BusinessFinancing.co.uk

Compare Business Bank Accounts & Loans

In partnership with:
NerdWallet, Swoop & Capital On Tap

Nationwide Business Savings & Banking

Nationwide is the UK’s largest building society, and offers business savings accounts with different levels of access. Even better interest rates are available for current account, mortgage, and personal savings account holders. There are 700 branches in the UK, and you can manage your business savings on the app 24/7.

Nationwide Business Banking

Nationwide Business Banking Services

Current account

Not available.

Savings account

There are three Nationwide business savings accounts available. If you already have a Nationwide current account, mortgage, or personal savings account, you can access higher interest rates. There are no fees.

Business Savings instant access account
Pay in and withdraw whenever you need to, and earn up to 0.65% AER/gross p.a. (variable). There’s a minimum opening balance of £5,000, and you can choose to have interest paid either weekly or monthly.

Business Savings notice accounts
You can open a notice account with a minimum balance of £5,000, and access your cash within 45, 95, or 125 days if you give notice. You’ll earn 0.85% – 1.25% AER/gross p.a. (variable). 

Business Savings fixed term accounts
Save for up to 1 year with fixed interest rates and earn 0.75% AER/gross p.a. (fixed). You can’t pay in gradually, your opening balance is fixed at between £5,000 and £10 million.

Overdrafts

Not available.

Business finance and loans

Not available.

Reviews and ratings

Trustpilot reviews are predominantly critical, with 70% of reviewing customers feeling strongly enough to rate them 1/5. A few are very happy with the speedy service, but others think there are too many account maintenance problems, and perks for members are a lot less beneficial than they seem.

On the opposite end of the scale, Smart Money People reviews are very positive. The large majority of customers are pleased with the easy account management, high rates of interest, and competitive benefits.

There are no public reviews on Reviews.co.uk. Nationwide is not included in the Which? list of Best & Worst Banks.

Nationwide won Best Business Variable Rate Deposit Account Provider at the Business Moneyfacts Awards 2018.

In 2019, Nationwide won a £50 million grant from a programme funded by the Royal Bank of Scotland. The building society is planning to use the funds to launch projects and products for SMEs, including training staff in business banking, and launching a business finance product.

Trustpilot 1.9/5 (based on 1,297 reviews)
Reviews.co.uk not available
Smart Money People 4.45/5 (based on 1148 reviews)
Which?
 not included

Pros

  • Competitive interest rates.
  • Good choice of different access accounts.
  • High rating on Smart Money People.

Cons

  • No current account available. You can only save with Nationwide.
  • Some critical reviews on Trustpilot.

Website: Nationwide 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

Top 51 Business Bank Accounts

Top 47 Startup & New Business Bank Accounts

Top 17 Business Overdrafts

Top 35 Business Savings Accounts

free business banking

Top 20 Free Business Bank Accounts

Top 41 Sole Trader Bank Accounts

About Us · Contact US · Privacy Policy · Terms of Use
Copyright © 2021 BusinessFinancing.co.uk