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business-owners

Get your business into the swing of saving

Start saving like a pro with our Business Reserve account.

Maximum flexibility with an instant access savings account

  • Earn interest on money your business doesn't need right now
  • Add or withdraw funds any time - no penalties
  • Save as much as you want - no minimum or maximum balance

If you already have a Business Reserve savings account with RBS and you are impacted by a rate change, you will receive a notice from us in due course. The notice will tell you when the rate change takes effect.

1.36% AER p.a (variable)

1.35% Gross p.a (variable)

On balances £0 - £999,999

Note: The interest rate on this account will change to 1.26% AER / 1.25% Gross p.a (variable) on the 24th January 2025.

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1.61% AER p.a (variable)

1.60% Gross p.a (variable)

On balances from £1M - £9,999,999

Note: The interest rate on this account will change to 1.51% AER / 1.50% Gross p.a (variable) on the 24th January 2025.

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1.81% AER p.a (variable)

1.80% Gross p.a (variable)

On balances over £10M

Note: The interest rate on this account will change to 1.71% AER / 1.70% Gross p.a (variable) on the 24th January 2025.

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Interest Rates

Balance

£0 - £999,999
£1m - £9,999,999
£10m+
£0 - £999,999
£1m - £9,999,999
£10m+

AER %

1.36%
1.61%
1.81%
1.26%
1.51%
1.71%

Gross Rate %

1.35%
1.60%
1.80%
1.25%
1.50%
1.70%

Rate valid from

16th October 2024
16th October 2024
16th October 2024
24th January 2025
24th January 2025
24th January 2025
Interest rates are subject to variation. Gross Rate - the interest rate you are paid without the deduction of UK income tax. Annual Equivalent rate (AER) - this is a notional rate of interest used for interest bearing accounts, which illustrates the rate if paid and compounded each year. It helps you to compare the effective rates of credit interest on different accounts.
You can view historical rates on our previous interest rates page

Important things to know

Eligibility

You can apply for a Business Reserve instant access account if you have a business registered in England, Scotland, or Wales.

 

Get the facts

Business Reserve fact sheet (PDF, 119 KB)

Business Reserve information sheet (PDF, 698 KB)

Business Account Terms (PDF, 279 KB)

 

Useful information

I want to apply

Great, thanks for choosing our Business Reserve Account. Let's get started...

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Are you a new or existing customer?
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Is your business turnover...
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Ready to apply or prefer to discuss your options?
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Arrange a callback

Submit our Savings Account Enquiry Form to arrange a convenient date for us to give you a call. We'll go through the details of your business and complete your application on the call.

We're currently experiencing higher volumes than usual, so if we can't call you on your requested date we'll call you within 72 hours of receiving your request.

Please note:

  • If your business is a Trust, LLP, Mutual/Society, Scottish Partnership or Parish Council, we might need extra time to call you.
  • If you're opening a savings account for a charity, club, or society, at least one of the parties named in the application must be an existing RBS customer.
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Arrange a callback

Give us a call

Our team are available to discuss the savings options available for your business. 

Give us a call on 0345 600 2230 between Monday - Friday 9am - 5pm GMT (excluding Bank Holidays).

 

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Apply by telephone

Because you don't have an existing business account with us, you'll need to apply over the phone

Call: 0345 050 0517

Relay UK Service: 18001 0345 050 0515

For more information on accessibility, visit our Accessibility hub 

Mon to Fri 9am-5.30pm (excl. public holidays)

Calls may be recorded for training and monitoring purposes.

To see how much your call might cost, visit the call charge information page.

Previous
Are you a Business or Commercial customer?
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Next
OK, so you're an existing customer. Is the account for...
Previous
Next
Ready to apply or prefer to discuss your options?
Previous
Next

Arrange a callback

Submit our Savings Account Enquiry Form to arrange convenient date and time for us to give you a call. We'll go through the details of your business and complete your application on the call.

We're currently experiencing higher volumes than usual, so if we can't call you at your requested time and date we'll call you within 72 hours of receiving your request.

