Business Savings Accounts
Save smarter with Recognise Bank
Grow your savings whilst growing your business through our range of competitive savings accounts. Whether you need instant access to your funds or you’re happy to wait and watch them grow, Recognise Bank has you covered.
All our savings accounts are completely free to use, quick to set up and eligible accounts are FSCS Protected (up to £85,000).
Enjoy competitive interest rates and deposit between £1,000 and £250,0001 today.
AER stands for annual equivalent rate and illustrates the interest rate if it was paid and compounded annually each year.
Gross is the interest rate payable before tax is deducted.
Your eligible deposits with Recognise Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme. Visit the FSCS website to see how your money is protected. To check how much of your money is protected by the FSCS, you can also visit the FSCS protection checker at Bank & savings protection checker | Check your money is protected |FSCS
Frequently asked questions
Yes, you can open a savings account with Recognise Bank online.
Please note you must make your initial deposit within 14 calendar days of your account opening or as otherwise set out in your product terms and conditions.
To operate your account, you’ll need to link it to a nominated UK business bank account. You’ll need to give us the details of your nominated business bank account when you apply for your account.
You can withdraw and deposit funds between these two accounts, subject to the product terms and conditions.
All deposits must be in pound sterling (£) and made by Electronic Transfer from your nominated business bank account, or by transfer from an existing Recognise business savings account held by your business.
Where your Product Terms and Conditions allow it, you should be able to make a same-day withdrawal to your nominated business bank account, provided the withdrawal is made before 2pm on any business day. Withdrawals made after 2pm will be processed on the next business day. You can only make withdrawals in pound sterling (£).
Your nominated business bank account must be a UK business bank account and must be in the same business name as your Recognise business savings account. Your nominated business bank account must be the account from which you make payments to and from your Recognise business savings account. You can only have one nominated UK business bank account allocated to your Recognise business savings account.
Your eligible deposits with Recognise Bank are protected by the Financial Services Compensation Scheme (FSCS).
You can view our historic interest rates here.
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