We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Treasury / deposit accounts for small businesses and clubs
Simon19
Posts: 1 Newbie
I've been asked by my club, which is incorporated, to look for a suitable interest-paying "home" for their reserves, approx. £15,000, which are currently with a high-street bank in a deposit account earning almost zero interest. We could put them on for a fixed term, say 1 year. None of the Building Societies appear to offer any accounts for clubs and businesses (for reasons unknown?) and the banks offer either derisory rates of interest or require over £20,000 deposited to get into their money market products. Does anyone know of suitable accounts etc where we can place the funds to earn reasonable interest, say 2.5 to 3 + %?
0
Comments
-
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.6K Banking & Borrowing
- 254.5K Reduce Debt & Boost Income
- 455.5K Spending & Discounts
- 247.5K Work, Benefits & Business
- 604.4K Mortgages, Homes & Bills
- 178.6K Life & Family
- 261.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards