💸 Maximizing Business Cash with Capital On Tap's 4% Savings Account
Welcome to Smart With Points, the podcast where we explore the world of travel, flying, and making the most of your miles and points. I'm your host, Jack, and today we're talking about a fantastic new option for UK business owners to make their cash work harder. Capital On Tap has just launched an impressive 4.00% AER instant access savings account, and I'm excited to dive into the details. As someone who already uses two Capital On Tap business cards for my Avios earning strategy, this new addition to their product lineup makes perfect sense for small business owners seeking both returns and flexibility. So, what makes this savings account stand out? Well, the new Capital On Tap Instant Savings account, powered by ClearBank, strikes an excellent balance between competitive returns and accessibility. You get 4.00% AER variable interest on your entire balance, instant access to your funds whenever needed, with no lockup periods, no minimum balance requirement, so you can start with just one pound, unlimited deposits with no maximum balance restrictions, zero monthly fees, and FSCS protection on eligible deposits up to eighty-five thousand pounds. For business owners, this combination of features addresses a common challenge: how to earn a decent return on cash reserves while maintaining quick access for unexpected opportunities or expenses. Now, there is a catch, and that's that this account is exclusive to existing Capital On Tap Business Credit Card customers. If you don't already have their card, you'll need to apply for one first. However, this isn't necessarily a bad thing, as their business credit cards offer impressive benefits that complement the savings account. You can earn 1% cashback or 1 Avios per pound spent, which is a great option if you're collecting Avios points. You also get free employee cards, no foreign transaction fees, which pairs nicely with Curve's 1% international cashback, and integration with accounting software. The fact that Capital On Tap recently dropped their annual fee makes this an even more compelling combination. As a small business owner myself, I understand the importance of maximizing every pound while maintaining financial flexibility. With UK interest rates still relatively high in early two thousand and twenty-five, this 4.00% return represents a solid opportunity to make idle business cash work harder. The seamless integration with existing Capital On Tap accounts means you can manage both your business spending and savings in one place, a convenience that shouldn't be underestimated when you're juggling multiple aspects of running a business. In my opinion, opening this savings account seems like a no-brainer if you have business cash reserves earning less than 4.00%. Even with potential future Bank of England rate adjustments, the combination of competitive interest, instant access, and zero fees makes this an attractive option. For those without a Capital On Tap card, this new savings account provides additional incentive to consider their business credit card offering, especially if you're in the market for a new business card anyway. I'll be moving some of my business reserves to this account to take advantage of the rate while maintaining flexibility, something that's particularly valuable in today's uncertain economic climate. Thanks for listening to this episode of Smart With Points. If you want to stay up to date with the latest news and tips on traveling with miles and points, be sure to subscribe to our podcast on all major platforms or visit our website at smartwithpoints.co.uk.
