Tide's company Instant Access Saver provides one of the best interest rates on the market for SMEs trying to increase their returns
The British economy's champions are small and medium-sized (SME) business owners, and for the majority of them, financial resilience is essential.
Opportunities in the business world can come up out of the blue. Having fast and simple access to your money is crucial, whether you're managing seasonal surpluses, a successful funding round, or a spike in sales. But it's hardly the best idea to just leave it in a current account with low interest. While you sleep, that money could be generating extra revenue for your company.
For that reason, Tide created the Tide Instant Access Saver.
Small and medium-sized businesses can maximize their excess funds without locking them up with the help of this product. Its goal is to maximize profits for businesses while preserving much-needed flexibility.
Businesses can set aside funds with the Tide Instant Access Saver, for instance, to settle an impending tax bill, and receive a refund.
Business savings.
Tide was founded in 2015 with the goal of revolutionizing small business banking in the UK by offering key banking services along with a variety of integrated administrative tools. The business welcomed its one millionth customer at the end of the previous year, which included over 650,000 UK clients, or 11% of the UK's small business market share.
The company's Instant Access Saver is a crucial component of its product line. The product, which was created especially for small businesses, offers tiered interest rates, with higher rates available for businesses with larger balances. The website provides specific rates and thresholds, along with a calculator to estimate return on investment. There is no cap on the amount of money that SME owners can save. It also provides immediate access to money with no withdrawal fees. Monthly interest payments are made after daily calculations.
All owners of Tide Business Current Accounts and business bank accounts at other institutions are eligible to open the account.
The plan that best fits their business can be chosen by account holders, and the more they save, the better the interest rates become. During the first six months after opening an account, new customers can receive Tides' best interest rate of up to 4.22 percent AER free. The rate varies according to their selected plan after six months.
SMEs can use their money right away with the Tide Instant Access Saver. It allows small business owners to take advantage of growth and reinvest excess funds. It also gives you immediate access to your savings without tying you down.
Many advantages.
Anyone who wants to open an account can use the Tide Instant Access Saver. A Tide Business Current Account is not required in order to benefit from the available rates.
Individual accounts may be funded using an already-existing business account. The advantages of the Tide Business Current Account, however, might be too compelling for users to ignore.
In addition to offering integrated tools to assist small businesses in managing invoices, accounting software, and expenses, there is no monthly operating fee for the account.
Tides SME-focused accounts help business owners maximize their money and lessen the administrative load by combining one of the greatest savings products available with their accounts. Tides Instant Access Saver may be the ideal tool for your company, regardless of whether it has recently raised capital, is expanding, or is handling excess funds from sporadic cash flow or seasonal revenue. For more information, go to the Tides website right now.
Product Disclosure: Up to 4.22 percent AER (variable) can be earned while saving more. The top interest rate for balances over £1 million is the result of a tiered system. The portion falling within each range is subject to the tier rates. For the first six months, these rates are free for new Tide members; after that, your Tide plan rates apply. Correct rates as of August 5, 2025.
Information about the Company: Please be aware that Tide reserves the right to open a Tide Account for you only after you have successfully completed our onboarding and client verification processes in accordance with the Tide Terms. Tide Platform Ltd, 66 City Road, London, EC1Y 2AL, 4th Floor, The Featherstone Building. based in England. Number of company registration: 9595646.
Leave a comment on: Spark up your company's finances