Just going a bit off topic as interest rates are so measly, do you invest anywhere with surplus business account money?
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Business Savings Account
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a whopping 1.5% easy access fwiw
https://www.recognisebank.co.uk/savi...iness-savings/
Haven't seen it mentioned on here, google search struggles because the name is a common word.
Anyone used them?
Comment
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Originally posted by jmo21 View Posta whopping 1.5% easy access fwiw
https://www.recognisebank.co.uk/savi...iness-savings/
Haven't seen it mentioned on here, google search struggles because the name is a common word.
Anyone used them?Comment
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Originally posted by jmo21 View Posta whopping 1.5% easy access fwiw
https://www.recognisebank.co.uk/savi...iness-savings/
Haven't seen it mentioned on here, google search struggles because the name is a common word.
Anyone used them?
Comment
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Originally posted by jmo21 View Posta whopping 1.5% easy access fwiw
https://www.recognisebank.co.uk/savi...iness-savings/
Haven't seen it mentioned on here, google search struggles because the name is a common word.
Anyone used them?⭐️ Gold Star ContractorComment
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Originally posted by jmo21 View PostComment
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Originally posted by ittony View Post
Just went to open account with this outfit, first thing you need to do is confirm that your business "does not have passive income" which includes "interest from savings accounts". What the...?
Paying thousands of pounds initially into an account I don't control can never be for me (particularly as the minimum transaction is £1000 - they return anything less). I couldn't go on to use the service in good conscience.
Glad to have done everyone else's due diligence in this matter.⭐️ Gold Star ContractorComment
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Originally posted by PerfectStorm View Post
Another red flag - everyone pays into the same account. I tulip you not - you all pay into the same sort and account number and only the reference number of the transaction denotes who you are (a bit like when paying your HMRC bill, for example)
Paying thousands of pounds initially into an account I don't control can never be for me (particularly as the minimum transaction is £1000 - they return anything less). I couldn't go on to use the service in good conscience.
Glad to have done everyone else's due diligence in this matter.Comment
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Originally posted by jamesbrown View PostThis is extremely widespread among smaller institutions. In other words, your “red flag” is total nonsense. They are actually better than most in terms of their online offering. No issues to report, would recommend (up to the FSCS limit, obvs.).Comment
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Originally posted by ittony View Post
You'd recommend even though they forbid you from earning, or having earned, interest anywhere else?Comment
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