Skip to content

Put your business savings to work.

Business savings account

Allica provides a range of different business savings products designed to cater to businesses who need different levels of access to their money.

Get started
fscs-logo-colour
Earn up to
4.45%

AER1 (variable)

1 'AER' stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. 180-day notice account only. T&Cs apply. Find out more here.
Get started
fscs-logo-colour

Choose the account that’s right for you

Savings accounts built around the flexibility of your business’s finances.

* 'AER' stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

12-month fixed-rate
4.25%
AER*
  • Earn a guaranteed rate for one year
  • Simple online application
  • Eligible deposits are covered by the FSCS up to £85k
  • Two-week deposit window on opening your account
  • Your money can’t be withdrawn until the fixed term ends
Learn more
6-month fixed-rate
4.20%
AER*
  • Earn a guaranteed rate for six months
  • Simple online application
  • Eligible deposits are covered by the FSCS up to £85k
  • Two-week deposit window on opening your account
  • Your money can’t be withdrawn until the fixed term ends

 

Learn more
180-day notice
4.45%
AER* (variable)
  • Withdraw with just 180 days notice
  • Simple online application
  • Eligible deposits are covered by the FSCS up to £85k
  • We’ll need 180 days' notice before you can withdraw
Learn more
95-day notice
4.40%
AER* (variable)
  • Withdraw with just 95 days notice
  • Simple online application
  • Eligible deposits are covered by the FSCS up to £85k
  • We’ll need 95 days' notice before you can withdraw
Learn more
24-month fixed-rate
4.25%
AER*
  • Earn a guaranteed rate for two years
  • Simple online application
  • Eligible deposits are covered by the FSCS up to £85k
  • Two-week deposit window on opening your account
  • Your money can’t be withdrawn until the fixed term ends
Learn more
Easy Access
3.55%
AER* (variable)
  • Withdraw anytime
  • Simple online application
  • Eligible deposits are covered by the FSCS up to £85k
Learn more

FSCS guaranteed

All our current accounts and savings accounts are covered by the Financial Services Compensation Scheme (FSCS). This means that, should anything happen to Allica Bank, any eligible deposit of up to £85,000 will be protected.

Find out more about your eligibility for FSCS coverage here.

fscs-logo-white

Why save with Allica?

shield-check

FSCS protected

Eligible deposits are covered by the FSCS up to £85k.

contactless-payment-1

Apply & manage online

No need for any unnecessary paperwork.

flag

UK-based support

Our UK support team is always happy to help.

Looking for an even more flexible savings solution?

Our business bank account comes with an instant access Savings Pot that will earn you  up to 4.33% AER1 (variable).

1 Rate includes standard rate of 3.33% AER (minimum balance applies) plus a 0.5% boost each month if you make 15 bank transfers out of the account in the previous month, and a 0.5% boost for six months if you complete a switch with CASS. Rates correct as of 9th May 2025. ‘AER’ stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. Subject to eligibility – see Savings Pot Key Product Information for more details.

 

Find out more
allica-hand-with-card

How to open an account

Opening an account is quick and easy. We just need a few details from you to get started.

1. Choose a product

Decide how long you can leave your savings untouched.

2. Start your application

We’ll need Companies House and other financial information.

3. Fund your account

Our fixed rate products require minimum amounts deposited in 14 days.

What people say about us

Trustpilot
20 Dec, 2024
Fantastic 5* Service
We recently opened a business account with Allica Bank. Not only do they offer competitive rates, you get to discuss your requirements with a person not an computer!  The whole experience from start to finish was brilliant thanks to Emily our account manger, who we can't thank enough. High Recommend
10 Jan, 2025
So refreshing - make the switch!
Having decided to leave Santander who made life increasingly difficult for no apparent reason, we found Allica (thanks Google!). A little apprehensive since I'd not heard of them, but the switch was super easy, the web interface and app are fantastic, and there are even humans who answer emails and calls to help when needed. A real business bank account, finally!
18 Oct, 2024
It's like travelling back in time to…
when humans ran banks. Setting up the account has been so straightforward. Lauren has responded immediately to all my emails - with a phone call when that was easier. So far it's been a pleasure dealing with Allica. I don't often write reviews - I felt compelled to do so this time.
18 Dec, 2024
Superb process
The whole process from start to finish was brilliant. Hope was able to take me through the steps and understood the nature of my business so could offer the best advice. will definitely be keeping this account and setting up future ones with Allica.
13 Dec, 2024
Very easy to get set up and running
Interface seems intuitive and easy to use. Customer services have been proactive. The open banking seems to work well, with transactions pulling into accounting software. Happy to recommend Allica Bank based on my experience to date.
15 Oct, 2024
Outstanding to date!
For a Bank that was little known to myself, I can only say how impressed I've been with their service standards. Lauren was exemplary in explaining everything & I'm about to be allocated my named account Manager. Some lovely old fashioned human values here mixed with modern banking technology & a user friendly app.
13 Dec, 2024
Allica business banking done better
They are great to deal with, easy to set-up and they actually pay interest on your business account unlike most! Highly recommend them.
28 Oct, 2024
The best 2 years banking ever
I’ve been with Allica for 2 years now. I’ve seen them respond well to customer comments and the app has come a long way since I started using it. There may be differences between other banking apps but to have seen the improvements and taking on board feedback is refreshing. I can't fault the account facilities and the interest rate we get.
23 Oct, 2024
A breath of fresh air...
How business banking should be... Exceptional response from relationship manager and a clear, open and personal attitude to SME business needs.  Simple and easy banking app. Just what you need! Recommended to many other SME owners.
13 Jan, 2025
This is how a Bank should be run!
Excellent service from day one, moving to Allica from a hopeless Lloyds (who it seems no longer want SME business), big thank you to Maria who went out of her way to open our account over Christmas/ New Year and help us meet a deadline.
Explore our high-interest savings accounts
Explore options
cloudfront