Allica Bank · Banks
Allica Bank Instant Access Savings review
Allica Bank offers some of the UK’s strongest business savings rates, reported at up to about 4% AER on instant access in 2026, and lets businesses save without switching their main bank. A minimum deposit applies.
Who Allica Bank is best for
UK SMEs with larger cash reserves and businesses that want savings separate from their main bank.
Very small balances (minimum deposit applies).
Allica Bank offers some of the UK’s strongest business savings rates, reported at up to about 4% AER on instant access in 2026, and lets businesses save without switching their main bank. A minimum deposit applies.
Fees, features and eligibility
| Standard interest | Up to about 4% AER variable on instant access (reported by money.co.uk, Aug 2026; check Allica for today’s rate) |
|---|---|
| Fees | No account fee |
| Currencies | GBP |
| Access to funds | Instant access; notice and fixed options for higher rates |
| Deposit protection | FSCS protection on eligible deposits |
| Eligibility | UK businesses; minimum deposit applies |
Source: Allica Bank published product information.
What stands out
Pros
- Up to about 4% AER variable (reported 2026)
- Instant access, notice and fixed options
- FSCS protected
Cons
- Minimum deposit applies
- Rates vary by account type
Allica Bank: common questions
What does Allica Bank pay on business savings?
Its instant-access rate has been reported at up to about 4% AER variable in 2026, with notice and fixed accounts also available. Check Allica for current rates and minimums.
Used Allica Bank? Help other businesses choose.
Other cash management accounts to consider
Best for locking surplus cash into notice or fixed accounts