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BUSINESS SAVINGS ACCOUNT

Grow your business savings with up to 4.38% AER (variable)

Get our highest savings rate for the first 6 months – at no cost. 

Start saving from just £1, enjoy monthly interest payments and get instant access to your funds securely through the Tide app.

Speak with a Tide expert today to see how Tide Instant Saver can support your financial goals.

Open a savings accountBook a call

Savings account provided by ClearBank.



*The more you save, the higher the rate—up to 4.38% AER (variable) on balances between £500K - £1M. New Tide members receive these rates free for 6 months, then your Tide plan’s savings rate applies. For more information, go to our Summary Box.

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How do our savings interest rates work?

Our savings account has tiered rates to suit your business needs. For the first 6 months, earn our Max rate of up to 4.38% AER for FREE on your business savings.

Your savings rate depends on your deposit—save more, earn more. Each tiered rate applies only to the portion within that range. After 6 months, your rate adjusts to your chosen plan.

Open a savings account

Earn up to 4.38% AER for 6 months, then pick the plan that works for you

Use our calculator below to find out how much you can save 
to take your business to the next level.

Years

Calculations are indicative only and intended as a guide only. The figures calculated are not a statement of the actual repayments that will be charged on any actual loan and do not constitute a loan offer. Tide will not be responsible for any discrepancy in the loan calculations and does not accept any liability for loss, which may be attributable to the reliance on and use of this calculator. You should always check directly with a lender to confirm the final offer and repayment amounts before selecting a financial product.

Plan with the highest return

You’ll be able to select any plan during the onboarding process

Your results

3.04 %
3.04%
£ 912
£ 30,912

Plan Comparison

 
Highest return
Tide Mastercard in blue
Tide Mastercard in blackTide Mastercard in blackTide Mastercard in black

Plan options

Free
Smart
Pro
Max

Monthly fee

Free £12.99 + VAT £24.99 + VAT £69.99 + VAT

Interest rate

3.04 % 3.55 % 3.86 % 3.86 %

Return including plan fees

3.04 % 3.03 % 2.86 % 1.06 %

Smart Plan Interest Rates

3.04%
AER (variable)
£0£75,000

Unlock higher interest rates

Enter a higher Starting amount to earn even more interest and increase your deposit limit

Why open an instant access business savings account with Tide?

Our high interest savings account helps you grow your capital with the flexibility to earn more interest as your business grows. 

Earn up to 4.38%* AER variable interest

Enjoy monthly interest payments with no penalties on withdrawals

Instant access to your funds

Start saving from £1 and access your funds any time from the Tide app.

No need to change bank accounts

Open a Tide Business Account, or connect an external business bank account of your choice

Open a savings account
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Open a business savings account in 3 easy steps

You can open a Tide instant access savings account by opening a Tide Business Account or connecting a pre-existing external business bank account in minutes.

  1. Download the Tide app

  2. Open a free business bank account or connect an external business account

  3. Complete the application and start saving

Open a savings account

Compare business savings accounts

Find a business savings account that grows your money faster and meets the needs of your business. To assist you in your search, we’ve compared some of the best instant access savings accounts currently available on the market.

 
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Tide
Barclays
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Natwest
Monzo
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Virgin Money
Cynergy Bank
Allica Bank
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Shawbrook
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Hampshire Trust Bank

% interest on business savings account

Up to 4.38% AER

Up to 1.81% AER

Up to 1.71% AER

1.50% AER

3.55% AER

4.00% AER

Up to 4.58% AER

4.11% AER

3.90% AER

Interest

Monthly

Quarterly

Monthly

Monthly

Monthly

Monthly

Yearly

Monthly/Annually

Annually

Minimum deposit

£1

£0

£0

£0

£1

£1

£50,000

£1,000

£1

Withdrawal limits

None

None

None

None

None

None

None

Minimum of £500

None

Business current account integration

Yes

No

No

Yes

No

Yes

Yes

No

No

The rates compared are all the best variable rates offered in the instant access business savings accounts | Valid as of 01/04/2025

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Benefits of having a business savings account

A business savings account helps your savings work harder, whether for emergencies, taxes, or future projects.

