Monthly Archives: June 2025

Hot Business News Today

Best business bank accounts for sole traders

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By Anna Jordan on Small Business UK – Advice and Ideas for UK Small Businesses and SMEs

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Setting up as one of the UK’s 3.1 million sole traders, you may have lots of questions around which business bank account is best for you.

You will need to consider cost, free banking period (if there is one), overdrafts and integrations.  

We’ll be looking some of the best business bank accounts on the market targeted specifically at sole traders.

Compare business bank accounts now – Easily find the top business bank accounts from a range of providers here.

Traditional banks

High street banks do offer sole trader accounts and they tend to have a free banking period, which is a huge bonus if your business is new and you’re trying to cut costs. Take a look at the summary below.

Bank/AccountFeaturesFree banking periodAccount fee thereafter

HSBC Kinetic• Make payments of up to £25,000 per day in-app
• Automatically categorised transactions to help monitor spending
• Credit card and savings account (subject to eligibility and application)
• Insights that could help you manage your money better12 months£6.50 a month

HSBC Small Business Banking Account • Loans from £1,000 to £25,000
• Arranged

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Hot Business News Today

The 8 best business savings accounts

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By Henry Williams on Small Business UK – Advice and Ideas for UK Small Businesses and SMEs

You’ve got money coming into your business, you’ve covered your liabilities, and you have cash to spare – great. But now it’s just sitting in your business bank account generating a measly level of interest. Not so great.

Why not deposit those surplus funds into a dedicated business savings account? That way you can grow your revenue even further without expending any extra effort.

There are several types of business savings accounts, including easy access, notice, and fixed term, each offering varying levels of interest and access, as well as minimum and maximum deposits values.

In this article, we bring you the 8 best savings accounts for small businesses in 2025.

What is a business savings account?

A business savings account is a type of bank account that allows businesses to earn interest on any surplus funds they deposit. Interest is calculated as a percentage of the value of your overall deposit.

The different types of business savings account

Business savings accounts come in three forms:

Easy access: You can usually deposit and withdraw whenever you need to

Notice: You have to alert the bank of your intention to withdraw within a certain

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