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Business high interest
Dogh0use
Posts: 3 Newbie
Does anyone know which is the best high interest account for business, It's for property management and we need to have acsess to the money once a year. t
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Comments
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We have switched over to Wise earlier in the year, it is not FCSC protected however you are the legal owner of the MMF they invest in (Blackrock operated):
https://wise.com/gb/business/interest (its 4.11% now - the rate is updated on a rolling 30 day average basis so it follows closely to BoE hikes, no other easy access comes close)
Back then there weren't any easy access anywhere close to 3% even but there is Allica Bank & Kent Reliance now
You can also use the below to see full list:
https://moneyfactscompare.co.uk/business/business-savings-accounts/
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I've got one with recognise and one with aldermore both seem to increase pretty regularly0
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Kent Reliance wont allow anymore than 3 directors, so like my company we have 4 we cannot open one, so I have ones with Aldermore, Shawbrook, Virgin Money (poor rate) and Saffron0
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