Business savings and deposits that work harder

Business savings and deposits help a company place surplus cash using fixed-term, notice or instant-access accounts while balancing yield and access to funds. This page explains the account options and points to consider before making an enquiry for day-to-day cash needs.

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What business savings and deposits are

Business savings and deposits help a company place surplus cash with the right institution. The account types covered here are fixed-term, notice and instant-access. The aim is to maximise yield without sacrificing liquidity.

Oku Financial works independently, with no balance sheet to protect and no product to push. Surplus cash is frequently under-deployed; we consider the business's needs before discussing suitable account options.

Who it suits

Cash position: businesses holding surplus cash, including after a large receipt or a strong trading period.

Access needs: companies with predictable cash flows that can set money aside for planned spending, while deciding which funds need to remain accessible. The choice between instant access, notice and fixed-term accounts depends on those needs.

These are factors to discuss, not a guarantee of eligibility. All accounts are subject to provider criteria and eligibility.

Fixed-term, notice and instant-access

Fixed-term, notice and instant-access are the account types available. They provide different named ways of placing surplus business cash. We start with the requirement and the right institution; this page does not quote a yield or assume an account duration.

Instant-access options are available, and we aim to maximise yield without sacrificing liquidity. Tell us what your business needs and what you want to achieve. We work independently across the market, without a balance sheet to protect or a product to push.

Why an independent broker, not your bank

Independent

We have no balance sheet to protect and no product to push. We work independently, matching the requirement to the right lender rather than starting with a product to sell. The conversation starts with what your business needs, not with an existing lending product.

An independent approach means the finance requirement comes first. Trade finance, business lending and capital & liquidity are different funding disciplines, and we tell you which fits before approaching a lender. We present the options clearly and without bias, so the choice remains with your business.

Fast

We take your opportunity to the right lenders simultaneously, creating genuine competition and compressing timelines. This describes how we approach the market, not a promise about an approval or drawdown date. The facility is structured before the opportunity is put to the right lenders.

The purpose of approaching lenders simultaneously is to bring back options that can be reviewed together. We negotiate on your behalf and present those options clearly. Rather than negotiating blind, you can review the offers in the context of the requirement we have already discussed and structured.

Precise

We design the deal before we approach a lender: size, tenor, security and covenants. The structure comes first, so the opportunity we take to market reflects what your business needs. We then match the requirement to the right lender without unnecessary structure or cost.

The starting point is a conversation about your business and what you want to achieve. The product name is only part of that conversation. We identify the right structure and prepare the opportunity properly before going to market, then explain the options clearly before you choose.

How it works

Tell us what you need
Tell us about your business and what you are looking to achieve. The starting point is the requirement rather than a finance product. We take the time to understand your business properly and tell you which funding discipline fits before approaching a lender.
This conversation gives us the context for structuring the facility. We work across trade finance, business lending and capital & liquidity, so the discussion can start with the business need rather than assuming that a particular product is the answer.
We structure your facility
We identify the right structure and prepare your opportunity before approaching lenders. The deal is designed first: size, tenor, security and covenants. We match the requirement to the right lender without unnecessary structure or cost, keeping the business need at the centre of the process.
Once the opportunity has been prepared, we approach the right lenders simultaneously. That creates genuine competition and compresses timelines. We negotiate on your behalf, with the structure of the facility established before the opportunity is taken to market.
Review your offers
We bring back competitive options from lenders, presented clearly and without bias. You choose. The offers are reviewed against the requirement and the structure of the facility, rather than treating every offer as the same product. We tell you which fits before approaching a lender.
Our role is to present the options clearly so you do not negotiate blind. We are an independent broker, not a lender. The choice remains with your business, and the facility remains subject to status and the requirements of the finance provider.
We close it
We manage the process through to drawdown, coordinating lenders, lawyers and paperwork. This is the final step in the same process that began with understanding the business need. Our role continues through the placement of the facility, rather than ending when offers are presented.
Tell us what you need, let us structure the facility, review the offers and choose the option that fits. We then manage the steps through to drawdown. All finance remains subject to status; guarantees and indemnities may be required.

Download product sheet (PDF)

Frequently asked questions

What account types are available?

Fixed-term, notice and instant-access.

Why use Oku rather than my bank's savings account?

Surplus cash is frequently under-deployed. We are independent, with no balance sheet to protect, and look across the market for the right institution.

Can I still access my cash?

We aim to maximise yield without sacrificing liquidity, with instant-access options available.

What FSCS protection is stated for eligible deposits?

Eligible business deposits held with a UK-authorised bank, building society or credit union are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per eligible depositor per authorised bank. Banks in the same group that share a banking licence count as one bank for this limit. This protection comes from the FSCS and the partner bank or provider that holds your funds, not from Oku Financial, which is a broker and does not hold deposits. Eligibility depends on your business and the provider.

Is Oku Financial a lender?

No. Oku Financial is a commercial finance broker. We work with a panel of lenders to find funding for UK businesses.

What minimum deposit may be required?

Minimum deposits vary by provider; some require £10k–£25k minimum. All figures are indicative and subject to status.

What rate and access apply to easy-access savings?

Easy-access savings have a variable rate, with funds available on demand. No numerical savings rate is stated. All figures are indicative and subject to status.

Related finance pages

Want to discuss your requirements?

Tell us about your business and what you are looking to achieve.

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