With Tide’s instant access savings account, your funds can earn interest and remain accessible whenever needed.

For limited companies, separating business and personal finances is legally required, making personal savings accounts unsuitable. A business savings account ensures you comply while benefiting from competitive interest rates to grow your money.

Open a savings account

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You funds are in safe hands with a Tide business savings account

At Tide, deposits of up to £85,000 are protected by the Financial Services Compensation Scheme (FSCS) across all ClearBank accounts.

Limited companies can claim up to £85,000 separately for business and personal finances. Whereas sole traders have a combined limit of £85,000 across both types of accounts.

Am I eligible for a business savings account?

Setting up a company savings account with Tide is quick and easy. Open a business current account via the Tide app and get access to the Tide Instant Saver automatically.

You must be over 18

Have a UK-based business

Show valid photo ID

Upload a selfie photo

Open a savings account

Tide Instant Saver Account Summary Box (Intro offer)

Applicable to members joining Tide after 1st April 2025

The information provided in this summary box includes the key features of the account only and is not intended to be a substitute for reading the Tide and ClearBank terms applicable to your account (all available under tide.co/terms). We generate a new version of this summary box whenever any of the information contained herein changes. Download Summary box here.

Last updated: 1st April 2025

The interest rate applicable to your Tide Instant Saver Account is a variable rate and is equal to the published Bank of England Base Rate (gross) minus a certain percentage, determined by Tide (the “Tide Margin”). The current Tide Margin can be found in the tables below. The currently applicable Bank of England Base Rate is 4.50% (gross). The applicable Bank of England base rate can be found here: https://www.bankofengland.co.uk

During the first six (6) months of opening a Tide Instant Saver Account an introductory bonus rate as per the table below will be applied to your deposit:

Interest Rate p.a. during the first six (6) months promotional period

Balance

Interest Rate p.a.

Tide Margin

Up to £100,000.00

3.86% AER / 3.80% gross

0.70% gross

Between  £100,000.01 and  £500,000.00

4.07% AER / 4.00% gross

0.50% gross

Between  £500,000.01 and  £1,000,000.00

4.38% AER / 4.30% gross

0.20% gross

Over £1,000,000.00

0.00% AER / 0.00% gross

not applicable

The interest is applied in a progressive tiered structure, meaning that each portion of the deposit earns interest at the corresponding rate for that tier - rather than applying the highest interest rate to the entire deposit, only the amount exceeding each threshold earns the higher rate.

After the promotional period ending six (6) months after opening a new Tide Instant Saver Account, the interest rate applicable to your deposit will be based on the Tide Membership Plan you are on on the following day. In case you have connected a business current account provided by another bank or financial institution (a “Non-Tide Account”) to the Tide Platform and set this account as your Nominated Account (as defined further below), the interest rate applicable to the Tide Free Membership Plan shall apply to your deposit after expiry of the promotional period. Please see the tables below for the rate applicable to each plan. 

