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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 3.33% 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 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.

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.

___________

Accountex London 2025

14–15 May | ExCeL London | Stand 164

Discover how we’re changing the game for accountants working with established businesses. If your SME clients are struggling to get the service they need from their bank — whether it’s poor communication, low interest on cash reserves, limited access to finance, or even unexpected account closures — come and see how we’re doing things differently. Visit us at stand 164.

Want to book a time to chat? Email us at accountants@allica.bank.
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Earn up to 4.33% AER1 (variable) on your business savings

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

Apply now
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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. 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 4.33% AER* (variable) on savings while you continue to earn from your spending.

  • Earn up to 4.33% 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
Feature
Interest
(variable)
Paid
allica-bowler-hat-white-bg-circle
Allica Bank
Up to 4.33%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

Interest rates correct as of 21st May 2025. All rates above are variable at the time of writing.

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.

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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 3.33% AER* (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 fees. 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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