At Focus Accountancy, we’re always on the lookout for ways to help our clients get the most out of their finances. That’s why we’re excited to introduce you to Allica Bank and their Business Rewards Account, designed to offer boosted interest rates and cashback rewards, all while maintaining excellent customer service and plenty of green credentials.
A Business Savings Account That Works for You
If you're looking to make the most of your business savings, Allica Bank’s Business Rewards Account is an excellent option. With their instant access Savings Pot, businesses can earn up to 4.58% AER on their savings. Here’s how it works:
Standard Rate: Balances between £1 - £5,000,000 earn a competitive 3.58% AER.
Bank Transfer Boost: Make 15 or more bank transfers in a calendar month, and Allica Bank will boost your savings rate by 0.5%.
Switching Boost: If you switch your business banking to Allica Bank using the Current Account Switch Service (partial or full), you’ll receive an additional 0.5% boost for six months.
Who is Eligible?
To open a Business Rewards Account with Allica Bank, your business must meet the following criteria:
Be incorporated for a minimum of 12 months.
Maintain a balance of £50,000 or more.
Or have a loan product with Allica Bank.
More Than Just Savings – Cashback on Your Spending
On top of their attractive savings rates, Allica Bank offers up to 1.5% cashback on business spending with no monthly fees. Here’s how much cashback you can earn:
1% cashback on eligible payments up to £10,000.
1.5% cashback on eligible payments exceeding £10,000.
Why Choose Allica Business Bank?
Allica Bank isn’t just offering great interest rates, they’re committed to supporting growing businesses and the environment. Their Business Rewards Account provides flexibility, competitive savings, and valuable cashback incentives, making it a smart choice for contractors, freelancers, and consultants looking to optimise their business finances.
Furthermore, they have strong green credentials. As a digital bank with no physical branches, they are largely paperless and promote recycling throughout their office space.
Alongside their own contributions to this effort, they will support their customers, colleagues and the wider community in their actions to achieve the same. Allica also considers the environmental impact of businesses before they become their customer, such as requiring a minimum EPC rating when someone wants a property. They actually give a discount on Energy efficiency.
This is Allica's Bank.Green Climate score, which shows that Allica is Climate Responsible.
At Focus Accountancy, we believe in connecting our clients with the best financial solutions available. If you’re looking to boost your business savings and make your money work harder, Allica Bank’s Business Rewards Account could be the perfect fit.
For more information, visit Allica Bank’s website or get in touch with our team to discuss how this account could benefit your business.
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