Business Savings Account

[jamesbrown]

Is there a FreeAgent Bank feed?

Sadly, there is not. Honestly, IME, even the banks that do have feeds break quite often, which is my only gripe with FA (but probably not their fault in most cases). Starling is an exception, perhaps because it pushes rather than pulls.

[Maslins]

On the FA bank feed side, worth bearing in mind this is far less important if we're just talking about savings accounts. Ie there'll typically be minimal transactions.
- Infrequent transfers to/from the main current account, which can be dealt with automatically as long as the current account has a feed.
- Occasional interest earned, which you can often get paid to the linked current account (so again dealt with automatically).
Where interest does go to the savings account, given how modest interest rates are atm, can easily just do a once a year adjustment to coincide with annual statutory accounts prep.

[jamesbrown]

Yes, all of the above is true, plus some accounts have an annual payment option, which I typically prefer for the same reason. Still, having a reliable feed is nice.

[jamesbrown]

easily just do a once a year adjustment to coincide with annual statutory accounts prep.

On this point, the lack of a feed on a monthly interest account unfortunately made me forget that interest in my last CT600, so I needed to submit an amendment once I caught it . So, yeah, I agree that the hassle can be minimised, but having a feed leads to fewer mistakes.

[pkm]

Virgin Money Business Savings. It has freeagent feed.

[youngguy]

I went with Investec - it had a nice logo.

It was setup within 24hrs and I was transferring money in immediately. 'platform' (website!) Seems better than Aldermore and I can prep my retirement due to that sweet 0.75% interest

[jamesbrown]

Indeed

[PerfectStorm]

Virgin Money Business Savings. It has freeagent feed.

Depends on the account - the best one, the 0.5% easy access - isn't integrated with their wider banking platform, has its own web logon, no app, and no feed

https://uk.virginmoney.com/business/...avings-account

[pkm]

I went with Investec - it had a nice logo.

It was setup within 24hrs and I was transferring money in immediately. 'platform' (website!) Seems better than Aldermore and I can prep my retirement due to that sweet 0.75% interest

Oh great. Now you have me thinking about opening another account just for FSCS!!

[pkm]

Depends on the account - the best one, the 0.5% easy access - isn't integrated with their wider banking platform, has its own web logon, no app, and no feed

https://uk.virginmoney.com/business/...avings-account

Does it matter if all one wants is FSCS protection? I agree the interest rate is lower than Investec but feed certainly works into freeagent. I'm going to open another account with Investec as well.