Business Savings Account

Business Easy Access Account Issue 1 – Earn 3.15% AER

Enjoy the best of both worlds with great rates and total flexibility to access your funds whenever you need.

Gross annually
Gross monthly
Min balance
Max balance

Opening an account is easy. Here's what to expect:

FSCS Protection

All deposits are protected up to £85,0002.

Simple set up

Easily open an account in minutes and manage your savings anytime, anywhere online.

Excellent rating

Our savings accounts are award winning, and our customers have rated us excellent on Trustpilot.

Complete control

Total freedom to move your money in and out.

Key information about this account

Account name Business Easy Access Account- Issue 1 What is the interest rate?
Annual Interest Monthly Interest
Gross AER Gross AER
3.15% 3.15% 3.11% 3.15%
Interest is calculated daily. You can choose to have your interest paid monthly or annually:
  • If you choose to have your interest paid monthly, interest will be paid on the same date each month that you first paid money into your Account.
  • If you choose to have your interest paid annually, interest will be paid on the anniversary of the date you first paid money into your Account.
You can choose to have your interest paid into your Recognise Business Easy Access Account or your Nominated UK Business Bank Account.

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Yes, the interest rate is variable.

We can vary the interest rate for any of the reasons that we set out in the product terms and conditions. For example:

  • If the Bank of England Official Base Rate changes
  • If there is a change in market conditions
  • If there is a change in regulation or legislation

Rest assured; we will always let you know of any planned changes to the interest rate in accordance with our terms and conditions.

  • Minimum: £1,000
  • Maximum for Limited Companies and LLPs: £250,000
  • Maximum for all other eligible businesses: £85,000

An easy access savings account is a type of account that lets you save money and earn interest with few restrictions. You can deposit and withdraw money without notice or penalty, and you can open an account with a small amount of money – only £1,000 with Recognise Bank.

The interest rate on an easy-access savings account is variable and can change with the Bank of England (BoE) base rate.

Easy access savings accounts are suitable for businesses looking for quick and easy access to their money. However, they offer lower interest rates compared to accounts where you must give notice before making a withdrawal.

If you are interested in viewing alternative savings accounts which offer a higher interest rate, check out our notice and fixed rate products which can be found on our business savings hub page.

Yes. Businesses can access their funds from their account at any time, with no notice period required.

While this account offers flexible access to funds , it’s essential to review terms for any interest implications when withdrawing substantial amounts.

Easy access savings accounts can benefit your business by:

  • Providing access to your money at any time
    Your business will have total flexibility to make withdrawals or deposit funds at any time.
Opening and managing an account is easy with Recognise Bank. Simply apply online or call a member of our team for advice on how to get started.
  1. Click apply now
  2. Follow the onscreen instructions and provide us with some details about your business and existing UK account information.
  3. Make your first deposit within 14 days
  4. That’s it! Watch your business savings grow.
 Annual InterestMonthly Interest
Initial DepositInterest EarnedBalance after 12 monthsInterest EarnedBalance after 12 months

The calculation assumes that:

  • Your initial deposit is paid into the account on the day it is opened.
  • It is not a leap year.
  • No further deposits or withdrawals are made during the 12 month period.
  • The interest rate does not vary during the 12 month period.

The calculation is for illustrative purposes only and does not consider your individual circumstances.

Cut-off times for deposit and withdrawal instructions refer to the latest time of day you can issue an instruction before it rolls over to the next day. Cut-off times for business savings accounts depend on the product terms and conditions.

Recognise Bank’s cut-off time for withdrawals is 2pm. If you request a withdrawal before that time, we will action the request on the same day.

We will do it on the following business day if you request it after that time.

Please be aware you are required to make your initial deposit within 14 days of opening your account.

All our savings accounts are covered by the Financial Services Compensation Scheme (FSCS). This means that, should anything happen to Recognise Bank, any eligible deposit of up to £85,000 will be protected.

Important information

Make sure you read our general terms and conditions, product terms and conditions and product summary before opening an account.

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.

Check that you meet our criteria:

Recognise your potential

We believe business shouldn’t be held back by a bank.

That’s why we’ve made it our mission to create a fully licensed digital bank which puts relationships first.

We work with businesses not against them. And we aim to be as flexible as possible with all of our offerings and services, no matter what your business needs. It’s why our customers, brokers and partners love working with us.

Explore our range of award winning savings accounts, business loans, and specialist mortgages today and let us help your business thrive.

Don’t take our word for it, read our reviews

Frequently asked questions

When you deposit money into a savings account, your bank will pay interest into your chosen account either monthly or annually.

The amount of much interest you earn depends on the type of savings account and in accordance with the terms and conditions.

Fixed interest rates – will not change for the duration of your account term and will not be affected by the Bank of England Base Rate.

Variable interest rates – the interest is not set and can go up and down, often influenced by the Bank of England Base Rate.

Interest is calculated on a 365 day year basis and in a leap year we add an extra day of interest on the 29 February, which is included in the next interest payment made to your account following that date.

Interest rates applicable to your respective Recognise business savings account type can be found within the Summary Box.

Yes, you are permitted to have more than one easy access savings account.


Our business savings accounts are protected up to a total of £85,000 per eligible deposit by the financial services compensation scheme (FSCS). For further details, please visit


Our business easy access savings account allows you to withdraw without notice, free of charge. There are no maximum withdrawal limits, although a minimum withdrawal amount of £500 applies.

Can't find what you're looking for?

Check out our savings FAQs or contact us for additional support.