Business Savings Accounts

Make sure your savings work as hard as you do for your business. Explore our selection of fixed and flexible savings accounts designed for small businesses below.

Our most popular accounts

4.25% AER
3.15% AER

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

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.

Fixed rate savings accounts

Secured interest rates over a fixed term. Perfect for long-term business planning.

Our business savings accounts

4.25% AER
3.15% AER
3.55% AER
4.10% AER
4.50% AER
4.40% AER
4.30% AER
3.25% AER
3.15% AER

Important 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 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

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.

Steve Pateman

Steve has had an extensive executive career in banking leading corporate and commercial banking businesses at RBS/NatWest, managing Santander’s UK banking businesses and as CEO of Shawbrook Bank, Hodge Banking Group and most recently successfully leading the banking licence application for StreamBank.

He is a non-executive Director at Bank of Ireland both in the UK and Dublin and Thin Cats, a specialist SME lending business and is retained as an advisor to Black Lion Ventures. He was previously President of the Chartered Banker Institute.

Steve took up the role of Chair (subject to regulatory approval) at Recognise Bank in November 2024, having served as an Investor Non-Executive Director since January 2024.