Business savings
Savings that work harder for everyone.
By saving with us, you're part of a growing network backing community impact, shared financial wellbeing, and long-term resilience.
Apply today and your business can earn 3.04% AER / 3% gross on your instant access savings.
Starting 1 October, 2025, the interest rate on the Business Saver is being adjusted to 2.78% AER / 2.75% gross.
Why GWCU?
Our impact begins with the people we serve. We support individuals and families often overlooked by mainstream lenders- providing fair, accessible financial solutions where theyâre needed most. These insights are powerful indicators of financial exclusion, and more importantly, the opportunity for meaningful change. We exist to bridge that gap.
Supporting real people to access credit:
- 87% of surveyed GWCU members live in households earning under ÂŁ40,000.
- 77% are women, many of whom are primary caregivers.
- 44% are single parents, nearly double the UK average of 23%.
- 17% identify as ethnic minorities, more than twice the South West average of 7%.
Real community impact:
- 19% of all lending and savings activity at GWCU was to people in the bottom 20% of areas by levels of deprivation.
- We supported 612 un-homed families to access accommodation through affordable lending.
What's on offer?
Competitive 3.04% AER / 3% gross (i)
Starting 1 October, 2025, the interest rate on the Business Saver is being adjusted to 2.78% AER / 2.75% gross.
This account is instant access and has no notice period for withdrawals.
You can save anywhere from ÂŁ1, up to ÂŁ85,000.
Your savings are protected by the Financial Services Compensation Scheme (FSCS)
Keep in mind
- Interest is calculated daily and added monthly
- The interest rate may change (although weâll give you notice if it goes down)
- This account may not be right for you if your business intends to make regular withdrawals (ii)
- This account is only available to businesses that are legally separate from their owners, such as limited companies and registered charities. It is not available to personal customers, or sole traders
(i)Â AER (Annual Equivalent Rate) is the interest rate if interest were paid once a year, including previous interest payments.
Gross is the gross interest paid before the deduction of tax.
Interest is calculated daily and added to the account balance calendar monthly.
The interest rate is not fixed and can go up or down.
Interest is paid gross, and it is the responsibility of the business to pay any tax owed to HM Revenue & Customs (HMRC).
(ii)Â Â Withdrawals are limited to 1 in any two month period, and 4 in a calendar year.
Join and save today
Print out the application form, fill it out and send it to us using our âpostage paidâ address.
Who can open a business saver?
This account is for businesses that are legally separate from their owners, such as limited companies and registered charities. Itâs not available to sole traders or personal customers.
What would the estimated balance be after 12 months based on a £1,000 deposit?
The total interest at the end of 12 months would be ÂŁ30.40 at the rate of 3.04% AER.Â
This means that the balance after 12 months would be ÂŁ1,030.40.Â
This assumes that you opened the account on the 1st day of the month and didnât add or take out any money and there is no change to the interest rate over the year.
How often can someone withdraw from the business saver?
You can make 1 withdrawal every 2 months, and up to 4 withdrawals a year.
So while the account gives you instant access, itâs designed for savings you want to grow.
Who can manage the business saver?
Only the signatories named on your account can manage the Business Saver. Youâll need to name at least one when you apply and you can name up to four.
Each signatory can request access to the member portal, where they can:
- View transactions
- Make withdrawals
- Download statements
Youâll also nominate a lead signatory as theyâll be the main point of contact for updates and communications.