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Important information

Further information about our Business Rewards Account:

Eligibility criteria

Our Business Rewards Account is a current account designed for established businesses who:

  • are incorporated for a minimum of 12 months
  • keep a balance of £50,000 or more in their account
  • or have a loan product with us

See Key Product Information for further information.

Savings Pot

Rate includes standard rate of 3.08% AER, plus a 0.5% boost each month if you make 15 bank transfers the previous month, and a 0.5% boost for six months if you complete a successful switch with the Current Account Switch Service (CASS). Rates correct as of 8th August 2025. 'AER' stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

Cashback

Cashback is variable based on eligibility and spend. See a full list of limits and fees here.

Eligibility criteria

To be eligible, your business must have two full years of financial accounts and be either a Limited Company or LLP registered at Companies House, or a partnership or sole trader that operates in England, Scotland or Wales.

Businesses can access a range of hard, medium and soft assets including manufacturing equipment, transportation, plant and machinery, materials handling equipment, textile equipment, robotics, medical equipment, scaffolding, telecoms and more.

Eligibility criteria

UK-registered limited companies, typically with two years of full financial accounts. Your business must be based in England, Scotland or Wales and trade on a business-to-business basis.

Eligibility criteria

Your business must have two full years of financial accounts and be either a Limited Company or LLP registered at Companies House, or a partnership or sole trader that operates in England, Scotland or Wales.

Businesses can include those trading from freehold/long leasehold property in England, Scotland and Wales e.g. offices (including professional practices), industrial units, mixed-use, warehouses, factories, retail, hotels, guest houses, restaurants, public houses, convenience stores and children’s day nurseries. Security will be required.

Eligibility criteria

Available for UK registered limited companies, LLPs, partnerships and sole traders in England, Scotland and Wales.

Legal documents

Further information about our Business Rewards Account:

Eligibility

Our Business Rewards Account is a current account designed for established businesses who:

  • are incorporated for a minimum of 12 months
  • keep a balance of £50,000 or more in their account
  • or have a loan product with us

See Key Product Information for further information.

Leaders in Accountancy Summit 2025

8 September | Convene 155 Bishopsgate, London

Frustrated with slow service, poor rates, or support that just doesn’t get your clients’ needs? It’s time for a better way. Join us at the Leaders in Accountancy Summit this September in London to learn how Allica is building banking that works for accountants and the businesses they support. From tailored tools to relationship-led service, our dedicated partnerships team is here to help you help your clients thrive.

Attending? Want to book a time to chat? Email us at accountants@allica.bank.

Savings Pot

Rate includes standard rate of 2.08% AER, plus a 0.5% boost each month if you make 15 bank transfers the previous month, and a 0.5% boost for six months if you complete a successful switch with the Current Account Switch Service (CASS). Rates correct as of 8th August 2025. 'AER' stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

Important information

Further information about our Business Rewards Account:

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Apply now

Fill out the form and we'll be in touch to complete your application.

Keep in mind: Our Business Rewards Account is designed for established businesses who keep a balance of £50,000 or more in their account. See our eligibility criteria.

 

Eligibility criteria

Allica’s business overdraft is made for Business Rewards Account customers who need the flexibility and tools to grow their business

  • Need an overdraft over £25,000 for business purposes
  • Be a UK Limited Company or Limited Liability Partnership
  • Have been trading for at least 24 months
  • Generate an annual turnover of more than £500,000 and be profitable

If your overdraft is approved but you don't already have a Business Rewards Account you'll need to open one before you can access the money.

What is a Personal Guarantee (PG)

A personal guarantee is a promise made by a person or an organisation to accept responsibility for some other party's debt if the debtor fails to pay it.

What is a Debenture?

In corporate finance, a debenture is a medium- to long-term debt instrument used by large companies to borrow money, at a fixed rate of interest.

Welcome Boost

Open a new Business Rewards Account and a Savings Pot, deposit £50,000 or more within 14 days from receiving your welcome email and enjoy a 0.25% Welcome Boost on everything you hold in your Savings Pot. The boost applies only to funds kept in the Savings Pot.

Your boost lasts for 3 months, starting on the 1st of the following month. To qualify, you’ll need to open your account, set up your Savings Pot, and deposit at least £50,000 before 28th February 2026.

This offer is available to new Business Rewards Account customers only. Each business can hold more than one Business Rewards Account, but the Welcome Boost applies only to the first account opened with Allica Bank.

Send a message

Apply for an overdraft

Already a customer?

Log in to your account to apply. We’ll use your existing details to speed things up.

Continue

New to Allica Bank?

Apply in minutes. It’s quick, easy and all online.

Get started

New to Allica Bank?

Apply in minutes. It’s quick, easy and all online.

Get started

Already a customer?

We’ll need to use your existing details to speed things up for you.

Continue

Get in touch

We'll look to get you set up with your Sage Easy Access savings account as soon as possible.

Please call us on 0330 094 3333, 9:00am - 5:00pm Monday to Friday (Wednesdays: 9.30am - 5pm).