Please note:

  • If your business is a Trust, LLP, Mutual/Society, Scottish Partnership or Parish Council, we might need extra time to call you.
  • If you're opening a savings account for a charity, club, or society, at least one of the parties named in the application must be an existing RBS customer.
Previous

Give us a call

Our team are available to discuss the savings options available for your business.

Give us a call on 0345 600 2230 between Monday - Friday 9am - 5pm GMT (excluding Bank Holidays).

Previous
Will the account be used to hold money on behalf of a 3rd party?
A third party would be one or more people and/or entities that are not connected to the running or ownership of the entity that is opening the additional account.
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Please apply for a Client Deposit Manager account

Click for more info on the Client Deposit Manager account and apply

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Please take some time to review the important info

Please take some time to review, print and/or save the important information. By clicking that you're ready to continue, you are confirming that you have been provided with, and have acknowledged our important documents.

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I have reviewed, and printed/or downloaded the terms and conditions, Financial Services Compensation Scheme information sheet and Product information sheet.
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Thanks! Looks like you’re all set and ready to begin

Start your Business Reserve application now

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Please ensure you have reviewed, and printed or downloaded the terms and conditions, Financial Services Compensation Scheme information sheet and Product information sheet

Previous
OK, so you're an existing customer. Is the account for...
Previous
Next

Apply by telephone

Because you don't have an existing business account with us, you'll need to apply over the phone

Call: 0345 600 2230

Relay UK Service: 18001 0345 600 2230

For more information on accessibility, visit our Accessibility Hub 

Mon to Fri 9am-5.30pm (excl. public holidays)

Calls may be recorded for training and monitoring purposes.

To see how much your call might cost, visit the call charge information page.

Previous
Will the account be used to hold money on behalf of a 3rd party?
A third party would be one or more people and/or entities that are not connected to the running or ownership of the entity that is opening the additional account.
Previous
Next

Please apply for a Client Deposit Manager account

Click to view Client Deposit Manager account and apply

Previous

Please take some time to review the important info

Please take some time to review, print and/or save the important information. By clicking that you're ready to continue, you are confirming that you have been provided with, and have acknowledged our important documents.

Previous
Next
I have reviewed, and printed/or downloaded the terms and conditions, Financial Services Compensation Scheme information sheet and Product information sheet.
Previous
Next

Thanks! Looks like you’re all set and ready to begin

If you have Digital Banking, Cora can open an additional account at your request, for any account types you already have.

Log in to Digital Banking, click ‘Need help’ then ‘Chat now’. Or if you’re using the mobile app, tap ‘Help’, then ‘Chat to Cora’ and ask Cora to ‘open an additional account’. She’ll take the details and process your request.

If you don’t have Digital Banking or the mobile app

You can download the PDF form below to open additional accounts for businesses that we already hold accounts for.

To download the form:

  • Download Adobe Acrobat Reader (free download)
  • Right-click the link below and select 'save as' to download it to your computer (not a phone or tablet)
  • Right-click the form in its saved location and select 'Open with Adobe Acrobat Reader’

Download additional account form (PDF)

(The form will not open in your browser. Please follow the instructions above.)

Please return the completed form to your dedicated service team.

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Please ensure you have reviewed, and printed or downloaded the terms and conditions, Financial Services Compensation Scheme information sheet and Product information sheet

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I don't know if I'm a Business or Commercial customer...

You are likely a Business customer if: 

  • Your turnover is generally £2M or below annually 
  • Your day to day contact team is Businessline - 0345 600 2230

You are likely a Commercial customer if: 

  • Your turnover is generally over £2m annually 
  • Your day to day contact team is your Customer Service Team 

If you’re still not sure whether you’re a Business or Commercial customer then you can contact us for some help:

Start a chat with our virtual assistant Cora. Cora will gather a few details then get you to a member of the team who'll be happy to help. 

Or give us a call on: 

0345 600 2230

18001 0345 600 2230 (Relay UK)

0044 0345 600 2230 (from overseas)

Our opening hours are Monday- Friday 8am-7pm and Saturday 9am-3pm.

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Chat to Cora

Something else we can help you with?