  1. Standard interest rate applicable to the Tide Free Membership Plan:

Interest rate after the 6-months promotional period

Balance

Interest Rate p.a.*

Tide Margin

Up to £75,000.00

3.04% AER / 3.00% gross

1.50% gross

Over £75,000.00

0.00% AER / 0.00% gross

not applicable

2. Standard interest rate applicable to the Tide Smart Membership Plan:

Interest rate after the 6-months promotional period

Balance

Interest Rate p.a.*

Tide Margin

Up to £100,000.00

3.55% AER / 3.50% gross

1.00% gross

Over £100,000.00

0.00% AER / 0.00% gross

not applicable

3. Standard interest rate applicable to the Tide Pro Membership Plan:

Interest rate after the 6-months promotional period

Balance

Interest Rate p.a.*

Tide Margin

Up to £100,000

3.86% AER / 3.80% gross

0.70% gross

Between  £100,000.01 and  £150,000.00

4.07% AER / 4.00% gross

0.50% gross

Over £150,000.00

0.00% AER / 0.00% gross

not applicable

4. Standard interest rate applicable to the Tide Max Membership Plan:

Interest rate after the 6-months promotional period

Balance

Interest Rate p.a.*

Tide Margin

Up to £100,000.00

3.86% AER / 3.80% gross

0.70% gross

Between  £100,000.01 and  £500,000.00

4.07% AER / 4.00% gross

0.50% gross

Between  £500,000.01 and  £1,000,000.00

4.38% AER / 4.30% gross

0.20% gross

Over to £1,000,000.00

0.00% AER / 0.00% gross

not applicable

* Each tiered rate applies only to the portion of the balance within that range, not to the entire deposit. On balances up to the highest applicable threshold for each Membership Plan, you’ll earn interest on the whole balance. If your balance is above this amount at any time you will not earn interest on the excess amount.

“AER” stands for Annual Equivalent Rate and illustrates the interest rate if it was paid and compounded once each year. “Gross” is the basic annual interest rate without considering compounding.

Interest is calculated daily, based on the balance available on your Tide Instant Saver Account at the end of the day, and paid monthly into your Tide Instant Saver Account on the first day of the month following the month in which the interest is earned.

Market conditions may result in negative interest being applied to your Tide Instant Saver Account. If this happens, instead of earning interest on the funds in your account, Tide will deduct interest from your account. 

5. For Tide members who joined prior to April 1st 2025

What is the interest rate?

Interest rate

Balance

Interest Rate p.a.*

Up to £75,000.00

3.04% AER / 3.00% gross

Over £75,000.00

0.00% AER / 0.00% gross

Balances up to £75,000 will earn the interest rate as indicated above. Only the part of the balance above £75,000 will not earn any interest.

The interest rate you receive on your first £75,000 is equal to the published Bank of England Base Rate (gross) minus a certain percentage, determined by Tide (the “Tide Margin”).

The currently applicable Bank of England Base Rate is 4.50% (gross) and the current Tide Margin is 1.50% (gross). You can read more about how your interest rate may change in the section “Can Tide change the interest rate?” below.

The applicable Bank of England base rate can be found here: https://www.bankofengland.co.uk.

Interest is calculated daily, based on the balance available on your Tide Instant Saver Account at the end of the day, and paid monthly into your Tide Instant Saver Account on the first day of the month following the month in which the interest is earned.

Market conditions may result in negative interest being applied to your Tide Instant Saver Account. If this happens, instead of earning interest on the funds in your account, Tide will deduct interest from your account.

Yes. As the interest rate is variable it can move up or down. 

The interest rate can change at any time for the following reasons:

  1. Tide can change the Tide Margin at any time and this will impact the interest rate you receive. Please also refer to the Tide Instant Saver Terms. 

  • If we decide to increase the Tide Margin and your interest rate will decrease as a result, we will give you at least 14 days’ notice in writing before the change takes effect.

  • We don’t have to give you prior notice if your interest rate increases because we decrease the Tide Margin. However, we will notify you about the change within 30 days of it taking effect.

2. In addition, each time the Bank of England Base Rate changes, the interest rate applicable to your Tide Instant Saver Account will also automatically change, in line with the increase or decrease in the Bank of England Base Rate. Please note that this might happen in addition to changes due to changes in the Tide Margin. 

  • The change will take effect from the day the Bank of England announces the change. 

  • We do not have to give you prior notice of the change, but we will notify you about the change within 30 days of it taking effect. 

  • The Bank of England Base Rate may be negative, which may result in a negative interest rate applying to your Tide Instant Saver Account.

