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Your business savings always in reach

Business Instant Access Deposit Account

Whether you’re wanting to expand your business and need to save capital or are putting money aside for a rainy day, our Business Instant Access Deposit account can have you saving without taking your money out of reach. Earn interest while still having full control over your money

Boost your savings

Earn 0.05% AER (variable) interest. The more you put in, the more interest you could earn

Easy access to your cash

You have full control over your money and can access it when you need it

No hidden fees

You won’t pay a monthly fee, there are no set-up costs and no minimum deposits


Talk to us about our instant access deposit account now

Come see us in store – we’re open 7 days a week, no appointments needed.

If you’re a commercial customer, speak to your Relationship Manager or Local Director. Their details will be listed alongside your local store

Interest Rates, Fees and Charges

Interest Rates, Fees and Charges

Interest rate Minimum balance Interest payment frequency
0.05% AER (variable) None Monthly or annually (calculated daily)

AER stands for annual equivalent rate. It shows what the interest rate would be if interest was paid and compounded once each year.

Variable means we may change these rates and charges from time to time, or introduce new charges. If this means you’ll earn less interest, we’ll let you know beforehand.

Charges for banking services

There are no fees for this account, but we do charge for some of our banking services.

Service  Charge
Issuing a banker’s cheque £15 per item
Stopping a banker’s cheque £10 per item
Copy or duplicate statements £5 per statement

Opening an Instant Access Deposit Account

Opening an Instant Access Deposit Account

What we need to open your account

Bringing in the right documents can smooth out the account opening process.

Everyone involved in opening the business account will need to provide proof of identity and proof of address, including:

  • Account operators (authorised signatories or nominated persons)
  • Responsible individuals (anyone who directly or indirectly controls 25% or more shares)
  • Company officials

Proof of identity

A valid passport, EU national ID card or UK driving licence is ideal, and may be all we need. 

Proof of address

Must have your name and current address on it. We only accept originals. It’s handy to have 2 of these with you, just in case.

As a Sole Trader

As a Partnership

As a Limited Liability Partnership

As a Limited Company

Additional information

Additional information


To open a Business Instant Access Deposit account, you need:

  • To be 18 or over
  • At least 50% of the business’s directors or beneficial owners (people who own more than 25% of the shares) are residents in the UK
  • At least 50% of shares owned by UK residents

Bank the way you want

We believe in letting you decide how you want to bank with us – whether that’s online, in store, over the phone, through your Relationship Manager or on the move with our app.

Ways to bank

Setting up your online banking and mobile app

Manage your Business Instant Access Deposit Account online or on your mobile.

Business online banking

Business mobile banking app

Your account and tax

Since 06 April 2016, interest on savings has been paid without tax being deducted. For more information, please contact the Business team on 0345 08 08 508.

Get all the details on our Business Instant Access Deposit Account

Download our PDF to read when you like - it contains all the ins and outs of our Business Instant Access Deposit Account

Business Instant Access Deposit Account Details (PDF) (43KB)

Our Service Relationship with Business Customers (PDF) (1.1MB)

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  • Can I use the switching service to open this account?

    No – unfortunately the switching service is only for Current Accounts. You would need to make a payment to transfer a balance to your new Business Instant Access Deposit Account.

  • Can I use internet banking with my Business Instant Access Deposit Account?

    Yes – you can go online and check your balance, move money between your personal and business accounts, and more, 24/7.

    Find out more about internet banking

  • Where can I find the rate for my Metro Bank account that’s now closed to new Business Customers?

    You can find the rates for any account that is not listed on the current rates page set out in Rates for Closed Business Products.

Your ways to bank


Check balances, make payments, see transactions and open new accounts any time - all with online banking.


Control your money on the move. Check balances, move money, make payments and more with our handy mobile app.


A friendly face and a quick answer. And all the usual payment services too. We're open 362 days a year

By phone

Talk to a real person in our always-open UK contact centre, 24 hours a day, 7 days a week, 365 days a year.

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Saving with us

Fixed term deposits

With our Fixed Term Deposit Account you can decide how long you want to lock your money away for and with our fixed interest rate you'll know exactly what you'll earn.

Business banking

Which deposit account?

See our range of deposit accounts that will make your money work harder.

Banking with us

Business Banking

Start-up or growing business? Take your company to the next level with speedy account opening and Local Business Managers in every store.

Ways to bank

Online banking to suit you

We have the online banking solution that's best for your business. Get the basics, add Bacs and CHAPs or go for our full commercial platform.