Business savings accounts

You work hard for your company's cash. So why not make it work for you, too?

Allica Bank's business savings accounts are an easy way to start earning a great rate on your company's excess funds.

Earn a

top-tier rate


Get one of the most competitive rates on the market


made easy


No paperwork. A simple online application is all we need.

We're with you

every step of the way

Our UK support team is always happy to help.

Our business savings accounts

12-month fixed rate business savings account

1.00% 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

Find out more

24-month fixed-rate business savings account

1.10% 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
Find out more

Need to know

Before applying for an Allica Bank Business Savings Account, remember that:

  • You won't need to change your business's existing current account.
  • You can save between £1,000 and £250,000 in this account.
  • We don't charge any fees for using our savings accounts.
  • You can add/remove account users.
  • Applications are made entirely online. So you’ll need access to a mobile phone and an internet connection.

To be eligible for an Allica Bank Business Savings Account, you should:

  • Be a Limited Company
  • Be based in the UK
  • Have a UK business bank account

In addition, all controlling persons and significant owners must be resident in the UK and over 18 years' old.

How your money is protected



All our savings accounts are covered by the Financial Services Compensation Scheme (FSCS).

This means that, should anything happen to Allica Bank, any deposit of up to £85,000 will be protected.

Find out more about your eligibility for FSCS coverage here.

Getting set-up is simple...


Select the savings account you want to open.


Fill in our simple online application form. We just need to know a little about you, your business and any controlling directors.


We'll check your application and get back to you within a few days.

Why Allica Bank?

Allica Bank exists to empower small and medium UK businesses to succeed. Built using innovative technology, real human relationships and trust will always sit at the heart of what we do.

We are based in Milton Keynes and London, and were granted our UK banking licence in September 2019. Acting with integrity, working collaboratively and being straightforward are the values Allica Bank lives by. We are expert banking for business Britain.

Want to know more? Get in touch

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