| Name | Logo | Interest Rates | Minimum Balance | GMG Rating | Customer Reviews | CTA | Tag | Feature | Expand |
|---|---|---|---|---|---|---|---|---|---|
 | Interest Rates 3.25% | Minimum Balance £0 | GMG Rating | Customer Reviews | Recommended | Added value:
| Earn up to 3.3% AER (variable) interest paid daily. No withdrawal fees. No minimums. Access anytime. Savings T&Cs apply. Revolut Business Banking Expert Review: Join and get a £10 welcome bonus Provider: Revolut Business Bank Account Verdict: Revolut Business is one of the most powerful digital banking platforms for companies that operate internationally or want modern financial tools. The combination of multi-currency accounts, automated expense management, and accounting integrations makes it particularly attractive for startups and fast-growing businesses. What is the Revolut Business Bank account? Revoluts Business account is a digital banking platform designed for startups, SMEs, and larger companies that need fast, flexible financial tools. Rather than functioning like a traditional high street business bank account, Revolut focuses on global payments, multi-currency accounts, and automated expense management through its app. Businesses can send money internationally, manage spending with corporate cards, integrate accounting software, and accept payments online or in person. How much does Revolut business banking cost? Revolut Business accounts are subscription-based, with pricing depending on how many features and transaction allowances your company needs. The Basic plan starts from £10 per month, while the Grow plan costs from £30 per month and includes higher limits and additional expense management tools. The Scale plan starts at £90 per month, offering larger foreign exchange allowances and expanded global payment capabilities. Large organisations can also create a bespoke Enterprise plan with tailored pricing. Each plan includes a set allowance of free transfers and foreign exchange at the interbank rate during market hours, after which fees apply. For businesses that regularly send international payments or manage multiple currencies, these allowances can make the account significantly cheaper than traditional banks. Is Revolut good for business banking? One of the main attractions of Revolut Business is its multi-currency capability, allowing companies to hold and exchange more than 25 currencies and send transfers to over 150 countries. Businesses also receive IBAN and SWIFT details to receive payments globally. Revolut integrates with accounting tools such as Xero, Sage, and QuickBooks, helping automate reconciliation and expense tracking. The account also includes team spending controls, allowing businesses to issue physical and virtual cards to employees while setting approval limits and monitoring expenses in real time. Companies can also accept payments online, via payment links, or in person using Revolut’s payment tools. Is Revolut Business safe? Revolut Business is regulated by the Financial Conduct Authority as an electronic money institution in the UK, rather than a fully licensed bank. This means customer funds are safeguarded with partner banks or held in secure liquid assets, rather than protected under the Financial Services Compensation Scheme. While this safeguarding structure protects funds if Revolut were to fail, it does not provide the same guarantee as FSCS protection. However, because it is not yet a fully licensed UK bank, some companies may still prefer a traditional business account for holding large balances. For businesses focused on global payments and efficiency, though, Revolut Business remains one of the most innovative options available. Pros
Cons
Overall4.8 | ||
 | Interest Rates 4% | Minimum Balance £1 | GMG Rating | Customer Reviews | Added value:
| Earn up to 4% AER variable interest with monthly payments. Start savings from just £1 with instant access to your funds. Tide Expert Review: Get £100 cashback when you open a Tide business bank account Provider: Tide Verdict: Tide is one of the best digital banking platforms for freelancers and small businesses that want a low-cost, app-based business account with built-in accounting tools. The free plan keeps costs low for smaller businesses, while paid plans provide more advanced features as companies grow. Is Tide a good business bank account? Tide offers a digital business bank account designed primarily for freelancers, contractors and small businesses. The account can be opened in minutes through the Tide app and includes tools to help manage payments, expenses and accounting in one place. One of the main attractions is that the basic business account has no monthly fee, making it one of the most accessible business banking options for UK startups and sole traders. Is Tide’s business bank account free? Tide’s Free plan costs is free, but users pay small transaction fees depending on how they use the account. For example, the free account includes five free bank transfers per month, after which transfers cost 20p each, while ATM withdrawals cost £1 per withdrawal. Cash deposits at the Post Office cost 0.99% (minimum £2.50). Businesses that need more features can upgrade to paid plans.
Tide’s paid accounts offer more free transfers, additional accounts, enhanced team access come with lower transaction fees, particularly for international payments and foreign currency transactions. What is Tide good for? Tide focuses on simplifying financial admin for small businesses. The platform includes built-in accounting and tax tools, including free Making Tax Digital (MTD) filing for HMRC. Transactions are automatically categorised, helping businesses track spending and prepare accounts more easily. Businesses can also send invoices, create payment links, accept in-person payments using a card reader, and issue expense cards for team members. Tide integrates with accounting software such as Xero and QuickBooks, making it easier to share financial data with accountants. Another useful feature is the Tide Instant Saver account, which can pay up to 4% AER (variable) for the first four months, before reverting to lower rates depending on the plan you hold. However, businesses that handle large numbers of transactions may find the pay-as-you-go fees on the free plan add up, meaning upgrading could be worthwhile. Overall, Tide is a strong choice for startups looking for simple, modern business banking. Is Tide a bank and is your money safe? Tide itself is not a bank, but its business current accounts are provided through ClearBank, a fully licensed UK bank. This means eligible deposits are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per business, giving similar protection to traditional banks. However this amount is spread across all other accounts that may be held at ClearBank. Pros
Cons
Overall4.8 |
Choosing the right business savings account comes down to balancing access, interest rates and certainty, and many businesses use a mix of different accounts to manage their cash more effectively.
Businesses can choose from several different types of savings accounts depending on how quickly they need access to their money and how much interest they want to earn. Some accounts prioritise flexibility, while others reward businesses for locking funds away for longer.
Business Savings Accounts FAQ:
What is a business savings account?
This is a savings account designed specifically for businesses (limited companies, sole traders, partnerships) to hold surplus cash and earn interest. It’s separate from a business current account and usually has limited withdrawals but better interest rates.
Can a business have a savings account?
Yes. Most UK banks and fintechs allow businesses to open savings accounts, either alongside a business current account or as a standalone product. Eligibility depends on business type and turnover.
Should a business have a savings account?
Often, yes. A business savings account is useful for:
- Earning interest on cash not needed day-to-day
- Ring-fencing money for tax, VAT, or future expenses
- Improving cash management rather than leaving money idle in a current account
It’s not essential, but sensible if the business regularly holds spare cash.
Can I use a savings account as a business account?
Generally, no. Personal savings accounts are not meant for business use and most banks’ terms explicitly prohibit this. They lack features businesses need (payments, invoicing, multiple users) and can be frozen if misused.
Can I use a savings account for business?
If this means a personal savings account, the answer is usually no.
If this means a business savings account, then yes — but only for storing money, not for day-to-day trading like paying suppliers or receiving customer payments.