Based on 327 reviews
A product by Allica
Allica Bank provides a range of different business savings accounts. Allica Bank business savings accounts include fixed rates, notice accounts and an easy access option. You can apply for and manage...
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Frequently asked questions
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What is a business savings account?
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A business savings account enables businesses to securely save excess funds and earn interest on the balance.
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How does a business savings account work?
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A business savings account works in a similar way to a personal savings account. It allows you to keep savings separate from funds required for day-to-day business expenses.
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What is a business savings account used for?
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A business savings account is used to safely put surplus money aside for future use. The money saved can be used for anything, whether it's investing in new equipment, paying taxes, expanding your business or as an emergency fund.
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Should you have a business savings account?
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Yes, it's a good idea to have a business savings account that's separate from your business current account. At the very least, your savings account can be a contingency fund for emergencies which has the benefit of earning interest.
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