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Business Instant Access Deposit Account

Business Instant Access Deposit Account

Whether you want to expand your business or set aside a cushion for rainy days, with our Business Instant Access Deposit Account you can start saving without comitting to a fixed deposit term. You can earn interest on your savings and still access your money whenever you need it.

Boost your savings

Put your savings to work with 0.20% AER (variable) interest. The more you put away, the more interest you could earn.

Easy access to your cash

Need to pay for something? Access your money whenever you need to. 

No hidden fees

There’s no monthly fee, no set-up fee and no minimum deposit. We do charge for some banking services though.

What you need to know

We’re up front with our customers about everything. We’ve created this handy summary of our Business Instant Access Deposit Account features so you can see the important information from the get-go.

Interest rateMinimum balanceInterest payment frequency
0.20% 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.


You can apply for a Business Instant Access Deposit Account if:

  • you’re aged 18 or over
  • at least 50% of your business’s directors and beneficial owners – people who own more than 25% of the shares – are resident in the UK
  • at least 50% of the shares are owned by people who are resident in the UK

Here’s what you need to open a business account

Opening an account

Open in store – we’re open 7 days a week, including after work and at weekends.

For more information, please call the Business Team on 0345 08 08 508 or simply talk to your Relationship Manager.

Find out what you need to open an account

Your account and tax

Since 6 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.

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

Get all the details to read at your leisure

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)(42KB)

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

Open an account

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Got a question? Find your answers here. 

  • 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


Metro Bank 24/7. Check balances, make payments, see transactions and open new accounts any time - all with internet banking.


Control your money on the move with our mobile banking app. Check balances, move money, make payments and more wherever you are.


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


If you need help you can talk to a real person in our 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.


Our guide to deposit types

The right deposit account can help you reach your goals. Discover how you can make your money work harder with our helpful guide.


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.


Protecting your money

Your eligible deposits with Metro Bank are protected by the FSCS.