Insights

What is a Business Deposit Account?

When it comes to business finances, savings often get overlooked. But just like with personal finances, setting money aside is essential - whether you're building a buffer or planning for growth.

A Deposit Account offers a smart, secure way to earn interest on your funds. And at Bank of London, we go a step further: unlike other banks, all deposits are held 100% of the time at the Bank of England. We don’t lend or leverage client money. It stays safe, while working for you.

Cutting through the noise

Let’s face it: the deposit account market is crowded. Between rates, terms, and access rules, it can get confusing fast.

That’s why we keep things simple, offering two types of Deposit Accounts:

Easy Access
Notice Savings

Each gives you flexibility and interest - without tying your hands.

How Business Savings Accounts Work

When you deposit funds with us, we hold them securely at the Bank of England. Unlike other banks, we never lend them out. Instead, we earn a small return - and share it with you as interest.

The more notice you give us, the better your rate. Our 90-day and 180-day Notice Accounts reward that certainty.

Prefer faster access?

Our Easy Access account gives you withdrawals within 24 hours, with a slightly lower rate in return.

You can check our current interest rates here.

Choosing the Right Account

Here’s how they compare:

Easy Access Account
Withdraw within 24 hours - ideal if you need flexibility or want to act quickly on opportunities.
Example: Joe owns a successful restaurant and is scouting locations for a second. He keeps his profits in an Easy Access account so he’s ready to move when the right spot comes up.
Notice Account
Lock in a better rate by giving advance notice - best if your cash needs are planned.
Example: Priya runs a design agency. She knows her VAT payment is due in six months, so she puts extra funds in a 90-day Notice Account to earn more in the meantime.

Explore our current notice period options here.