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Business savings
trevor_john
Posts: 848 Forumite
Hi Guys
I have a bit of cash in my business savings account.I will speak to my accountant when he returns from hols bu=t wondered if you experts on here can help.I have £30k in my natwest business savings account.In October last year it earned £155 interest and in December around £100. the March interest went on and for the same £30k was ....£11.74 !!!!!! is that all about
I knew it would not be much but wow...i bet it would be a lot more if i BORROWED £30 k lol.
My question is as ltd company can i buy premium bonds with this company savings ? Its my company 100 % with no partners or borrowings etc.Any help will be much appreciated.
I have a bit of cash in my business savings account.I will speak to my accountant when he returns from hols bu=t wondered if you experts on here can help.I have £30k in my natwest business savings account.In October last year it earned £155 interest and in December around £100. the March interest went on and for the same £30k was ....£11.74 !!!!!! is that all about
I knew it would not be much but wow...i bet it would be a lot more if i BORROWED £30 k lol.My question is as ltd company can i buy premium bonds with this company savings ? Its my company 100 % with no partners or borrowings etc.Any help will be much appreciated.
Onwards and Upwards 
0
Comments
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Interest rates on a lot of savings accounts have now dropped to 0.1% so you are as well to look elsewhere.
No your ltd company cannot buy premium bonds with the savings even if it's your company 100%Make £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 -
You can get up to 3.11% gross on business savings: http://www.moneyfacts.co.uk/business/bestbuys/3/business-investment.aspx0
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Thanks .i am going to draw out a chunk as a diividend by some bonds and thats the best way.You are correct that i cannot buy them on behalf of my comany.Onwards and Upwards0
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