An alternative banking solution, offering banking services to people who find it hard to open a regular bank account because of their low credit score. Open an account in 10 minutes without a credit check or proof of address. Get your contactless Mastercard® debit card in 3-5 working days. Choose from three account options: ‘Essential’, ‘Premium’ and ‘Premium Plus'. You can manage your account on the go using the online banking app. Make transfer payments from your e-money account whenever, wherever. You can also set up and manage your Direct Debits and Standing Orders. Get access to exclusive partner deals. Shop and earn with your Suits Me card in-store, online or over the phone you can earn cashback rewards, with no limit. Access to a dedicated Customer Account Manager so you have someone who understands your account and your needs. Your money is protected up to £85,000 by the FSCS. Monthly account fee ranges from free to £9.97 depending on account chosen. Refer your friends to apply and use their Suits Me card, and earn £50 per friend. No limit on the number of friends you refer
Details
Minimum Age
18
UK Resident
Yes
Business Account
FeaturesInternational Payments and Finance Operations
Monthly Fee£0
Account TypeBusiness Account
Business AccountAirwallex
Monthly Fee£0
Account TypeBusiness Account
FeaturesInternational Payments and Finance Operations
Open a global multi-currency account for international business payments in minutes. Create employee and company VISA cards and stay in control of all purchases from a single dashboard, in real-time. Streamline sending payments to suppliers and employees around the world, and access market-leading international FX rates no matter the transaction size: 60+ countries where you can open local currency accounts, 180+ countries from which you can accept payments, 150+ countries to which you can make transfers at interbank rates. 85% transfers arrive within the same day Automate your online bill pay processes in one place. Accept payments from customers around the world via their preferred payment methods – no coding required. End-to-end expense management system. Reconcile your corporate card expenses and reimbursements in one place, gain real-time visibility and control over employee spending, globally. Integrations with other popular platforms like Xero, Amazon, and Shopify. Award winning customer support. Start saving on everyday business expenses. Get rewarded with 10% cashback on your first $1,000 USD equivalent in eligible international card spend. See promotional terms & conditions for more information
Details
Minimum Age
18
UK Resident
Yes
Business Rewards Account
FeaturesGet up to 4.08% AER (variable)* on Integrated Savings Pot & up to 1.5% cashback on card spend
Monthly Fee£0
Account TypeBusiness Current Account
Business Rewards AccountAllica Bank
Monthly Fee£0
Account TypeBusiness Current Account
FeaturesGet up to 4.08% AER (variable)* on Integrated Savings Pot & up to 1.5% cashback on card spend
Earn up to 4.08% AER (variable)* on your company’s spare cash and up to 1.5% cashback on card spend. No monthly fees (if the average balance is less than £10K then £25 monthly fees may incur). Eligible customers are covered by the FSCS for £120,000. Your business must be based in the UK and have been incorporated for at least 12 months and you must have £50,000 minimum balance OR have a loan product with Allica. Businesses keeping less than £50,000 in their account will earn a reduced rate of interest and may incur fees
Details
Minimum Age
18
UK Resident
Yes
Business Account
FeaturesThe all-in-one business account: Scale and save with global payments and smarter spending
Monthly Fee£0
Account TypeBusiness Account
Business AccountRevolut
Monthly Fee£0
Account TypeBusiness Account
FeaturesThe all-in-one business account: Scale and save with global payments and smarter spending
Multi-currency bank account. Hold 25+ currencies. Save money on payments, and exchange at great prices. Save money on currency exchange by locking in rates with forward contracts. Or set alerts for your ideal exchange rates. 100+ countries supported for payments. Take a range of in-person and online payment methods, fast, with tools like Revolut Pay, Revolut Reader, Payment Links and more. Physical and virtual debit cards available. Stay in control with spending limits, analytics, and expenses. Sync your software - set approvals and controls and reconcile rapidly. Account pricing ranges from zero a month for basic plan to £79 a month for full package. Custom plans also available, tailored for larger businesses. 4.9/5 for customer satisfaction. 2024 winner of Finder's Business Banking Customer Satisfaction award
Details
Minimum Age
18
UK Resident
Yes
Business Account
FeaturesAccess to Instant Saver Account paying 4.33% AER
Monthly Fee£0
Account TypeBusiness Account
Business AccountTide
Monthly Fee£0
Account TypeBusiness Account
FeaturesAccess to Instant Saver Account paying 4.33% AER
Open a free Tide business current account using referral code FAIRINVESTMENT and you can then open a Tide Instant Saver account in-app and start saving from just £1 (T&Cs apply). Designed for growing businesses and freelancers. Free account opening in as little as 5 minutes. Free contactless Mastercard. No monthly or annual fees. Free card payments UK and abroad. Free transfers between external accounts for one year (20p per transfer thereafter). Free transfers between Tide accounts. ATM cash withdrawals – £1. Cash Deposits – £1 at Post Office or 3% at PayPoint. 1 in 12 business current accounts opened in the UK was with Tide, within a year launch. Mobile App Features: Sync with accounting software such as Xero, QuickBooks, FreeAgent, Sage, KashFlow and Recko. Overview of your balance and all transactions listed in seconds. Auto categorisation for income and expenditure. Instant switching between separate accounts. Freeze and unfreeze card, get card PIN reminder and order a free replacement in seconds. Create and pay invoices. Access your account on any laptop or desktop
Details
Minimum Age
18
