Business savings

trevor_john

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.

Slinky

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%

johnllew

You can get up to 3.11% gross on business savings: http://www.moneyfacts.co.uk/business/bestbuys/3/business-investment.aspx

trevor_john

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.