Eligibility criteria

Elderly care homes & specialist learning disability care:

  • Experienced elderly care home operators (a minimum of two years as a care home owner-operator)
  • First-time buyers/new entrants of elderly care homes (operator with less than two years experience/first-time buyer)
  • Specialist learning disability care including children & adult learning centres (a minimum of three years as care home owner-operator, strong links to regulatory bodies and mature operational team)

Children’s day nurseries:

  • Experienced operators (a minimum of two years as children’s day nursery owner-operator)
  • First time buyers/new entrants must meet one of the following criteria:
    • Have a minimum of three years direct experience working in a childcare setting with a senior position (e.g., primary school teachers, nursery setting, childminder, out of school clubs, social workers)
    • Have suitable academic qualifications, such as HNC and HND Childcare and Education, BA Childhood Practice, Health and Social Care

Terms and conditions

  • This offer applies to new commercial owner-occupier mortgage applications received between 26 November 2025 and 31 March 2026.
  • Re-submissions of previously approved applications, further advances or investment loans will not be eligible.
  • Commitment fee will be waived.
  • If your loan completes by 30 June you will qualify for 0.5% cashback of the loan amount, excluding any fees.
  • Offer is subject to standard lending criteria and approval.
  • Cashback will be paid by the end of the second month following legal completion of the loan.
  • This promotion may be withdrawn or amended at any time without prior notice.

Monthly low balance fee

From 1st February 2026 customers whose balance falls below an average of £10,000 will incur a £25 fee. This does not apply to customers who hold an active loan product with Allica Bank. Account fees are based on average account balance and activity status. See more details here.
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Earn up to 4.08% AER1 (variable) on your business savings

Our Savings Pot is an exclusive feature of our Business Rewards Account.

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1 Rate includes standard rate of 3.08% 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 8th August 2025. ‘AER’ stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. See Savings Pot Key Product Information for more details.

To access our Savings Pot, you will need to open a Business Rewards Account.  Terms and Conditions apply.

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Easy to manage

Manage your money easily via our app or online banking, all backed up with UK-based phone support.

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Unlimited withdrawals

Transfer money in or out of your Savings Pot as often as you like.

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No more call queues

All business bank account customers get contact details for their own relationship manager.

Savings Pot

Make the most of your company's spare cash

Our Savings Pot is an exclusive feature of our Business Rewards Account. You can earn up to 4.08% AER1 (variable) on savings while you continue to earn from your spending.

  • Earn up to 4.08% AER1 (variable) on your company’s spare cash
  • Instant access – deposit and withdraw whenever you like
  • Interest paid monthly
  • FSCS protected (eligible deposits only)
BRA-Savings pot
Business savings comparison

Get a top-tier instant access savings rate

Swipe to scroll the table
Instant access rate AER
(variable)
Paid
allica-bowler-hat-white-bg-circle
Allica Bank
Up to 4.08%1
Monthly
hsbc-icon
HSBC
1.57%
Monthly
barclays-icon
Barclays
1.26%
Quarterly
santander-icon
Santander
1.00%
Monthly
tsb-icon
TSB
0.80%
Monthly
natwest-icon
Natwest
1.11%
Monthly

Comparison on 21st May 2025. Interest rates are variable. You must have an Allica business current account to access our instant access rate. Eligibility criteria and T&Cs apply.

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 £120,000 will be protected.

Find out more about your eligibility for FSCS coverage here.

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Group 9
Group 16
Group 8
Group 13

We’re giving established businesses the banking they deserve

Transforming relationship banking with great rates, smart people and powerful technology. It’s a new take on an old idea – just like our orange hats.

Three steps to better
business savings

It'll typically take a few days to open your Business Rewards Account, and we'll be on hand to help with any issues.

1. Fill out the form

Fill out the form below to apply for a Business Rewards Account. We’ll be in touch to complete your application.

2. Open your Business Rewards Account

If everything’s in order, your account should be open within a few days.

3. Add money to your Savings Pot

Open a Savings Pot and deposit money in it to start earning interest.

Important information

Further information about our Business Rewards Account:

Eligibility

Our Business Rewards Account is a current account designed for established businesses who:

  • are incorporated for a minimum of 12 months
  • keep a balance of £50,000 or more in their account
  • or have a loan product with us

See Key Product Information for further information.

Let's put your money to work

Fill out the form and we'll be in touch to complete your application.

Keep in mind: Our Business Rewards Account is designed for established businesses who keep a balance of £50,000 or more in their account. See our eligibility criteria.

 

You’ve got questions. 
We’ve got answers.

Allica’s Savings Pot is part of our business current account – the Business Rewards Account. To access our Savings Pot, you will need to open a Business Rewards Account.

Allica’s Savings Pot earns a standard rate of 3.08% AER1 (variable), which can be boosted by up to 1% with Savings Pot Boosts. This includes a 0.5% boost each month if you make 15 bank transfers the previous month, and a 0.5% boost for six months if you complete a successful switch with the Current Account Switch Service (CASS). See our Savings Pot Key Product Information for more details.

‘AER' stands for ‘annual equivalent rate' and is designed to make it easy for you to compare savings products. It illustrates what the interest rate would be if interest was paid and compounded once each year.

If you typically keep a balance of £50,000 or already have a loan with us, you can transfer money in and out of your Business Rewards Account Savings Pot as much as you like with no monthly fees2. Businesses keeping less than that in the account may incur fees.

Yes. The interest rate on the Savings Pot is variable. If the interest rate decreases, we'll tell you at least 14 days before it changes. If it increases, we'll notify you within 30 days of the change.

Our business current account is designed for businesses who are incorporated for 12 months and typically keep a balance of £50,000 or more in the account, or for existing Allica customers who have a loan with us. Apply online here.

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