Business savings accounts
with bigger earnings

Earn interest on any extra funds your business has by opening an OakNorth business savings account.

See our accounts

Start earning interest on your business savings

If your business has some surplus cash – even if it’s only for a few months – why not put it in an OakNorth business account and earn competitive interest rates? We’ve got fixed term, easy access and notice accounts, so you can save for your business in a way that suits you.

Business Fixed Term Savings Accounts
RATE

0.30% - 0.45% AER/gross

TERM

6 to 12 months

Business Notice Savings Accounts
RATE

0.20% - 0.40% AER/gross

TERM

35, 60, 95 and 120 days

Business Easy Access Savings Accounts
RATE

0.10% AER/gross

TERM

Next day access

Key information about our business savings accounts

You must be 18 or over to open an account.

You must be a business owner.

You must have business funds to deposit.

You must have been registered with HMRC for at least three years.

The minimum deposit amount in a single account is £10,000.

The maximum deposit amount across multiple accounts is £1,000,000.

You need to fund your account within 14 days of its approval.

You can only deposit funds into your account from an account held in your business’ name.

protection
Protection for peace of mind

As a fully-licensed bank, we offer the same level of protection as the traditional high street banks. When you save with us your money is protected up to £85,000 by the Financial Services Compensation Scheme (FSCS).

fscs
green padlock

Simple savings for your business

Applying for your business savings account is quick and easy. Once you’ve decided on the best account for your needs, apply within a few minutes online.

FAQs

Similar to a personal savings account, a business savings account allows you to save money and earn competitive interest rates to help grow your funds. The longer you can lock your money away for, the more interest you can earn.

If you’re a limited company or partnership you can apply for an OakNorth business savings account straight from our website using this online application form.

Yes, you can open multiple business accounts as long as the minimum balance is at least £10,000 and the maximum balance across all your accounts does not exceed £1,000,000.

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