A business savings account is a deposit account that lets a business set aside surplus funds separately from its day to day account and earn interest on the balance.
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
How a business savings account works
A business savings account holds funds that a company does not need for immediate operating expenses. It is separate from the business current or checking account used for daily transactions, and it usually pays interest on the balance. Money is typically moved between the savings account and the main account by transfer rather than by card or cheque, current as of 16 January 2026.
Types of business savings account
Providers offer several formats. An instant access or easy access account lets a business withdraw funds at any time, usually at a lower rate. A notice account requires a set number of days notice before a withdrawal, often in exchange for a higher rate. A fixed term deposit locks funds away for a set period at a fixed rate. The right format depends on how soon the business expects to need the cash.
Why it matters to a business
Holding surplus cash in a savings account can earn interest that an operating account may not pay, while keeping the money available for planned costs, tax bills, or a reserve. Rates, minimum balances, access terms, and whether deposits are covered by a deposit guarantee scheme change and vary by country and provider, so confirm current details with the provider.
Frequently asked questions
What is a business savings account?
How is a business savings account different from a business current account?
Do business savings accounts pay interest?
Are business savings deposits protected?
Definitions, fees, features, and eligibility change and vary by region. This page was last reviewed on 16 January 2026. Confirm current terms with the provider before applying.