – read our review and compare the features and benefits available from Alliance & Leicester to find a Business Savings Account that suits your company.

The Alliance & Leicester Business Savings Account offers an interest rate that is nearly double the figure offered by some of the other big banks. With instant access to your deposits you can have peace of mind in knowing you can always access your funds and this business savings account is linked to the Bank of England base rate so your surplus funds will always be working hard for you, allowing you to focus on running your business without having to constantly compare the market for the best deals.
Alliance & Leicester Business Accounts are available to all businesses, irrespective of turnover. Customers can make up to 10 free automated withdrawals per month which includes BACS, Faster Payments and ATM. If you require additional withdrawals there is a £2 charge per extra transaction.

Cheque deposits can be made by post and electronic transfer. Accounts can be managed over the phone, by fax, post and using the online business banking facility.

Top 5 Business Savings Accounts products

Provider
Account
AER
Deposit
Interest Paid
Apply
Get 1.70% GROSS/AER on your Business Savings from £10k fixed for 3 years.
1.70%
Min £10,000
Max £3,000,000
Annually
1.50% AER on Business Savings from £1k for 12 months. Online Application and account management.
1.50%
Min £1,000
Max £1,000,000
Monthly
Get 1.10% GROSS/AER on your Business Savings from £10k fixed for 1 year.
1.10%
Min £10,000
Max £3,000,000
On Maturity
1.00% AER on Business Savings from £1k for 6 months. Online Application and account management.
1.00%
Min £1,000
Max £1,000,000
Monthly

Aldermore 1 Year Fixed Rate Business Bond

Aldermore
  • Market leading rates with no tricks or gimmicks
  • Fast and simple online account opening - open an account, complete ID checks and arrange to move money in just 15 minutes, leaving you free to focus on your business
  • Available to UK businesses without the need to change your existing bank current account
  • Safe and secure online banking 24/7
  • UK based expert telephone support
  • 14 Day cooling off period - if you change your mind within 14 days of opening your new business savings account we'll be happy to refund your savings
  • Easy to add or remove names or change user levels
  • Open an account with just £1,000
  • No fees or charges for day to day services

Aldermore 6 Month Fixed Rate Business Bond

Aldermore
  • Market leading rates with no tricks or gimmicks
  • Fast and simple online account opening - open an account, complete ID checks and arrange to move money in just 15 minutes, leaving you free to focus on your business
  • Available to UK businesses without the need to change your existing bank current account
  • Safe and secure online banking 24/7
  • UK based expert telephone support
  • 14 Day cooling off period - if you change your mind within 14 days of opening your new business savings account we'll be happy to refund your savings
  • Easy to add or remove names or change user levels
  • Open an account with just £1,000
  • No fees or charges for day to day services

Cambridge & Counties Bank 3 Year Fixed Rate Busines Bond

  • 1.70% Gross/AER annually fixed.
  • You can invest anything from £10,000 up to £3m.
  • Open your account by cheque drawn on your existing current account This cheque should come from the nominated current account in the same name as the organisation.
  • We will write to you before the end of the term to advise of the options open to you. If we do not receive any instructions from you the account will become easy access and will pay the easy access rate, which will be notified to you.
  • No withdrawals can be made during the term of the bond and the account cannot be closed before the 2 year term is complete.
  • Interest is paid annually on the anniversary of opening and is paid without the deduction of tax (Gross).
  • The 3 Year Fixed Rate Bond is linked to your nominated existing current account (this can be with any UK Bank or Building Society). Your initial deposit must come from your nominated current account (by cheque) and any withdrawals on maturity of the bond will be paid back to this nominated current account by faster payment the following day.
  • We calculate your interest daily and add it to your Bond annually on the anniversary of opening.
  • Statements are issued annually on the anniversary of the Bond.
  • Your organisation must be based in the UK and all directors/signatories/beneficial owners must be aged 18 or over and permanent UK residents.
  • We accept applications from Sole Traders, Partnerships, Limited Companies, Limited Liability Partnerships, Charities, Societies, Clubs, Associations, Trusts and Parish Councils.
  • There are no transaction charges but we may charge for additional services, please see our Tariff of Charges on our website.
  • Eligible accounts qualify for 14 days cooling off period (please refer to T&Cs).
  • AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once each year.

Cambridge & Counties Bank 1 Year Fixed Rate Business Bond

  • 1.10% Gross/AER annually fixed
  • You can invest anything from £10,000 up to £3m
  • Open your account by cheque drawn on your existing current account
  • At the end of the term the account will become easy access. You can then have the funds transferred back to your current account, leave them where they are or transfer to another of our accounts
  • No withdrawals can be made during the term of the bond and the account cannot be closed before the 5 year term is complete
  • Interest is paid annually on the anniversary of opening and can be paid either Gross or Net according to the tax status of your organisation and is subject to change