Capital On Tap Launches Impressive 4.00% AER Instant Access Savings Account

Good news for UK business owners looking to maximize their cash reserves! Capital On Tap has just launched a new Instant Access Savings account that offers an impressive 4.00% AER variable interest rate. 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.

What Makes This Savings Account Stand Out?

The new Capital On Tap Instant Savings account, powered by ClearBank, strikes an excellent balance between competitive returns and accessibility. Here's what you get:

• 4.00% AER variable interest on your entire balance

• Instant access to your funds whenever needed (no lockup periods)

• No minimum balance requirement (start with just £1)

• Unlimited deposits with no maximum balance restrictions

• Zero monthly fees

• FSCS protection on eligible deposits up to £85,000

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.

The Catch (There's Always One)

The only limitation is 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 – their business credit cards offer impressive benefits that complement the savings account:

• Earn 1% cashback OR 1 Avios per £1 spent (a great option if you're collecting Avios points)

• Free employee cards

• No foreign transaction fees (which pairs nicely with Curve's 1% international cashback)

• Integration with accounting software

The fact that Capital On Tap recently dropped their annual fee makes this an even more compelling combination.

Why This Makes Sense for UK Business Owners

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 2025, 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.

My Take: Worth Considering

For existing Capital On Tap cardholders, 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. With the recent removal of the annual fee, their Avios-earning business card has become one of the more compelling options in the UK market.

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.

Have you tried Capital On Tap's products? What do you think of this new savings account option? Let me know your thoughts in the comments below!