Business Savings Accounts
- Earn up to 4.00% AER
- No monthly fees
- Quick and simple online set up
Product spotlight
1 Year Fixed
- Simple online application
- Peace of mind protection from downward rate changes
Easy Access - Issue 2
- Simple online application
- Total flexibility to access your funds
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.
Don’t take our word for it. See why our customers love us:
Our range of business savings account types
Fixed rate savings accounts
Secured interest rates over a fixed term. Perfect for long-term business planning.
Easy access savings accounts
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.
Our business savings accounts
1 Year Fixed
- Secure your interest rate for 12 months
- Simple online application
- FSCS Protection up to £85,0002
- Up to 4 people in your business can manage your account
95 Day Notice - Issue 3
- Access your funds with just 95 days’ notice
- Grow your savings by making regular deposits
- Simple online application
- FSCS Protection up to £85,0002
Easy Access - Issue 2
- Minimum deposit of £85,001
- Instant access to your money
- Grow your savings by making regular deposits
- Simple online application
- Up to 4 people in your business can manage your account
Easy Access - Issue 1
- Instant access to your money
- Grow your savings by making regular deposits
- Simple online application
- FSCS Protection up to £85,0002
- Up to 4 people in your business can manage your account
35 Day Notice - Issue 1
- Access your funds with just 35 days’ notice
- Grow your savings by making regular deposits
- Simple online application
- FSCS Protection up to £85,0002
180 Day Notice - Issue 2
- Access your funds with just 180 days’ notice
- Grow your savings by making regular deposits
- Simple online application
- FSCS Protection up to £85,0002
6 Month Fixed
- Secure your interest rate for 6 months
- Simple online application
- FSCS Protection up to £85,0002
- Up to 4 people in your business can manage your account
120 Day Notice - Issue 2
- Access your funds with just 120 days’ notice
- Grow your savings by making regular deposits
- Simple online application
- FSCS Protection up to £85,0002
7 Day Notice - Issue 1
- Access your funds with just 7 days’ notice
- Grow your savings by making regular deposits
- Simple online application
- FSCS Protection up to £85,0002
Important information
- You can deposit between £1,000 and £250,000 in our business savings accounts.
- Please note that only Limited Companies and LLPs can deposit above £85,000.
- Your money is FSCS protected up to £85,000 on all eligible deposits.
- We don’t charge fees – you can open an account for free and benefit from daily customer support.
- Interest is paid into your nominated UK bank account or the respective Recognise Bank savings account monthly or annually – the choice is yours.
- Our accounts are available to UK Sole Traders, Partnerships, Limited Liability Partnerships (LLPs) and Limited Companies with fewer than 250 employees and either assets of less than £37.5 million and / or turnover of less than £43.5 million – see our eligibility criteria for more information.
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 for individuals (and £170,000 for joint accounts) by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme. This means in the unlikely event that Recognise Bank were to fail or become insolvent, any deposits you hold below this limit will be protected under this scheme. For more information visit www.fscs.org.uk.
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.
Can't find what you're looking for?
Check out our savings FAQs or contact us for additional support.
1Currently, only LLPs and Limited Companies can deposit over £85,000.
2FSCS Protection up to £85,000 on your eligible deposits.
