Kent Reliance enters corporate savings market

The account has an interest rate of 0.90% AER, can be opened online in under 10 minutes and requires a £1,000 minimum opening deposit.

Research conducted by Kent Reliance found that UK businesses have over £90bn currently saved with UK banks, with £18bn of this not tied to the big four current account providers.

Will Davies, Head of Retail Proposition at OneSavings Bank, said:

“We recognise that business customers want quick efficient service with a decent return – business deposits are often kept with their current account provider, a convenient option but giving little in the way of return on investments. Our business savings account aims to fill this gap, and we are excited to be able to offer an account which is easy to open, simple to manage and offers an attractive rate of interest.”