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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.

¹ Rate includes standard rate of 2.83% 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 and a 0.25% Welcome Boost for 3 months for new customers who deposit £50,000+ into their Savings Pot within 14 days. Rates correct as of 19th December 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.

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

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Instant access rate AER

(variable)

Paid

Allica Bank

Up to 4.08%¹

Monthly

HSBC

1.57%

Monthly

Barclays

1.26%

Quarterly

Santander

1.00%

Monthly

TSB

0.80%

Monthly

Natwest

1.11%

Monthly

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:

Limits, Fees, and Industry Restrictions;
Rewards Account Key Product Information;
Rewards Account Terms and Conditions;
Savings Pot Key Product Information;
Savings Pot Supplemental Terms & Conditions.

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.

What type of savings account is this?

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.

What interest rate can I get with Allica?

Allica’s Savings Pot earns a standard rate of 2.83% 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.

What is AER?

‘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.

Can I access my money at any time?

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 fees*. Businesses keeping less than that in the account may incur fees.

* Customers whose balance falls below an average of £10,000 in the previous month will incur a £25 monthly fee. This does not apply to customers who hold an active loan product (including an overdraft) with Allica Bank. Account fees are based on average account balance and activity status. See more details here.

Can the interest rate change?

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.

How can I open a Business Rewards Account?

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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