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Business Savings and INvestments - ideas! (merged)
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cairon
Posts: 31 Forumite
My business has a reasonable sum in its savings account - call it a war chest or rainy day money but some of it we wont need for a year or more. Right now it earns a miserable 3.5%. Good savings rates for businesses seem hard to find. Any ideas on which is the best way for a limited company to invest reasonable sums for the best return - long term, mid term or instant access.
All ideas really welcome.
All ideas really welcome.
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We want to put say £1000 per month from our main account to a savings account, our accountant says it must be a businesss account we will want to draw on it in a 30 day notice but want some interest can anyone recommend, its basically to save for new vehicles and maintenance etc0
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Halifax (through its parent company Bank of Scotland) are currently offering a business savings account until June 30th called the Total Business Account.
1st year interest rate guranteed to be .25% above base. Then variable currently 1% below base.
Open with £1, instant access with online or telephone, no credit checks need, no fees and no other catches. There is a Current Account version with same high rates with credit checks and one 30p transaction fee.
Should be currently marketed in most branches, just pop in and ask or visit the BoS website.
There are some decent deals around, banks need more savings to help with the credit crunch!
JamesI work for Halifax (a division of Bank of Scotland plc, owned by HBOS plc, owned by Lloyds Banking Group plc). Any comments or views are my personal comments and opinions and not those of my employer. Oh and I might (on the odd occasion) get something wrong, if I do then I do apologise in advance!!0 -
I work for Halifax (a division of Bank of Scotland plc, owned by HBOS plc, owned by Lloyds Banking Group plc). Any comments or views are my personal comments and opinions and not those of my employer. Oh and I might (on the odd occasion) get something wrong, if I do then I do apologise in advance!!0
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I'll merge those two ...Signature removed for peace of mind0
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Kaupthing Singer & Friedlander offer 5.60% gross (5.75% AER) on £25k in their 180 day notice Premier Base Rate Tracker (rate adjusted for latest BOE BR reduction):
http://www.kaupthingsingers.co.uk/tr...erestrates.htm
If you've got £100k, they offer 5.91% on a 1 year Money Market account.
I've been with them for a while and find them to be excellent.0 -
cloudstrife wrote: »Halifax (through its parent company Bank of Scotland) are currently offering a business savings account until June 30th called the Total Business Account.
1st year interest rate guranteed to be .25% above base. Then variable currently 1% below base.
Open with £1, instant access with online or telephone, no credit checks need, no fees and no other catches. There is a Current Account version with same high rates with credit checks and one 30p transaction fee.
Should be currently marketed in most branches, just pop in and ask or visit the BoS website.
There are some decent deals around, banks need more savings to help with the credit crunch!
James
Thanks for this. I've just opened an account with them and am waiting for the forms to come through. I did have to laugh that I'm wanting to stash quite a sum of money with them, and they credit checked ME! I'm more credit worthy than some of the banks these daysMake £2025 in 2025
Prolific £229.82, Octopoints £4.27, Topcashback £290.85, Tesco Clubcard challenges £60, Misc Sales £321, Airtime £10.
Total £915.94/£2025 45.2%
Make £2024 in 2024
Prolific £907.37, Chase Intt £59.97, Chase roundup int £3.55, Chase CB £122.88, Roadkill £1.30, Octopus referral reward £50, Octopoints £70.46, Topcashback £112.03, Shopmium referral £3, Iceland bonus £4, Ipsos survey £20, Misc Sales £55.44Total £1410/£2024 70%Make £2023 in 2023 Total: £2606.33/£2023 128.8%0
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