Fixed Rate Business Savings Accounts

These accounts offer competitive, secured interest rates over a fixed term. Perfect for long-term business planning.

What is a fixed rate savings account?

A fixed rate savings account offers an interest rate which doesn’t change, unlike easy access and notice accounts. In return for this stability, you agree not to access your funds for a set period of time. They are the perfect option for businesses who do not need immediate access to their funds and can often enjoy better interest rates than other types of accounts.

At Recognise Bank, you can start a fixed rate savings account with as little as £1,000.

Our business savings accounts

4.50% AER
4.10% AER

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.

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


All eligible deposits are protected up to £85,0002.

set up

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


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

interest rate

Our accounts pay a guaranteed interest rate, regardless of changes to the Bank of England base rate.

Don’t take our word for it. See why our customers love us:

Our range of business savings account types

Easy access savings accounts

Earn competative rates and get access to your funds whenever you like.

Notice savings accounts

Savings account which requires you to give a set period of notice before withdrawing funds.

Important information

Make sure you read our general terms and conditions and product terms and conditions 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.

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

£1,000. This threshold ensures a solid foundation for your business savings journey.

  • £250,000 for Limited Companies and LLPs.
  • For all other business entities, the maximum deposit is £85,000.

No. Businesses cannot withdraw money from a fixed savings account until maturity, in accordance with the product summary sheet.

Locking your business’s money away for a set period can have significant benefits. Here’s a rundown:

  • Better Planning
    Businesses that know how much interest they will earn on their savings can plan future years’ cash flow better.

  • Protection against interest rate fluctuations
    Fixed term savings accounts offer businesses full protection against interest rate fluctuations, preventing lower rates from eating into returns.

  • More competitive rates
    Locking money away for a pre-agreed period allows businesses to access more competitive, higher rates.
  • Fixed rate savings accounts offer a guaranteed interest rate for a set term, providing stability and predictability in returns. Once you deposit your funds, they typically remain locked until the end of the term, and early withdrawal often incurs penalties.
  • Notice savings accounts require you to give advance notice before withdrawing funds. While they offer more flexibility for accessing your money compared to Fixed Rate accounts, the interest rates can fluctuate and are not guaranteed for any period.

No, the interest rate is fixed from the date initial deposit is paid into your account.

At the end of the term, you will have options such as reinvesting in another fixed rate term, transferring to a different type of account, or withdrawing your funds, including the interest earned.

Can't find what you're looking for?

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