Business Pro savings pot

You can create a savings pot in-app or in Online Banking. Log in to your account and click on ‘create a savings pot’.

All of your accounts, including savings pot, will be protected up to £85,000 in total by the FSCS (Financial Services Compensation Scheme).

Go to your savings pot and top up from your main account.

No. Your savings pot is a separate place to store money. Any payments still need to be made from your main account.

You will need to make sure you have enough money in your main account to make the payment. 

No. You can manually transfer money from your savings pot into your business current account instantly and then make a payment at a time that suits you.

Yes. Your savings pot is an interest-bearing sub account. The interest rate is specified at the time of creating your savings pot and can be seen anytime by logging into your account.

Based on the specified interest rate, we calculate your interest daily on your balance at the end of each day.

All the interest accrued on your savings pot for the month is paid on the 1st of the following month.

There is no minimum amount to be held in your account, though we require a minimum of £1 to create a savings pot. The standard maximum limit is £10,000. There are sometimes promotional offers for new customers. If you are unsure of your limit please check your app.

If a transaction shows as pending in your savings pot, this may be due to a delay in processing the request. In the unlikely event this happens, we’ll investigate and send you a push notification in-app or SMS once it’s fixed, depending on your notification settings.

You can only create one savings pot. If you want to open a new savings pot, you can close your current savings pot and reopen a new one at any time.

Go to your savings pot, click on ‘Manage’ and then ‘Close’. Your balance will need to be at £0.00 for you to close your pot. You will lose any unpaid interest if you close your savings pot before it is paid.