A leading UK financial institution is alerting business owners to a significant opportunity that could see their company's spare cash generate thousands of pounds in extra revenue with minimal effort. Allica Bank, recently crowned Europe's fastest-growing startup, is at the forefront of this initiative.
Substantial Returns Without Locking Funds Away
The core offering is a business current account designed to pay competitive interest on balances that are simply sitting in the account. Crucially, this return does not require investing, locking money away in fixed-term products, or taking on additional risk. Funds remain fully accessible for daily operational needs.
According to the bank's projections, a business maintaining an average balance of around £250,000 could earn close to £10,000 in interest during the 2026 calendar year. This 'quiet interest' accumulates passively, effectively allowing companies to earn money while they focus on running their operations.
Cashback and a Fully Digital Experience
Beyond interest, the account is structured to provide further value through a cashback scheme on everyday business expenditure. Eligible spending, from utility bills to office supplies, can earn cashback at rates of up to 1.5%, adding another stream of incremental return.
The platform is built on a digital-first model, featuring a clear online dashboard and a mobile app. This allows for easy monitoring of balances, payment management, and seamless integration with popular accounting software like Sage and Xero. Customers are also supported by a dedicated relationship manager for personalised assistance.
Simple Switching and Account Setup
For businesses considering a move, the process is designed to be straightforward. Switching is facilitated through the Current Account Switch Service, and Allica Bank emphasises there are no hidden charges that would erode the interest earned. Opening an account can be completed online, enabling firms to quickly assess how much harder their cash could be working over the next twelve months.
This combination of high-access interest, routine cashback, and a streamlined digital service presents a compelling proposition for UK businesses, particularly those that regularly hold larger working capital balances. It challenges the traditional approach of leaving significant sums in low-yielding accounts.
