Change your business address
If you're a full access user, you can update your business, registered, mailing and personal addresses within Online for Business and the Business banking app.
Business savings accounts
Planning for future growth or setting cash aside just in case? Get the best savings account for your business strategy.
- Find the best business savings account for you – easy access, notice period or fixed term deposit accounts.
- Open a savings account online in just a few minutes if you already bank with us.
Compare our business savings accounts
Fixed Term Deposit Account
1.31% - 2.05% AER¹
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Lock money away for an agreed term.
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Get a fixed rate of interest for the length of your term.
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Deposit at least £10,000 and up to £5 million.
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Earn 1.30% - 2.04% Gross p.a.²
Notice accounts
1.87% - 2.66% AER¹
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Choose a 32 or 95-day notice period to withdraw money.
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Get a variable rate of interest set by Lloyds Bank.
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Deposit at least £10,000 and up to £5 million.
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Earn 1.85% - 2.63% Gross p.a.²
Instant Access Account
0.60% - 1.41% AER¹
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Access your money anytime you need it.
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Get a variable rate of interest set by Lloyds Bank.
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Start small and grow your savings alongside your business.
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Earn 0.60% - 1.40% Gross p.a.²
Interest rates stated above for fixed term deposits and notice accounts are available as at 19/12/2025 and expire on 05/02/2026 and may be subject to change.
1 AER – The AER stands for Annual Equivalent Rate and is the notional rate, which illustrates the gross rate as if paid and compounded on an annual basis. As every advert for a savings product will contain an AER, you’ll be able to compare more easily what return you can expect from your savings over time.
2 Gross Rate – Gross rate means that no tax will be automatically deducted from interest on your behalf. You are responsible for paying any tax due to HM Revenue and Customs.
Apply for a business savings account
Get your extra cash working harder. Apply for the best business savings account for your needs.
Explore more from business savings
Frequently asked questions
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A business savings account can offer you a higher interest rate than your business account. This might be ideal if you have extra cash or you’re saving up for something specific for your business.
It’s worth thinking about how quickly you might want to access this money. You have several options to choose from, including instant access savings, notice accounts and fixed term deposits – with different interest rates and terms for each account type.
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Think about how quickly you might need to access your money. With an Instant Access Account, you can withdraw exactly what you need whenever you want it. But it will usually have a lower interest rate than fixed term or notice accounts.
You should also consider the return you’ll make. If you’re able to lock your money up for a longer period, you’ll usually get a higher interest rate. Carefully compare the options available to you.
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Our business savings accounts are quick and simple to apply for. If you’re an existing customer, all you need to know is the amount you want to save and your email address.
You can apply for a business savings account in minutes using the business banking app or Online for Business.
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It’s possible to earn some interest on your savings and not pay tax on it. But this depends on the type of account you have – whether you’re a sole trader or run a limited company, for example.
You’ll need to declare any interest you earn when you complete your tax return and you’re responsible for paying any tax due to HM Revenue and Customs. We pay the gross rate of interest, which means that tax will not be automatically deducted from interest on your behalf.