BusinessFinancing.co.uk

Compare Business Bank Accounts & Loans

In partnership with:
BusinessBankAccounts.co.uk and Tide

Masthaven Business Savings & Banking


Last Updated: 20 May 2025
Reviewed By: Ian Wright (Managing Director)

Please note: Masthaven Bank announced its intention to withdraw from the UK banking market in February 2022. As a result, we have been returning depositors’ funds with the majority having been repaid between January and March 2023. Masthaven Bank has established an independent Trust arrangement, managed by a professional Trustee, Zedra Trust Company (UK) Ltd, which will enable the small number of depositors (or, in some cases, the Personal Representatives of their estate) it was not able to repay to obtain amounts equivalent to their deposits.

Masthaven has been lending to personal customers since 2004, and launched business savings options in 2018 after gaining a banking licence two years earlier. Competitive savings accounts are available to “the UK’s underserved SMEs”, but borrowing is currently only available to individual customers.

Masthaven Business Savings

Sections

Toggle
  • Masthaven Business Banking Services
    • Current Accounts
    • Savings account
    • Overdrafts
    • Business finance and loans
  • Masthaven Reviews and Ratings
  • Pros
  • Cons

Masthaven Business Banking Services

Current Accounts

Not available.

Savings account

Accounts are available for UK-based Sole Traders and Limited Companies. You can save £5,000 – £500,000 with Masthaven. The longer you save, the higher the return you’ll get on your money. A business can open up to 4 accounts with a combined value of £500,000.00.

Fixed terms range from 6 months to 2 years, and you’ll earn from 0.75% to 0.85% AER. Interest is calculated daily and paid annually. You can’t withdraw until the saving term ends.

Overdrafts

Not available.

Business finance and loans

Borrowing is only available for personal customers. Currently not available to businesses.

Masthaven Reviews and Ratings

Trustpilot reviews are very mixed with some customers very critical and some very positive, but mostly individual not business customers. The critical reviewers had problems with Masthaven’s solicitors and borrowing products, finding it hard to complete their planned purchases.

Reviews on Feefo are almost entirely positive. Customers think they’re fast, easy to deal with and have good communication, but the application process could be a bit simpler.

There is only 1 review on Reviews.co.uk which is negative and none on Smart Money People. Masthaven isn’t included in the Which? list of ‘Best & Worst Banks’.

Masthaven won CFI’s Most Innovative Digital Retail Bank UK 2018 and Savings Account Provider of the Year at the MoneyAge Awards 2019.

In April 2019, Masthaven secured an investment of £60 million from Värde Partners. The bank is planning to use the funds to “bring more capacity to the UK market” and innovate lending and savings products. This recent investment could open up more options for businesses, but nothing is guaranteed.

Trustpilot –  2.8/5 (based on 18 reviews)
Feefo – 4.5/5 (based on 703 reviews)
Reviews.co.uk – 1/5 (based on 1 review)
Smart Money People – no reviews
Which?
– not included

Pros

  • Competitive interest rates.
  • Choose your own savings period.
  • Very positive reviews on Feefo.

Cons

  • Reviews vary a lot depending on where you look.
  • Borrowing not available to businesses.

Website: Masthaven Business Banking

Disclaimer: Businessfinancing.co.uk is a business finance and lending research and information website publisher. We are not a lender, bank, broker and/or other financial institution and as such we are not authorised or regulated by the FCA to offer financial advice. We can't recommend any of the products and/or services featured on the site. Companies are ranked in no particular order and higher ranking does not imply one company is better than another. We work with FCA authorised and regulated firms who may pay us a commission for referring you to them but this has no impact on our content and helps keep this website free to use.



business bank account

Compare Top 49 UK Business Bank Accounts In 2025

free business banking

17 Best Free Business Bank Accounts In The UK For 2025

7 Easy To Open Business Bank Accounts With No Credit Check

Top 14 UK Business Accounts With Overdraft

31 Best UK Business Savings Accounts Rates Up To 5.25%

Top 33 Sole Trader Bank Accounts In The UK

Top 17 Business Credit Cards In The UK For 2025

21 Best UK Prepaid Business Expense Cards

Best Business Bank Accounts · Free Business Bank Accounts · Business Savings Accounts · Business Credit Cards
Blog · About Us · Contact US · Privacy Policy · Terms of Use
Copyright © 2025 BusinessFinancing.co.uk

Registered Office Address:
3rd Floor Great Titchfield House, 14-18 Great Titchfield Street, London, United Kingdom, W1W 8BD
Company number 10490224