The Moneybox Business Saver can be used to earn an interest rate of 3.75% AER (variable) on your business cash reserves with no fees or charges. Please note that we aren’t currently accepting new applications for the Business Saver.
To be eligible to open a Business Saver, you’ll need to be a sole trader or director of a limited company registered with Companies House and operating within the UK. Further information on eligibility can be found here.
The minimum deposit to open a Business Saver is £500. You can deposit up to £1 million, and Interest is earned daily and paid on the first of each month.
You can request one withdrawal per day by heading to Settings > Withdraw. Once requested, your withdrawal is processed and paid into your linked bank account on the next working day.