For Tide Members on the Tide Free Membership Plan the estimated balance will be as follows:

Initial amount

Balance after 6 months

Balance after 18 months**

£100,000.00

£101,915.11

£104,195.11

£500,000.00

£509,575.53

£511,855.53

£1,000,000.00

£1,019,151.05

£1,021,431.05

£2,000,000.00

£2,038,302.11

£2,040,582.11

For Tide Members on the Tide Smart Membership Plan the estimated balance will be as follows:

Initial amount

Balance after 6 months

Balance after 18 months**

£100,000.00

£101,915.11

£105,465.11

£500,000.00

£509,575.53

£513,125.53

£1,000,000.00

£1,019,151.05

£1,022,701.05

£2,000,000.00

£2,038,302.11

£2,041,852.11

For Tide Members on the Tide Pro Membership Plan the estimated balance will be as follows:

Initial amount

Balance after 6 months

Balance after 18 months**

£100,000.00

£101,915.11

£105,853.05

£500,000.00

£509,575.53

£515,470.53

£1,000,000.00

£1,019,151.05

£1,025,046.05

£2,000,000.00

£2,038,302.11

£2,044,197.11

For Tide Members on the Tide Max Membership Plan the estimated balance will be as follows:

Initial amount

Balance after 6 months

Balance after 18 months**

£100,000.00

£101,915.11

£105,853.05

£500,000.00

£509,575.53

£530,134.93

£1,000,000.00

£1,019,151.05

£1,061,191.05

£2,000,000.00

£2,038,302.11

£2,080,342.11

The estimates are based on:

  • the Bank of England base rate being 4.50%

  • no further deposits or withdrawals being made and no changes to the interest rate taking place

  • no further changes in Bank of England rates and the Tide Margin, beside the one resulting from the expiry of the promotional period

** After the expiry of the promotional period (ending six (6) months after opening a new Tide instant Saver Account) a 0.00% AER interest rate has been applied on the amount above the respective threshold of the relevant Tide Membership Plan as per the corresponding interest rate table above..

The projections are for illustrative purposes only and do not take into account your personal circumstances.

For Tide members who joined prior to April 1st 2025

What would the estimated balance be after 12 months based on £1,000, £75,000 and £85,000 deposit?

Initial amount

Interest Rate AER (variable)

Balance after 12 months

£1,000

3.04% AER

£1,030.40

£75,000.00

3.04% AER

£77,280.00

£85,000.00

3.04% on the first £75,000, and 0% on the remaining £10,000

£87,280.00

This estimate is based on:

  • the initial amount being deposited at account opening

  • the Bank of England base rate being 4.50%

  • no further deposits or withdrawals being made and no changes to the interest rate taking place

  • no further changes in Bank of England rates and the Tide Margin The projections are for illustrative purposes only and do not take into account your personal circumstances.

Account holders must be a UK resident aged 18 or over.

The Tide Instant Saver Account can be opened (a) in the Tide app or on Tide.co by UK-registered sole traders and limited companies who hold a business bank account provided by ClearBank via the Tide Platform (“Tide Business Account”) as well as (b) in the Tide app by UK-registered limited companies who do not hold a Tide Business Account.

To open a Tide Instant Saver Account, you must designate a UK pound sterling current account held solely in the name of your business as your “Nominated Account”.

  • If you hold a Tide Business Account, your Nominated Account will be your Tide Business Account.

  • In case you are a UK-registered limited company who does not hold a Tide Business Account, your Non-Tide Account will serve as your Nominated Account.

  • You may only have one Nominated Account

The minimum opening deposit is £1.

You can only add funds into your Tide Instant Saver Account by transferring them from your Nominated Account.

Financial or other quantitative limits might be applied to your Tide Instant Saver Account in accordance with relevant risk assessment and policies. We can change these limits at our discretion at any time depending on our ongoing risk assessment of you or to comply with our regulatory obligations. You can contact our Member Support team at any time to ask about the limits applicable to your account or to request a review and increase of your limits.

Once opened, your account can be managed 24/7 (a) online at tide.co or via your Tide app for Tide Members who hold a Tide Business Account; or (b) via your Tide app for Tide Members who do not hold a Tide Business Account. You can also contact the Member Support team by email at hello@tide.co.

You can close your Tide Instant Saver Account at any time.

Yes. This is an instant access account. No notice for withdrawals is required and withdrawals can be made at any time.

There is no limit on withdrawals.

Withdrawals from your Tide Instant Saver Account can only be made online and into your Nominated Account.

This version of the Tide Instant Saver Account is available for new Tide Members joining after 1st April 2025.

