Metro Bank is the newest bank in the UK – in fact, it was the first new bank to come onto the British banking scene for over 100 years. By George Nixon for This Is … Read our ... To get an easy access savings account with YBS, you’ll need to be a UK resident and aged 11 or over (for under 11s accounts can be opened in trust). This product is only available to existing members. But like all business accounts, you need to make sure you choose the right product for your business, including how quickly you can access the money. Great for ringfencing tax or VAT liability payments too. When it comes to choosing an account, saving for a child's future is a crucial part of planning your family's finances. They allow parents to save money free from tax either in … The safest way to bank with us right now is from home either using our app or through Internet Banking. We have commercial agreements with some of the companies in this comparison and get paid commission if we help you take out one of their products or services. The current lockdown means our branch opening hours have changed. Newbury Building Society Welcome to Newbury. ✓ No obligation or commitment Our registered address is: The Cooperage, 5 Copper Row, London, England, SE1 2LH. This could be for 6 months or as long as 5 years. To find the best instant access savings account, you'll need to think about: The interest rate: A higher interest rate gives you a better return on your money. ✓ Unsubscribe at any time. There are a few, but they don't pay high rates in comparison to other easy access ISA options that aren't age-specific. 0.10%. 0 share; Facebook 0; Twitter 0; Pinterest 0; Email 0; Reading Time: 6 mins. Our website is completely free for you to use but we may receive a commission from some of the companies we link to on the site. How money.co.uk works. A business that has a savings account affords itself extra protection against a range of financial issues such as managing dips in income, as well as putting aside sums of cash to meet tax and VAT liabilities. For any other savings accounts with Investec, please continue to use our existing online banking platform, Investec Online. Easy access account – an instant access account with an AER 0.50%. How much you need to put in when you open the account: Some accounts need just 1p, yet others need up to £10,000. What are the best easy-access Junior Cash Isas in 2020? Why might a business want a savings account? Company savings accounts also allow a business to put aside surplus cash and earn money through interest payments. Annual interest Gross/AER* Monthly interest Gross/AER* Standard Interest Rate (variable) 0.10%. Like all savings pots, there are different issues that you need to consider. Can I get monthly interest with an instant access account? Usually as much as you want, but some accounts restrict how much you can save. We don't sell your personal information, in fact you can use our site without giving it to us. You’ll just need to make sure that you can access the money when you need to in order to pay your liability. 1. Learn more about Personal Savings Allowance . Both the number of savings products on the market and their interest rates are at an all time low. Since it opened its doors in 2010, it has made a positive impression with personal and business account customers. Find out more at your local Nottingham Building Society branch or call 0344 481 1225. Copyright © 2020 Multimedia Labs Ltd. All rights reserved • Disclaimer • GDPR policy. Best Easy Access Savings Accounts in Summer 2020. What are the different options for business savings accounts? This makes them a great way to save for your child's future, especially compared with holding onto the money yourself. The listings above are affiliated with us. Virgin Money has, like some challenger banks, created flexible business banking products for businesses. Or you could look at an easy access savings account. Getting in touch Close. This guide explains how to manage each type of account. Is my money safe in an instant access savings account? 2. No notice required, instant access but may be limited on the number of withdrawals. Instant access accounts: These let you withdraw cash whenever you like. 5 best instant access savings accounts. You’ll need your Instant Access Savings Account Sort Code and Account Number to do this. Data analysts MoneyFacts have found that average interest rates for easy access savings accounts have now hit … Our data experts check the companies we list are legit and we only add them to our comparisons when we're happy they've satisfied our screening. If you're looking for the savings accounts for over 50s, you'll see that there aren't many age-specific accounts available. We're totally passionate about giving you the most useful and up to date financial information, without any fancy gimmicks. View them all today. It gives an extra sense of security that should there be a rainy day for the business to endure, that there is a pot of cash to draw on. 3. Instant access accounts are a good option if you want to save but also want to have quick access to your money when needed. To find the best instant access savings account, you'll need to think about: The interest rate: A higher interest rate gives you a better return on your money, How much you need to put in when you open the account: Some accounts need just 1p, yet others need up to £10,000, How you want to manage the account: Some accounts are online, yet others are managed in a branch, on the phone or by post. Keep your money safe in the most profitable place is sensible or could! 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