Grow your company's funds online

Our online Business savings account gives you access to your money without notice or penalty, plus you can choose from monthly or annual interest payments.

We believe that business internet banking shouldn’t be any more complicated than it is at home. That’s why we’ve made sure that you can open an account online in just 10 minutes – leaving you to get on with what you do best.

New to Kent Reliance? Although our branches are in the South East of England, our Business savings account is online only and available to you anywhere in the UK. Getting in touch isn’t a problem as our helpline is on hand for any queries or questions you may have. Find out more about Kent Reliance.


Interest paid Balance Gross rate AER
Annual £1+ 3.00% 3.00%
Monthly £1+ 2.96% 3.00%
Interest paid Annual Monthly
Balance £1+ £1+
Gross rate 3.00% 2.96%
AER 3.00% 3.00%

Key facts

Open online in just 10 minutes
Get easy, online access to your money any time
Grow your money with a competitive, variable interest rate
Earn monthly or annual interest
Private limited (ltd) companies only
Minimum opening deposit £1,000
Companies must have a maximum of 3 Directors to be eligible
Additional deposits allowed

Summary box

This summary box contains the specific terms and conditions for this account and, where applicable, supersedes our Business savings general terms and conditions.

Account name

Business savings account - issue 7

What is the interest rate?

Rates effective 26 May 2023:

Annual Interest gross p.a.*

3.00% (£1+)

Monthly Interest gross p.a.*

2.96% (£1+)


3.00% (£1+)

*Gross p.a. is the rate of interest paid without the deduction of tax per annum. Please note that the automatic deduction of tax on savings interest ceased with effect from 6 April 2016. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advertisement for a savings product will contain an AER you will be able to compare more easily what return you can expect from your savings over time.

Where interest is payable, interest is calculated daily and can be credited to the account or transferred to your nominated account.

Where payable, annual interest is paid on 5 April each year and monthly interest is paid on the last working day of each month.

Can Kent Reliance change the interest rate?

The interest rate on this account is variable and can change at any time. Up to date information on our interest rates can be found on our interest rates page, in branch or by calling our head office.

For full details of interest rate changes, please refer to Condition 29 of our Business Savings Terms and Conditions.

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

£1,000 Deposit

Monthly interest projected balance: £1,030.00

Annual interest projected balance: £1,030.00

These projections are based on interest being credited to the account, no interest rate changes, no withdrawals and no additional deposits.

The above projections are provided for illustrative purposes only and do not take into account individual circumstances.

How do I open and manage my account?

This account can only be opened by Private Limited Companies (LTD) with a maximum of 3 Directors who are also major Shareholders.

This account can be opened and operated online.

Minimum opening deposit £1,000.

Maximum deposit £1,000,000.

Minimum operating balance £1.

Additional deposits can only be made by bank transfer (electronic payment) from the nominated account.

Can I withdraw money?

Withdrawals are permitted without notice or penalty.

All withdrawals will be made directly to the nominated account , simply log in to our online services to action the request.

There are different payment cut-off times depending on the method of withdrawal you require. For further details please visit our withdrawals page or call our Head Office.

Your nominated account must be a UK Bank/Building Society account held in the company’s name.

Additional information

The account holder will be the business named on the application for the account. The account holder must be the legal and beneficial owner of any monies held in the account. We do not accept client money, nor do we provide accounts to be held on trust.

Good to know

Terms and conditions Download our full Business savings account terms and conditions

Business savings accounts may only be opened and operated online by UK-based Private Limited Companies (Ltd).

As part of the application, you will need to nominate up to three individuals (Authorised Users) to operate the account on behalf of your company. Every Director and major Shareholder of your Company must be set up as an Authorised User.

Your company is not eligible if:

  • your Company has more than three Directors and major Shareholders, or
  • your Company has major Shareholders who are not Directors.

A major Shareholder is an individual or entity that holds 25% or more of the shares or voting rights in the Company

Account holder

The account holder will be the business named on the application for the account. The account holder must be the legal and beneficial owner of any monies held in the account. We do not accept client money, nor do we provide accounts to be held on trust.

Age restrictions Minimum age of Authorised Users is 18.
FSCS Eligible deposits in an account to which two or more persons are entitled as members of a business partnership, association or grouping of a similar nature, without legal personality, are aggregated and treated as if made by a single depositor for the purpose of calculating the limit of £85,000. Find out more (pdf document).

How to apply


Complete and submit your application online

Apply now