Depending on personal circumstances, you may have to pay tax on the interest to HM Revenue & Customs. Please seek professional tax advice if you are unsure about your tax position.

Changing your Tide Membership Plan would have an effect on the interest rate applicable to your Tide Instant Saver Account. Please see the FAQs for details. You will be presented with a new version on this summary box prior to switching your Tide Membership Plan.

On termination of your Tide Instant Saver Account any interest accrued up to the termination effective date will be transferred to your Nominated Account. Before your Tide Instant Saver Account can be closed, you need to transfer any balance remaining in your Tide Instant Saver Account to your Nominated Account.

If you have set up a Non-Tide Account as your Nominated Account and you close your Nominated Account before or at the same time as your Tide Instant Saver Account, you need to provide us the details of another UK bank account held in your name to which your remaining Tide Instant Saver Account balance can be transferred. Our Member Support team will contact you to confirm where that refund should be made to.

Tide Instant Saver Account Summary Box (Free)

Applicable to members who joined Tide prior 1st April 2025, on Tide's Free Plan

The information provided in this summary box includes the key features of the account only and is not intended to be a substitute for reading the Tide and ClearBank terms applicable to your account (all available under tide.co/terms). We generate a new version of this summary box whenever any of the information contained herein changes. Download Summary Box here.

Last updated: 6th February 2025

Account name - Tide Instant Saver Account

What is the interest rate?

The interest rate applicable to your Tide Instant Saver Account is a variable rate. The interest rate is currently:

Balance

Interest Rate p.a (variable)

Up to £75,000

3.04% AER / 3.00% gross

Over £75,000

0% AER / 0% gross

Balances up to £75,000 will earn the interest rate as indicated above. Only the part of the balance above £75,000 will not earn any interest.

The interest rate you receive on your first £75,000 is equal to the published Bank of England Base Rate (gross) minus a certain percentage, determined by Tide (the “Tide Margin”).

The currently applicable Bank of England Base Rate is 4.50% (gross) and the current Tide Margin is 1.50% (gross). You can read more about how your interest rate may change in the section “Can Tide change the interest rate?” below.

The applicable Bank of England base rate can be found here: https://www.bankofengland.co.uk.

Interest is calculated daily, based on the balance available on your Tide Instant Saver Account at the end of the day, and paid monthly into your Tide Instant Saver Account on the first day of the month following the month in which the interest is earned.

Market conditions may result in negative interest being applied to your Tide Instant Saver Account. If this happens, instead of earning interest on the funds in your account, Tide will deduct interest from your account.


Can Tide change the interest rate?

Yes. As the interest rate is variable it can move up or down. The interest rate can change at any time for the following reasons:

1. Tide can change the Tide Margin at any time and this will impact the interest rate you receive. Please refer to the Tide Instant Saver Terms.

  • If we decide to increase the Tide Margin and your interest rate will decrease as a result, we will give you at least 14 days’ notice in writing before the change takes effect.

  • We don’t have to give you prior notice if your interest rate increases because we decrease the Tide Margin. However, we will notify you about the change within 30 days of it taking effect.

2. In addition, each time the Bank of England Base Rate changes, the interest rate applicable to your Tide Instant Saver Account will also automatically change, in line with the increase or decrease in the Bank of England Base Rate. Please note that this might happen in addition to changes due to changes in the Tide Margin.

  • The change will take effect from the day the Bank of England announces the change.

  • We do not have to give you prior notice of the change, but we will notify you about the change within 30 days of it taking effect.

  • The Bank of England Base Rate may be negative, which may result in a negative interest rate applying to your Tide Instant Saver Account.

We’ve included illustrative examples below:

  • Example 1: Where your current interest rate is 3.04% AER / 3.00% gross and Tide decides to increase the Tide Margin from 1.50% by 0.50% (gross), the Tide Margin will be 2.00% (gross) and your interest rate will decrease to 2.52% AER / 2.50% gross. We will give you 14 days prior notice before this change comes into effect.

