By Nathaniel Dalby on Small Business UK – Advice and Ideas for UK Small Businesses and SMEs
If you’re just starting up your small business, the idea of actually saving money might seem so pie-in-the-sky that it’s not even worth considering. However, saving the spare cash your business generates (no matter how small) can have huge benefits in the long term.
That’s why we’ve created this small business savings account comparison, which shows currently available in the UK. We will also cover why you need a business savings account and how you choose the best one for your business.
Continue reading or use the links below to jump to a specific section:
What are business savings accounts?
Why do I need a business savings account?
Can I use a personal savings account for my business?
The best business savings accounts
Which account is best for my business?
Paying tax on a business savings account
What are business savings accounts?
A business savings account is similar to a personal savings account, but used specifically for business. Using these accounts, a business can save any cash spare reserves and accrue interest on them, with different rate types available.
How business savings account work varies on the account and bank, with some requiring an initial