Business Bond

stoker48

I want to invest some money, £50,000, held in my business.

Best I have seen so far is Nat West 2 year Business Bond at 2.7%.

Can anyone better that?

Cheers:beer:

toadysmum

Try Bath building SOciety Business Tracker (12 mths paying up to 2.4%)

RBS/Halifax also have a 12 month account paying 1.7%.

Our company is also looking to put surplus funds on despoist but the rates are rather poor at the moment...

Hungerdunger

Is it a limited company or sole trader/partnership?

If it's the latter, there's no problem putting it into an ordinary bank or building society account where you can earn a fair bit more. Just make sure you keep accurate records for the transfers of the money in and out of the business.

martinman3

stoker48 wrote: »

Best I have seen so far is Nat West 2 year Business Bond at 2.7%.

I assume that they quoted this figure in branch or on the phone as they are not shown on the website.

Moneyfacts lists some similar bonds not as good as 2.7% though.
http://moneyfacts.co.uk/compare/business/fixed-rate-bonds-selection/

stoker48

We are Limited Company.

Invesco have a reasonable deal and Nat West launching a new one on Monday 12 mth Bond 2.5%, 18mths 2.9%. Beware though that this is "unbreakable".

Anyone know any better?

ses6jwg

santander have a 1 year tracker bond 2.00 and a 1 year standard bond for businesses 2.5

http://www.santander.co.uk/csgs/Satellite?appID=abbey.internet.Abbeycom&canal=CABBEYCOM&cid=1237839959705&leng=en_GB&pagename=Abbeycom/Page/WC_ACOM_TemplateG

toadysmum

I fogot about the Santander 1 year bond at 2.5% as we already have that account. We also have money in the Investec high 5 Business a/c which I think is paying around 2.19% at the moment (3 months notice for withdrawals).

We have looked at (and discounted) Principality and Yorkshire Bank.

Mols

Bath Building Society have a 6 month Business tracker bond at 1.55% above BOE Base Rate - currently 2.05% for balances over £25000.00.

They also have a 12 month at 1.9% above BOE base rate - currently 2.3% for > £25000.00.

These are both capped at 3.5% and are the best rates we've been able to find for our business.

toadysmum

Stoker48 - how do know about the Nat West one if it's not available yet?

stoker48

I spoke to one of their Biz Advisors on the phone yesterday and she told me. Its being launched this coming Monday she said.

Rates look good to me (well, good in todays climate)

toadysmum

Thanks for the "heads up". It does look good (if its a 1 year).