  • Example 2: Where your current interest rate is 3.04% AER / 3.00% gross and the Bank of England Base Rate decreases by 0.25% (gross) but your Tide Margin remains 1.50%, your interest rate will automatically decrease to 2.78% AER / 2.75% gross. We will not give you prior notice of this change taking effect but we will notify you about the change within 30 days.

  • Example 3: Where your current interest rate is 3.04% AER / 3.00% gross and Tide decides to decrease the Tide Margin from 1.50% by 0.50% (gross), the Tide Margin will be 1.00% (gross) and your interest rate will increase to 3.55% AER / 3.50% gross. We will not give you prior notice of this change taking effect but we will notify you about the change within 30 days.


What would the estimated balance be after 12 months based on £1,000, £75,000 and £85,000 deposit?

Initial amount

Interest rate AER (variable)

Balance after 12 months

£1,000

3.04%

£1,030.40

£75,000

3.04%

£77,280.00

£85,000

3.04% on the first £75,000, and 0% on the remaining £10,000

£87,280.00

This estimate is based on:

  • the initial amount being deposited at account opening

  • the Bank of England base rate being 4.50%

  • no further deposits or withdrawals being made and no changes to the interest rate taking place

  • no further changes in Bank of England rates and the Tide Margin

The projections are for illustrative purposes only and do not take into account your personal circumstances.


How do I open and manage my account?

Account holders must be a UK resident aged 18 or over.

The Tide Instant Saver Account can be opened (a) in the Tide app or on Tide.co by UK-registered sole traders and limited companies who hold a business bank account provided by ClearBank via the Tide Platform (“Tide Business Account”) as well as (b) in the Tide app by UK-registered limited companies who do not hold a Tide Business Account.

To open a Tide Instant Saver Account, you must designate a UK pound sterling current account held solely in the name of your business as your “Nominated Account”.

  • If you hold a Tide Business Account, your Nominated Account will be your Tide Business Account.

  • In case you are a UK-registered limited company who does not hold a Tide Business Account, you would need to connect a business current account provided by another bank or financial institution and held solely in the name of your business (“Non-Tide Account”) to the Tide Platform and it will serve as your Nominated Account.

You may only have one Nominated Account

The minimum opening deposit is £1.

You can only add funds into your Tide Instant Saver Account by transferring them from your Nominated Account.

We may apply financial or other quantitative limits to your Tide Instant Saver Account in accordance with our risk assessment and policies. We can change these limits at our discretion at any time depending on our ongoing risk assessment of you or to comply with our regulatory obligations. You can contact our Member Support team at any time to ask about the limits applicable to your account or to request a review and increase of your limits.

Once opened, your account can be managed 24/7 (a) online at tide.co or via your Tide app for Tide Members who hold aTide Business Account; or (b) via your Tide app for Tide Members who do not hold a Tide Business Account. You can also contact the Member Support team by email at hello@tide.co.

You can close your Tide Instant Saver Account at any time.


Can I withdraw my money?

Yes. This is an instant access account. No notice for withdrawals is required and withdrawals can be made at any time.

There is no limit on withdrawals.

Withdrawals from your Tide Instant Saver Account can only be made online and into your Nominated Account.


Additional information

Depending on personal circumstances, you may have to pay tax on the interest to HM Revenue & Customs. Please seek professional tax advice if you are unsure about your tax position.

AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and compounded once each year.

On termination of your Tide Instant Saver Account any interest accrued up to the termination effective date will be transferred to your Nominated Account. Before your Tide Instant Saver Account can be closed, you need to transfer any balance remaining in your Tide Instant Saver Account to your Nominated Account.

If you have set up a Non-Tide Account as your Nominated Account and you close your Nominated Account before or at the same time as your Tide Instant Saver Account, you need to provide us the details of another bank account to which your remaining Tide Instant Saver Account balance can be transferred. Our Member Support team will contact you to confirm where that refund should be made to, which should be to a UK bank account in your name.

Additional Business Savings Account FAQS here.

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Tide is built by business owners for business owners. That’s why we’re trusted by over 1 million sole traders, freelancers, and limited companies worldwide.

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