Capital on Tap Introduces Business Savings Accounts, Enhancing SME Financial Solutions

Capital on Tap has launched business instant access savings accounts, offering competitive interest rates with FSCS protection up to £85,000. Powered by ClearBank, the accounts allow unlimited deposits with no balance restrictions or fees. 

Capital on Tap, a leading small business credit card and spend management platform, has announced the launch of its new business instant access savings accounts. This strategic move is powered by Clearbank to enhance the financial solutions portfolio of Capital on Tap, positioning it as a comprehensive hub for small business financial management.

The savings accounts, powered by ClearBank’s embedded banking technology, offer competitive interest rates and provide businesses with a secure and flexible way to grow their savings. All eligible deposits are protected by the Financial Services Compensation Scheme (FSCS) up to £85,000, ensuring peace of mind for businesses looking to maximise their returns.

Capital on Tap’s Instant Savings account offers holistic business banking solutions

Small businesses often face challenges in accessing competitive savings products. Recognising this gap, Capital on Tap’s Instant Savings account offers:

• Unlimited deposits starting from just £1, with no maximum balance limit
• Zero monthly fees, ensuring cost-effective savings
• FSCS protection up to £85,000, safeguarding deposits under the Financial Services Compensation Scheme

The move is designed to provide small businesses with greater financial flexibility, allowing them to maximise returns without sacrificing access to their funds.

“This launch represents a fundamental shift in how small businesses can manage their finances,” said Alex Miles, Chief Operating Officer at Capital on Tap. 

“By combining high-interest savings with our existing credit solutions, we’re creating a comprehensive financial ecosystem that directly addresses the market gap for integrated business banking services.”

The rollout of the savings accounts was completed in under six months. The service was beta-tested with selected customers in October 2024 before its full launch, ensuring a seamless integration within the company’s existing customer portal.

The launch of business savings accounts is part of Capital on Tap’s ongoing growth strategy. The company has processed over £10 billion in business spending across the UK and US markets and has received industry recognition, ranking:

• #1 in the Fintech, Financial Services & Insurance category
• #5 overall in the Financial Times’ inaugural Europe’s Long-Term Growth Champions 2025 list

The Capital on Tap and ClearBank collaboration

Capital on Tap’s partnership with ClearBank has been instrumental in delivering a secure and high-value savings solution for small businesses.

“Small businesses have traditionally had to choose between easy access to their money and earning competitive returns. Through our strategic partnership with ClearBank, we’ve created a secure, instant-access savings solution that eliminates this compromise,” said Alex Miles, Chief Operating Officer at Capital on Tap. 

“This successful collaboration demonstrates our commitment to working with best-in-class partners to build the financial operating system that small businesses deserve, combining spending, saving, and rewards in one seamless platform.”

John Salter, Chief Customer Officer at ClearBank, added: 

“Collaborating with Capital on Tap to integrate secure and reliable savings accounts onto its portal has enabled the company to continue expanding its support to UK SMEs without compromising its seamless user experience. This partnership serves as another example of our growing embedded banking capability, and we’re looking forward to building on the great results to date with further collaboration in the future.”

About Capital on Tap

Capital on Tap is a leading financial platform enabling small businesses to manage their spending, access funding, and earn cashback and rewards. More than 200,000 small businesses have spent over £10 billion on Capital on Tap Business Credit Cards across the US and UK. The company has been recognised as a high-growth leader, ranking #1 in the Fintech, Financial Services & Insurance category and #5 overall in the Financial Times’ Europe’s Long-Term Growth Champions 2025 list.

About ClearBank

ClearBank is a technology-enabled clearing bank that enables partners to offer real-time payment and banking services through its modern infrastructure. It is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the PRA (Financial Services Register number: 754568). ClearBank Europe N.V. is authorised by the European Central Bank (ECB) and supervised by De Nederlandsche Bank (DNB).