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This UK bank says some customers could earn up to £10,000 a year in interest
Allica Bank offers up to £10,000 interest and 1.5% cashback on business cash with no fees and dedicated support for UK companies, enhancing idle cash returns.
- Published 29th Jan 2026, Allica Bank launched a Business Rewards Account offering high interest on idle cash and up to 1.5% cashback to UK businesses.
- With rivals updating rewards, the announcement comes as banks try to remain competitive with offers like Santander's 200 and 25, and The Co-operative Bank's 175 switching deals, using the Current Account Switch Service.
- The product is digital-first with an online dashboard and mobile app that connect to Sage and Xero, and a business with around 250 could earn roughly £10,000 over 12 months, according to the bank.
- According to the bank, the account could make a meaningful difference for companies that routinely keep significant funds, with no monthly account fees and online account opening benefiting SMEs and business customers.
- Given its rapid growth, Allica Bank was Europe's fastest-growing startup last year, and offers a 7 per cent AER Regular Saver with a 250 cap, according to the bank.
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Leaning Left1Leaning Right1Center7Last UpdatedBias Distribution78% Center
Bias Distribution
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78% Center
11%
C 78%
11%
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