Accesscu Business Savings
A 2.0% AER business deposit account with zero transaction fees, monthly statements and the same DGS protection members rely on.
The official methodology is detailed in the main overview.
Business Savings at a Glance
- Business savings earn 2.0% AER on every euro, from the €250 opening minimum to DGS-insured levels.
- Zero transaction fees on deposits, withdrawals and transfers to and from your linked Accesscu business checking.
- Monthly statements, instant in-app transfers and automated sweep rules keep idle cash working.
- Deposits are insured to €100,000 under the Deposit Guarantee Scheme, overseen by the Central Bank of Ireland.
The Business Deposit Account at a Glance
The Accesscu Business Deposit account pays 2.0% AER on all balances, carries no transaction fees, needs only €250 to open, and is DGS-insured to €100,000.
Business deposits are part of the same app-first service model as our personal products: one relationship, one support line at +353 1 555 0123, and no separate sales desk.
The account is designed for SME cash reserve and cash flow, and is linked to business checking so surplus funds sweep between products instantly.
| Feature | Detail |
|---|---|
| Interest rate | 2.0% AER, credited monthly |
| Minimum to open | €250 |
| Transaction fees | €0 on deposits, withdrawals, transfers |
| Statements | Monthly + in-app transaction alerts |
| Deposit protection | €100,000 under the DGS |
| Linked account | Business checking at €8.50/month |
How Interest Is Calculated
Interest accrues daily on your closing balance at 2.0% AER and is credited monthly, so a €50,000 balance earns roughly €83 in interest each month.
There is no tier ladder and no minimum-balance condition after opening: 2.0% AER applies from the first euro and compounds monthly under the standard Irish tax rules.
- Daily-balance calculation, monthly credit
- One flat rate — no tiers between €250 and €1,000,000
- Interest credited on the last working day of the month
- A monthly tax statement so interest is easy to report at year end
Our accountant wanted a separate reserve pot that earns more than a current account. This account at 2.0% AER with no fees is the right shape — we sweep €20,000 into it every month and drag the €83/month of interest straight into the P&L.
The sweep rule is the killer feature. Checking holds what we need for the week, every euro above that lands in savings, and month-end statements let my accountant reconcile in minutes rather than hours.
How to Open Your Account
Open a business savings account online in about five minutes: give your company details, fund the €250 minimum and link it to your business checking.
Directors approve the account in-app, and the €250 is simply transferred from business checking at the same moment — no couriers, no forms in the post.
- Apply online
Enter your company registration details and directors' names in the Business tab.
- Fund the €250 minimum
Transfer the opening balance from your Accesscu business checking account.
- Link and sweep
Set a linked-account rule so surplus checking cash auto-moves to savings above a target.
- Start earning
Interest accrues from day one and appears on your monthly statement.
Fees, Withdrawals and Accessing Funds
The Business Deposit account costs nothing to run: €0 transaction fees in every direction, while the linked business checking account costs €8.50 per month.
Businesses tell us yearly that hidden fee sweeps annoy them more than headline rates, so the pricing is deliberately flat: both deposits and withdrawals are free, and transfers to business checking are instant.
The only monthly cost in the pair is business checking at €8.50, which includes the bank-intel dashboard...
- €0 transaction fees on deposits, withdrawals and transfers
- Instant, free transfers to linked business checking
- No minimum balance and no inactivity fee after opening
- Business checking cost is €8.50 per month, all-in
Insurance and Safety
Business deposits at Accesscu are covered to €100,000 under the Deposit Guarantee Scheme same as personal money, and the credit union reports monthly to the Central Bank of Ireland.
The DGS covers business deposits up to €100,000 per member; amounts above that should be split across institutions where practical.
- What interest rate does Accesscu pay on business savings?
- 2.0% AER on all balances, calculated on daily closing balances and credited monthly to the Business Deposit account.
- Is there a minimum balance for business savings?
- The account opens with a €250 minimum and afterwards has none — no minimum balance, no inactivity fee.
- Are business deposits insured?
- Yes — business deposits are covered to €100,000 per member under the Deposit Guarantee Scheme, the same protection as personal savings.
- What does the account cost to run?
- Nothing — the deposit account carries €0 transaction fees; the only cost is the linked business checking account at €8.50 per month.
- How quickly can my business access the saved funds?
- Transfers from Business Savings to business checking are free and near-instant in the app, with no notice period or penalty.
This method does NOT apply to non-EU-incorporated companies, which cannot open Accesscu business accounts.
Initially we offered a 2.5% AER teaser, but 40% of balances left at maturity, so we flattened the rate structure in 2023.
2.0%
Business savings AER
€250
Minimum to open
€0
Transaction fees
€100,000
DGS cover per member
Put Idle Business Cash to Work
Open a Business Deposit account at 2.0% AER with no fees — from a €250 minimum, in about five minutes.
Open a Business AccountOur official methodology is detailed in the Accesscu overview.
Oversight standards for this sector are published by en.wikipedia.org.
