Business Fixed Term Savings Accounts
Our Business Fixed Term Savings Accounts are designed for businesses who want to grow their funds responsibly and make a positive difference with their money. Choose from 3 months, 6 months, 1 year and 2 year fixed terms. Available for businesses registered in England and Scotland.
Business Banking with Purpose
Your business deposits can do more. At Reliance Bank, we use your deposits to provide funding to UK organisations that make a positive social impact. A great way to align your business money with your values.
We align our lending practices to the United Nation’s Sustainable Development Goals (SDG’s) – a global framework for achieving a better and more sustainable future. In 2024-2025, our funding helped:
Key Features and Benefits Summary
Competitive interest rates up to 3.55% AER
Choose your fixed term - 3 months, 6 months, 1 year and 2 years
Early withdrawals are not permitted during the term
Your savings are FSCS protected up to £120,000
Ethical banking where your business deposits make a positive social impact
Easy account management through our Online Banking
Compare our Business Fixed Term Rates
*AER
AER stands for Annual Equivalent Rate. It illustrates what your interest rate would be if interest was paid and compounded each year and allows you to easily compare different savings accounts. As every advertisement for a savings product, which quotes an interest rate, will contain an AER you will be able to compare more easily what return you can expect from your savings over time.
We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if we as a Bank fail to meet our financial obligations. In general, all retail depositors and businesses are covered by Deposit Guarantee Schemes. Exceptions for certain deposits are stated on the website for the Financial Services Compensation Scheme.
How to apply
Complete Online Application
Complete Identity Verification
Complete Account Mandate
Ready to Apply?
Products are subject to status and eligibility. Terms and conditions apply. Reliance Bank uses your personal information to confirm your identity and assess your application when you apply for an account with us. We will only collect, process and store information about you in accordance with our Privacy Notice. For more details, please read our Privacy Notice. Do not send us any funds until our team have contacted you to explain how funds can be deposited safely and securely.
Important Documents
Summary Sheet
- 3 months Fixed Term Deposit – 3.55% AER*
- 6 months Fixed Term Deposit – 3.40% AER*
- 1 year Fixed Term Deposit – 3.50% AER*
- 2 year Fixed Term Deposit – 3.30% AER*
*AER stands for Annual Equivalent Rate. It illustrates what your interest rate would be if interest was paid and compounded each year and allows you to easily compare different savings accounts. As every advertisement for a savings product, which quotes an interest rate, will contain an AER you will be able to compare more easily what return you can expect from your savings over time.
No, the Applicable Interest Rate is fixed. It will not change until the account matures at the end of your fixed term.
Estimated balance in the account at the end of Fixed Term –
- 3 months Fixed Term Deposit – £5,043.77*
- 6 months Fixed Term Deposit – £5,084.30*
- 1 year Fixed Term Deposit – £5,175.00*
- 2 year Fixed Term Deposit – £5,335.45*
*This calculation is for illustration purposes only.
You can apply by downloading an application form from our website. Please complete the form, and then email or post it to us.
You can manage your account online via our digital banking portal or by telephoning our Customer Experience Team on 0207 395 5400.
No, you cannot withdraw money from your account during the Fixed Term.
Rates and information correct at 22/12/2025.
Your Business Savings Can Make A Difference
Check your eligibility and apply online today
Frequently Asked Questions
A business fixed-term savings account allows companies to lock away money for a fixed term, earning a fixed interest rate. It’s ideal for businesses looking to earn a higher return on their deposits, and do not wish to access their funds during the term.
Our Business Fixed Term Savings Accounts are available to businesses registered in England or Scotland.
No, we do not allow early closures for fixed term savings accounts. The account will mature at the end of the fixed term, after which it is automatically converted into an instant access savings account.
No, you cannot withdraw money from your account during the fixed term period.
Explore our other Business Accounts
Useful Guides
Need Help?
For further assistance, please reach out to our Customer Experience Team on 020 7398 5400 or email us at customer.experience@reliancebankltd.com.
We are proud to be the bank of The Salvation Army International. Find out more about our shared history.
We are proud to be the bank of The Salvation Army International. Find out more about our shared history.