Allica Bank: SMEs Lose 2.83% in High Street Savings Gap

Allica Bank research shows UK SMEs lose £9bn (US$11.6bn) yearly as high street banks offer corporates premium rates while SMEs get just 1.28% interest.

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From: FinTech Magazine <newsletter@email.fintechmagazine.com>
Date: Tue, Mar 18, 2025, 3:00 AM
Subject: Allica Bank reports SME savings gap, Veriff warns of rising fraud, Thredd highlights payment risks, & More!
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Allica Bank: SMEs Lose 2.83% in High Street Savings Gap

Banking

Allica Bank: SMEs Lose 2.83% in High Street Savings Gap

Allica Bank research shows UK SMEs lose £9bn (US$11.6bn) yearly as high street banks offer corporates premium rates while SMEs get just 1.28% interest.

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