Business savings account Ltd

blinko

Business savings account Ltd

hi guys can anyone recommend a good business savings account. My friends ltd company account has a gigantic £1m sitting in it earning 0.1%

any recommendations would be gratefully received

thanks

westy22

Virgin Money have both an easy access and a fixed rate offering; https://uk.virginmoney.com/virgin/business/?gclid=EAIaIQobChMIgJu21LXg5AIVmvhRCh31PQsYEAAYASAAEgJ89_D_BwE&gclsrc=aw.ds#

Marcon

Is there a reason why it has to be something as mundane as a business savings account - any scope for the company investing in something a bit livelier?

jonesMUFCforever

blinko wrote: »

Business savings account Ltd

hi guys can anyone recommend a good business savings account. My friends ltd company account has a gigantic £1m sitting in it earning 0.1%

any recommendations would be gratefully received

thanks

Do their bank not offer overnight, or 7 day (or longer) term deposits?

bowlhead99

Aldermore's easy access business savings is 1% on up to a million, so about the same rate as Virgin's - https://www.aldermore.co.uk/business/business-savings-accounts/easy-access/

If the company always has £1m+ hanging around they have a corporate treasury offering to deal with larger amounts. (though with 1 year LIBOR under a percent, you wouldn't get as much as the business saving rate for short term deposits on multiple millions).