Limited offer: No monthly fee for the first 12 months

  • Apply for a Cynergy Business Current Account today and enjoy no monthly fee for the first 12 months plus 1.50% AER interest on all balances. Fees apply for cash, CHAPS, SWIFT and SEPA transactions.

  • After 12 months you'll pay a simple, fixed fee of £25 a month covering all standard electronic transactions** and you'll still earn interest on every penny.

  • The offer is available to new customers for a limited time only. We reserve the right to withdraw the offer at any time. Businesses with existing Cynergy Bank Business Current Accounts aren't eligible for this offer.

  • See our ongoing fees and transactions charges

1.50%

AER* variable paid monthly at 1.49% gross p.a. for balances up to and including £25,000.

Earn 0.25% AER* variable (0.25% gross p.a.) on balances above £25,000.

 

* AER stands for annual equivalent rate and illustrates the interest rate if it was paid and compounded once each year.

 

Features

  • Earn 1.50% AER* variable (1.49% gross p.a.) on all credit balances up to £25,000 and 0.25% AER* variable on balances above £25,000 (0.25% gross p.a.).
  • No monthly fee for the first 12 months. £25 flat monthly fee thereafter covering all standard transactions**
  • Apply in as little as 15 minutes.
  • FSCS Covered.

** Excludes cash, CHAPS, SWIFT and SEPA transactions.

Who this product may be suitable for:

  • Businesses based in the UK and registered with Companies House, where applicable.
  • Sole traders, partnerships, limited liability partnerships and limited companies.
  • Up to 10 named individuals including Partners, Directors and shareholders. (Note, shareholders with a shareholding of 10% or more must be added).

Who this product is not suitable for​:

  • Personal current account holders. If you are looking for a personal current account, click here.
  • Charities or Trusts.
  • Non-UK businesses.

Apply in as little as 15 minutes

Please read the Business Current Account Terms and Conditions and Summary Box (below) before applying, to ensure you understand the features and conditions of the account.

Keep in mind

  • For your security an authentication app or device must be used to access online banking. 
  • Any individual who is a person of significant control and anyone you appoint as a user for your account must:
    • Be aged 18 or over
    • Be a UK resident and only a tax resident in the UK
    • Not be a US citizen

How to apply

  • Apply online – click the 'Apply Now' button above

How to continue your application

Please note that you will need the following when applying: 

  • Email addresses and phone numbers for any Ultimate Beneficial Owners with 10% or more, or any directors of the business (these details must be different to yours)
  • Your Unique Taxpayer Reference number (you can find this in your Government Gateway account/HMRC app)

Important product information

More features:

What is the interest rate?

  • 1.50% AER* variable paid monthly at 1.49% gross p.a. on all credit balances up to and including £25,000.
  • 0.25% AER* variable paid monthly at 0.25% gross p.a. on all credit balances above £25,000.

Interest will be calculated daily on the cleared balance in your account and added to the account balance monthly on your anniversary date from when you opened the account. If this falls on a weekend or bank holiday, your interest will be credited on the next working day.

Can Cynergy Bank change the interest rate?

Yes, the interest rate may change.

Please note that if we increase the interest rate of your Business Current Account issue, we may make the change immediately and notify you within a reasonable time afterward, either by email or on our website.

If we reduce the interest rate we will notify you 14 days before the change is made. If the Balance of your account is less than £100, we will not be required to give you notice ahead of making a change.

Please see Business Current Account terms and conditions for further details.

How do I open and manage my account

Business Current Account customers who are 18 or over and a UK resident can open an account online.

You will need:

  • Email addresses and phone numbers for any Ultimate Beneficial Owners with 10% or more, or any directors of the business (these details must be different to yours).

  • Your Unique Taxpayer Reference number (you can find this in your Government Gateway account/HMRC app).

You can only use Online Banking to manage your account and make payments.

For added security, when you use Online Banking, you’ll need to download and register our Authenticator App (available for free on Google Play or the Apple App Store) or request a Digipass®.

You will need access to the Authenticator App or Digipass every time you login and make any actions on your account. This added security step helps us know that it is you making the transaction so we can keep your account safe. See our Authenticator App guidance page for more information.

You may contact us by Secure Message via Online Banking, by telephone or in writing using the address or other contact details we have given you or which appear on our website. Please note we are unable to take transaction requests through these channels.

Additional Information

Interest will be paid without deduction of tax. You will need to deduct tax yourself by declaring it as part of your annual tax return.

AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. Gross interest is the contractual rate of interest.

We publish all current and historic issue interest rates on our website (https://www.cynergybank.co.uk/rates/) and within Online Banking if you hold one of our existing products.

Please read the important information below before applying:

Cynergy Bank Privacy Policy

FSCS Information Sheet / Exclusions List

Cynergy Business Current Account Conditions

Cynergy Business Current Account Fee Information Document

Apply in as little as 15 minutes

Please read the Business Current Account Terms and Conditions and Summary Box (above) before applying, to ensure you understand the features and conditions of the account.

* AER stands for annual equivalent rate and illustrates the interest rate if it was paid and compounded once each year.

** Excludes cash, CHAPS, SWIFT and SEPA transactions.

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Earn interest on every penny...

...with 1.50% AER* variable (1.49% gross p.a.) on balances up to and including £25,000, and 0.25% AER* variable (0.25% gross p.a.) on balances above £25,000.

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No monthly fee for the first 12 months

Enjoy no monthly fee for the first 12 months. Fees apply for cash, CHAPS, SWIFT and SEPA transactions.

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Smart onboarding

Apply for the Business Current Account in less than 15 minutes with our unique online application process. 

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Your money is protected up to £85,000

Cynergy Bank is a member of the Financial Services Compensation Scheme (FSCS). Your eligible deposits with Cynergy Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme.

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