UK Resident
Yes
Business Card
FeaturesPhysical and virtual corporate cards for efficient financial management
Monthly Fee£0
Account TypeBusiness Card
Business CardWallester
Monthly Fee£0
Account TypeBusiness Card
FeaturesPhysical and virtual corporate cards for efficient financial management
Wallester Business smart cards — Instant issuance, flexible settings, payments monitoring, limit set-up — a set of functions for efficient budget control of your company. Pay with the cards wherever you are, accepted in all countries using the VISA payment system. Make payments in EUR with no commission or other convenient currency — the conversion is automatic and made with the most beneficial exchange rate. Issue virtual cards in seconds and manage them in the mobile app. Create an unlimited number of physical cards with delivery to any part of the world. Set personal spending limits on cards. Connect the cards to contactless payment systems (Apple Pay, Google Pay, and others. Wallester Business lifetime access free. No hidden fees, no account or minimum balance fees, unlimited number of users, up to 300 virtual cards included. Onboarding assistance and real-time support
Details
Minimum Age
18
UK Resident
Yes
95 Day Business Tracker Notice Account
Interest AER3.87%
Min deposit£5000
Term95 Day Notice
95 Day Business Tracker Notice AccountHampshire Trust Bank
Winner of Platinum Feefo Trusted Service Award in 2024
Why we like it
Interest rate tracks at a fixed margin above Bank of England Base Rate. Available for: Sole traders – trading in the UK, Limited companies/PLCs/LLPs – incorporated in the UK, Partnerships, Charities – registered in the UK, Clubs and associations, Small local authorities/PCCs/councils, Schools, Religious organisations, Small financial institutions, Credit unions, Trusts. Unlimited withdrawals permitted subject to 95 days notice. FSCS Protected
Winner of Platinum Feefo Trusted Service Award in 2024
Why we like it
Available for: Sole traders – trading in the UK, Limited companies/PLCs/LLPs – incorporated in the UK, Partnerships, Charities – registered in the UK, Clubs and associations, Small local authorities/PCCs/councils, Schools, Religious organisations, Small financial institutions, Credit unions, Trusts. Unlimited withdrawals permitted. FSCS Protected
You must open a Tide Business Account to open a Tide Instant Saver Account. No limits or fees on withdrawals. Eligible deposits with ClearBank are protected up to a total of £85,000 by the FSCS
Details
Minimum Age
18
UK Resident
Yes
1 Year Business Fixed Rate Bond
Interest AER4.00%
Min deposit£5000
Term1 Year
1 Year Business Fixed Rate BondHampshire Trust Bank
Winner of Platinum Feefo Trusted Service Award in 2024
Why we like it
Available for: Sole traders – trading in the UK, Limited companies/PLCs/LLPs – incorporated in the UK, Partnerships, Charities – registered in the UK, Clubs and associations, Small local authorities/PCCs/councils, Schools, Religious organisations, Small financial institutions, Credit unions, Trusts. No withdrawals permitted. FSCS Protected
Details
Minimum Age
18
UK Resident
Yes
2 Year Business Fixed Rate Bond
Interest AER3.90%
Min deposit£5000
Term2 Years
2 Year Business Fixed Rate BondHampshire Trust Bank
Winner of Platinum Feefo Trusted Service Award in 2024
Why we like it
Available for: Sole traders – trading in the UK, Limited companies/PLCs/LLPs – incorporated in the UK, Partnerships, Charities – registered in the UK, Clubs and associations, Small local authorities/PCCs/councils, Schools, Religious organisations, Small financial institutions, Credit unions, Trusts. No withdrawals permitted. FSCS Protected
United Trust Bank was incorporated in 1955 and is an established, specialist lender providing a variety of funding facilities for individuals and businesses as well as competitive deposit accounts for individuals, businesses and charities.
Compare United Trust Bank savings accounts:
Compare latest United Trust Bank savings accounts with the UK saver market. We compare instant access, easy access, notice and fixed rate cash saving plans to help you get the best deal.
If your main goal is to get the best interest rate possible, you should look at keeping at least some of your savings in a current account. These usually offer some of the best returns, but only on smaller amounts.
If your savings exceed the interest ceiling on your current account, you will likely need to spread your money across a few different types of accounts to get the best overall return.
Savers who valuable flexibility will probably do best with an instant access account. This lets you add and remove money at your convenience, although you may only be allowed so many withdrawals per year.
Some instant access accounts offer a cash card for use at ATMs while most will allow you to make transfers online and by phone.
If you have a sizeable sum that you do not need to use in the immediate future, a fixed rate bond can offer the best return. They work by giving you a fixed, usually very favourable, rate of interest for a set period, during which you cannot access your money.
Fixed rate bonds generally last for around 1-5 years and the longer the term of the bond, the higher the interest rate you are likely to get.
ISAs are designed to allow UK taxpayers to earn interest on their savings without paying tax on that interest. There is a yearly limit on how much you can place in an ISA, which for 2020/21 is £20,000.
ISAs are normally one of two sorts – instant access and fixed term. Instant access cash ISAs give variable interest rates and you can get at your money whenever you need to. Fixed term cash ISAs offer guaranteed interest rates for a set period during which you cannot add or withdraw money from your account.
Although you won’t pay tax on the money you earn on an ISA, the interest rates they offer tend to be lower than for some other kinds of savings accounts. This means you need to carefully calculate what you will save in tax and compare this to the interest you are likely to lose out on by not going for an account with a higher rate.
