Business savings account

A business savings account is a dedicated bank account that allows companies to securely store and earn interest on their surplus cash. Designed to help your business earn interest on money you don't need for day-to-day operations, it offers higher interest rates than typical current accounts. This makes it perfect for building up reserves for future plans, unexpected costs, or exciting growth opportunities. Plus, with no maximum balance restrictions and no monthly fees, it's a no-brainer for savvy business owners looking to boost their bottom line.

Start by checking your eligibility and ensuring your business meets the account requirements, such as being UK-registered. Then, choose between instant access or fixed-term options based on your needs. Gather necessary documents, including business registration details and financial information. Apply online or visit a branch if preferred. After completing any required identity checks, you'll receive your account details upon approval.

To open a Capital on Tap Instant Savings account, you need to be an existing Capital on Tap Business Credit Card holder. The process is simple: just log into your online portal and navigate to the 'Savings' tab to check your eligibility.

Not a Capital on Tap customer yet? You can either apply for our Business Credit Card to access the savings account now, or join our waitlist to be notified when it becomes available to non-credit card customers.

Capital on Tap Business Credit Card holders can check their eligibility in the portal. If you're not eligible, it may be due to one of these reasons:

• Your business type is not covered by FSCS protection
• There's a mismatch between your business name and bank account details
• You've indicated having non-UK tax obligations
• You don't have a verified device with us
• We have incomplete or outdated information on your account

For more details on savings eligibility, read our blog post.