Covered by FSCS up to £85k
Simple online application
UK-based support team
No one likes spending time managing their company savings. That's why, at Allica Bank, we focus on being two things: simple and rewarding.
It means you can get back to business – safe in the knowledge your company's excess cash is earning the rate your hard work deserves.
You can open an account with us entirely online with a deposit from £20,000 to £2,000,000. And we won't charge you a penny for doing so.
* ‘AER' means ‘annual equivalent rate' and is designed to make it easy for you to compare savings products. It tells you how much interest you'd earn if you put some money in an account and left it there for a full year. It takes account of things like how often the interest is paid and assumes any interest paid during that year is added to the balance and earns interest.
In addition, all controlling persons and significant owners must be resident in the UK and over 18 years' old.
Your eligible deposits with Allica are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered.
Find out more about your eligibility for FSCS coverage here.
Allica Bank was built with the vision to empower small and medium-sized businesses to succeed.
We combine modern technology with local relationships and expertise to provide the tailored support we know our customers need.
We have offices in Milton Keynes, Manchester and London, and a team of expert relationship managers out on the road across England, Scotland and Wales, providing personal support to small and medium-sized businesses in their local communities.
No matter where we are, though, every one of us is committed to our four core values of: