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Business savings accounts
Savings accounts to suit your business
Whether you want instant access to your money or a better rate for a fixed term, we have an account that fits the way you do business.
Account overview
-
Account
Clients Premium Account
Access
Instant
Minimum balance
£0
Management
Online, branch, phone, chequebook
- Easily manage money on behalf of your clients
- For businesses that are regulated and have a legal requirement to hold money for clients
- Interest paid quarterly
- From 19 December 2024, we’ll be reducing the interest rate for our Clients Premium Account. You can see the new rate in the ‘Upcoming interest rate decrease’ box on this page.
Account terms and conditions1 [PDF, 172KB]
Summary box
Account name
Clients Premium AccountWhat's the interest rate?
Effective from 01 December 2023Balance
Gross per year %
AER %
£1+
1.40%
1.41%
£1 million+
1.65%
1.66%
£10 million+
1.95%
1.96%
Interest is calculated daily using your statement balance, and paid quarterly in March, June, September and December.
Upcoming interest rate decrease
The interest rate will go down on 19 December 2024. The new interest rate will be:Balance
Gross per year %
AER %
£1+
1.30%
1.31%
£1 million+
1.60%
1.61%
£10 million+
1.90%
1.91%
What would the estimated balance be after 12 months based on a £1,000, £1 million or £10 million deposit?
Deposit amount
Estimated balance after a year
£1,000
£ 1,014.07
£1 million
£ 1,016,602.37
£10 million
£ 10,196,430.58
The interest rate will go down on 19 December 2024. Estimated balances based on the new interest rate will be:
Deposit amount
Estimated balance after a year
£1,000
£1,013.06
£1 million
£1,016,096.26
£10 million
£10,191,358.04
These are examples and don't take your individual circumstances into account. The examples assume that
- No further deposits or withdrawals are made
- Interest earned stays in the account
- Interest rates and tiers don't change
Can Barclays change the interest rate?
Yes, we can change rates from time to time, based on changes in market conditions. For more information, please refer to the relevant section of the Business Customer Agreement.
Who is the Clients Premium Account suitable for?
Clients Premium Accounts are suitable for regulated businesses that have a legal requirement to hold money on behalf of their clients.
If you’re holding money that belongs to a third party, not your own business, you can safeguard it in this account. When you open an account, you can choose between a ‘designated account’ for money belonging to a single business or person, or a ‘pooled account’ for money belonging to multiple businesses or people. If your needs change, you can still open an account of the other type.
It’s important to remember that a Clients Premium Account should never hold any of your own money.
Our Clients Premium Accounts are typically suitable for
- Those regulated by the Financial Conduct Authority (FCA) with client money permissions
- Regulated insolvency practitioners, accountants and solicitors
- Property managers, estate agents and lettings agents
You’re responsible for complying with all legal, fiduciary and regulatory obligations that apply to you. This includes compliance with Money Laundering Regulations.
How do I open and manage my account?
Open your account by speaking to our telephone servicing team.
We might ask you to complete a short questionnaire to make sure you'll meet our eligibility criteria. If you do, we'll send you a letter to confirm when the account is open and give you your account details.
You can manage your account either in our branches, over the phone, or by using Online Banking or the Barclays app.
Can I withdraw money?
Yes, you’ll have instant access to your money for withdrawals, though cash withdrawals from this type of account are restricted.
Additional information
- An account for customers who hold clients’ funds
- Keep clients’ funds separate and earns interest
- Interest is accrued daily and paid quarterly
- Chequebook available
- Cash deposits and cash withdrawals are restricted from this type of account
-
Account
Sterling Treasury Deposits
Access
Fixed term
Minimum balance
£100,000
Management
Telephone
Interest rate
Depends on chosen term
- For businesses with big deposits, looking for higher returns
- Potentially higher returns than a standard savings account
- Rate guaranteed for the duration of the fixed deposits
- Deposit up to £24,999,999
- Rate of return linked to the London currency money markets
- Fixed terms from 1 to 12 months (minimum balances apply, depending on the term length).
Account terms and conditions1 [PDF, 143KB]
We also offer foreign currency savings accounts.
Compare business savings accounts
|
Business Premium Account |
Clients Premium Account |
Treasury Deposit Account |
|
|---|---|---|---|
|
Account type |
Instant access |
Instant access |
Fixed-term |
|
Term |
– |
– |
– |
|
Withdrawals |
Yes |
Yes |
No |
|
Minimum balance |
£0 |
£0 |
£100,000 |
|
Management |
Branch
Telephone |
||
|
AER: Current Rate |
Up to 1.96% |
Up to 1.96% |
Rate guaranteed for the duration of fixed deposit |
|
Benefits |
Manage your day-to-day finance |
Manage money on behalf of your clients. For businesses like lawyers, accountants and estate agents
|
Get a much higher return compared with a standard savings account. For businesses with big deposits that are looking for higher returns.
|
How to apply
Don’t have access to Online Banking?
Give us a call on your usual number or dial 0333 202 74312