NatWest Business Savings Accounts

NatWest Business Savings Accounts

Compare Best UK Business Saving Accounts

Deposit Plan Offer

Looking for a Capital Protected alternative to Cash?

Potential 24.05% after 3 years 

  • Potential 24.05% if the FTSE 100 rises by any amount after 3 years
  • Equivalent to 8.02% per year
  • 3 year term
  • Available as cash ISA, non ISA or ISA transfer
  • Capital Protected – receive your initial capital back at the end of the term no matter how the FTSE 100 performs
Our view: The 24.05% potential return is equivalent to 8.02% growth each year which is significantly more than the current leading longer term savings rates More Plan Details »
Account
Hampshire Trust Bank 95 Day Business Notice Account
Interest Rate
4.50%
Gross/AER
Term
95 Day Notice
Minimum Deposit
£5,000
Account
Aldermore Bank 1 Year Business Fixed Rate Bond
Interest Rate
4.60%
Gross/AER
Term
1 Year
Minimum Deposit
£1,000
Account
Aldermore Bank 6 Month Business Fixed Rate Bond
Interest Rate
4.21%
Gross/AER
Term
6 Months
Minimum Deposit
£1,000
Account
Aldermore Easy Access Business Savings
Interest Rate
3.66%
Gross/AER
Term
Easy Access
Minimum Deposit
£1,000

NatWest Business Savings Accounts

NatWest offer a number of types of business savings accounts to cover a variety of business needs. See our tables to compare business savings options from a range of providers to find the best deal for you.

Some of the NatWest business savings accounts available include:

Instant access accounts
This type of business savings account enables you to either earn interest and bonuses on the profit generated by your business which you keep as surplus, or to earn interest for your business while keeping your cash flow separate from your savings.

Some of the NatWest business savings account deals on offer will allow you to manage your surplus finance through online banking and on the telephone.

Fixed term accounts
NatWest offer three kinds of fixed term accounts or bonds: Treasury Reserve, Corporate Bond and Charity Bonds.

Investments
NatWest also offer two types of savings investment accounts for businesses: Corporate and government bonds and Equity assets.

There are two good reasons why a business savings account, from NatWest or another provider, could be a positive move for your company:

  • It will allow you to more effectively manage the cash flow, or the pattern of how much is coming in and going out, and stay cash flow positive.
  • Having a business savings account could allow you to augment any surplus cash your company has accumulated with a good rate of interest.

Two things should be considered when you are using our product comparison tables to look at different business savings account deals:

  • Whether or not you want to be able to access the savings at any time or have an agreed notice period that you must give (usually in return for a higher rate of interest)?
  • Whether or not the interest rates you are being offered are permanent or part of an introductory period?

The comparison tables will allow you to compare features of NatWest business savings account deals with others from different providers.

Business Savings Accounts are provided by most UK bank and building societies ranging from business instant access accounts to business notice accounts. Some providers also offer business savings bonds which have a fixed savings term.

A business savings account differs from a current account in that it is not used for day to day transactions and therefore the account provider will generally pay interest for money held in the savings account. A business savings account can run along side a current account and with internet banking moving money from a current to a savings account is now fairly straightforward process.

As with many business deposit accounts the terms offered will depend on how much you are looking to deposit the notice period terms, if any, interest payment terms and with some accounts your business turnover. The best high yield business accounts tend to be operated on an online basis where operating costs are kept to a minimum by providers.

For many businesses keeping cash that is not used as immediate working capital in a current account is normally better off in a business savings account. A business savings account will pay interest on either a monthly, quarterly, half yearly or annual basis.

Business savings accounts can be set up by a business with different notice periods to benefit from higher rates of interest e.g. an instant access savings account, a 30 day business notice account and a 180 day business savings account all provide could be used. There are many bank and building society providers who will happily pay competitive rates of interest for the privilege of holding business savings. As a general observation the main high street banks who hold most business savings pay interest at the lower end of the spectrum.

For notice accounts up to 180 days interest rates can be considerably higher, so for businesses that can plan their cash requirements ensuring you are maximising interest through using high yield business accounts should be considered. Depending on the business deposit account interest payment ranges from monthly, quarterly, half yearly to yearly.

For business owners concerned about what happens if the bank or building society holding their money fails, there is protection under the Financial Services Compensation Scheme (FSCS) for smaller businesses. As an indicative guide smaller businesses are protected as long as it meets two of the following criteria: 1. Turnover is not more than £6.5 million 2. Balance sheet total is not more than 3.26 million 3. No more than 50 employees.

Business Instant Access Savings Accounts

Where money can be accessed without any interest penalty charge. The withdrawals process may differ from provider to provider. Some banks or building societies allow you to transfer funds direct into your current account online, while others require a postal or telephone process. Depending on how quickly you need access to funds this should be considered when you select the account right for your business.

Business Notice Savings Accounts

Range from 7 day notice to 180 day notice and will offer higher rates of interest. Interest penalties will generally apply if money is withdrawn within the notice period.

Business Saving Bonds

Are designed for businesses who can tie up money for a set period typically ranging from 6 months to 5 years. These business fixed rate bonds pay attractive levels of interest but you need to be confident capital can be committed for the duration. Often a high minimum balance will apply for these types of longer term business savings bonds.

Alternative Business Savings Plans

As an alternative to business saving bonds you may wish to consider structured deposit plans which range in term from 3 to 6 years. Structured deposit plans normally have their return linked to the stockmarket and therefore can offer higher potential returns than cash. With these plans returns are not guaranteed and there are usually charges for withdrawing capital early.

There is a wide range of business savings account deals to choose from so we have listed some of the features to look out for:

  • Minimum business savings deposits – some business savings accounts require a minimum level of funding
  • Business Savings Access – Depending on the business savings account access will be through the branch, online telephone or post. Some accounts are only available to businesses based in a local areas or regions. Restrictions may apply depending on business turnover
  • Business Savings Interest – some savings account providers will pay interest monthly and others quarterly, half yearly or annually
  • Business Savings Withdrawal Penalties – Generally speaking the longer you can lock your surplus business cash away the better the interest rate you can expect to get. If you need access to your money at short notice interest penalties may apply. Some providers will allow a limited number of penalty free withdrawals a year
  • Savings Protection for Businesses – The Financial Services Compensation Scheme (FSCS) was mainly set up to protect individuals. However some businesses are covered. As an indicative guide to qualify for the scheme a business must meet two of the following criteria to qualify for the FSCS depositer scheme; (a) turnover no more than £6.5 million (b) Balance sheet not more than £3.26 million (c) Total number of employees no more than 50
  • Online Access – A number of business savings providers offer online access and the option of linking your current account to your savings account. This not only makes management easier but also provides an additional security feature

With interest rates at the time of writing at an all-time low the impact in real terms of inflation on your money is not to be underestimated in eroding the buying power of a company’s cash. Use our business savings comparison tables to ensure you get a good savings rate. We also provide selected market leading savings accounts for personal use.

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