Businesses banking interest?

Hoenir

Corporate entities with "stacks" of money are able to place it on overnight deposit at the prevailing rate. 

Futuristic

We use Wise Interest which is using blackrock money market fund, rate currently is 4.67% after all fees. Believe it's the best easy access way, funds are not locked like other platforms so you can move in and out anytime.

https://wise.com/gb/interest/

j_netprofit

friolento said:

jay_ftw said:

Albermarle said:

DullGreyGuy said:

jay_ftw said:

friolento said:

https://moneyfactscompare.co.uk/business/business-savings-accounts/

Do some banks not 'advertise' their rates?

moneyfactscompare.co.uk/business/one-year-business-bonds/

Only there are no HSBC 1yr fixed rate bonds there and it was only last week I spoke with the bank about a product at 4.84% 

Some banks dont offer commission for leads and so won't necessarily be included 

With the Moneyfacts tables, you have to go to the top left and click on 'Rate Order' 
Then you can see all available accounts, not just the ones with commission links. 

Yes but it's still not all the options that are out there? Like I said there are no HSBC options on the Moneyfacts link but they do exist. 

Moneyfacts presents you with 426 Business savings accounts today, as a free service that you can access 24x7. This includes some HSBC accounts, with their pretty mediocre interest rates. You just have to page past many better rates to find them.

Fair enough they are there, all the way down there, but why/how come the bond that offer >4% aren't on Moneyfacts? Again I know they exist because I spoke with them yesterday.

j_netprofit

Futuristic said:

We use Wise Interest which is using blackrock money market fund, rate currently is 4.67% after all fees. Believe it's the best easy access way, funds are not locked like other platforms so you can move in and out anytime.

https://wise.com/gb/interest/

Interesting....

So this isn't a current or a savings account? Could someone explain please?

There's also an asterisk next to the interest rate which says growth is not guaranteed...what's that about?