Save smart with
Business Saver
4.00% AER
Save from £1 to £10,000,000 with flexible access to your money whenever you need it** Please read the before applying.
Features and benefits
Easy access to your business savings
Pay in from £1 up to £10m
Earn 4.00% AER* variable, paid monthly at 3.93% gross p.a.
Up to 10 people in your business can manage your account
Eligible deposits are protected up to £85,000 by the Financial Services Compensation Scheme
Perfect if you want easy access to your savings
Important things to know
To apply for Business Saver you must be:
A sole trader, partnership, limited liability partnership or limited company
Over the age of 18.
Based in the UK and registered with Companies House where applicable.
What you'll need to open an account:
A nominated account which must be a business current account in the same business name.
Details of the other applicants (shareholders with a shareholding of 10% or more must be added).
How to withdraw funds:
You can make unlimited requests to withdraw your money at any time.**
You won't be charged a fee for withdrawals.
Withdrawals can only be made through Online Banking.
Apply for Business Saver account
Business Saver terms and conditions
Download and readGet started now
Apply nowImportant product information
Earn 4.00% AER variable paid monthly at 3.93% gross p.a.
Interest is calculated daily on the cleared balance in your account and paid into your account monthly, on the date your account was opened.
This interest rate applies to accounts opened on and after 4:00pm Tuesday 23 January 2023.
Yes, the interest rate may change.
Please note that if we increase the interest rate of your Business Saver issue, we may make the change immediately and notify you within a reasonable time afterward, either by email or on our website.
If we reduce the interest rate we will notify you 14 days before the change is made. If the Balance of your account is less than £100, we will not be required to give you notice ahead of making a change.
Please see the for further details.
| Deposit at account opening | Estimated balance after the first 12 months | Estimated balance after 24 months |
What would the estimated balance be after 12 months based on two example deposit amounts? | £1,000.00 | £1,040.02 | £1,081.75 |
£100,000.00 | £104,001.56 | £108,174.86 |
This example is for illustrative purposes only and not based on individual circumstance. It also assumes:
• No further deposits or withdrawals are made.
• There's no change to the interest rate.
Business Saver customers who are 18 or over and a UK resident can open an account online.
You will need:
The mobile phone number and email address for all signatories on the account
Details of a UK business current account in your same business name. This will be your 'nominated account'. All deposits must come from this account and all withdrawals will be paid to this account.
The minimum initial deposit is £1 and you can deposit up to £10 million in this account.
It’s important we receive your initial deposit within 14 days from opening the account online.
You can only use Online Banking to manage your account and make withdrawals.
For added security, when you use Online Banking, you’ll need to download and register our Authenticator App (available for free on Google Play or the Apple App Store) or request a Digipass®.
You will need access to the Authenticator App or Digipass every time you login and make any actions on your account. This added security step helps us know that it is you making the transaction so we can keep your account safe.
You may contact us by Secure Message via Online Banking, by telephone or in writing.
You can make unlimited requests to withdraw your money at any time.
You won't be charged a fee for withdrawals.
All withdrawals under £50k will be paid into your nominated account using Faster Payments. Payments over £50k will be sent via CHAPS.
Withdrawals over £50k made before 3.30pm on a working day will arrive in your nominated account by the end of the next working day. Withdrawals over £50k made after 3.30pm or at the weekend will arrive no later than the end of the 2nd working day.
At times, it may be necessary for your payment to be put through some additional security checks, to make sure it’s genuine. This means it might take a little longer than usual to reach its recipient. Please don’t attempt to make the payment again while these checks are taking place.
Interest will be paid without deduction of tax. You will need to deduct tax yourself by declaring it as part of your annual tax return.
We may periodically launch new savings product issues which are given designated issue numbers. Individual product issues each have their own interest rate, these may vary from the prior/proceeding issues; either upwards or downwards.
We publish all current and historic issue interest rates on our website and in Online Banking.
You can only have one linked nominated account which must be used to send all deposits to and from your Business Saver.
Any deposits not received from your nominated account will be returned to the originating UK Bank/Building Society. If processed on a non-working day may be subject to a delay.
Other ways to apply
Contact your Cynergy Bank Customer Relationship Manager or our to process your application swiftly.
Click here to continue an application you started earlier. Please note that started applications will be cancelled after 14 days if not completed.
stands for annual equivalent rate and illustrates the interest rate if it was paid and compounded once each year.
Daily payment cut-off times apply.
*** Terms and conditions apply. Subject to meeting the customer acceptance policy.
Ways you can contact us
Secure message
Send us a secure message by logging into .
Email us
using our online form.
